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Magnificent Earnings Week: What was your fave?
Recently, Mag7 stocks have successively released the Q3 financial reports. Influenced by multiple factors such as the election and interest Show More
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.
$Alphabet-C (GOOG.US)$ and $Alphabet-A (GOOGL.US)$ were the first to report, and every segment of the search giant beat estimates. Next came $Microsoft (MSFT.US)$earnings better than expectations. EPS $3.30 versus $3.10. Revenues $65.6 billion.
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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