Recently, Mag7 stocks have successively released the Q3 financial reports. Influenced by multiple factors such as the election and interest
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Recently, Mag7 stocks have successively released the Q3 financial reports. Influenced by multiple factors such as the election and interest rate cuts, the stock prices have experienced significant fluctuations.
$Tesla (TSLA.US)$ reported its results last week, inspiring a stock gain after showing an EPS beat for the first time in a year.
Next came
$Meta Platforms (META.US)$beat analyst expectations in their third quarter results. The social media giant reported total revenue of $40.6 billion, a 19% year on year increase.
$Apple (AAPL.US)$ fell in extended trading on the company's weaker-than-expected sales growth target for the current quarter.
$Amazon (AMZN.US)$ announced better-than-expected revenue in Q3 2024, with sales up 11% year on year to $158.9 billion. Its EPS of $1.43 per share was also 25.2% above analysts' consensus estimates.
The magnificent 7 stocks recorded 35.2% earnings growth for Q2, along with ever-rising AI-centric capital expenditures. For the third quarter, earnings of the 7 companies are expected to be up 16.2% from the same period last year, with revenues up 13.6%.
🎙️Discussion:
1. Will the current financial reports of M7 stocks give you confidence in tech stocks?
2. Which company will have a more positive market outlook after the election?
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