Stock market edges up ahead of Amazon earnings and jobs data

7 hours ago · Magnificent 7 loses some luster Lately, the so-called Magnificent 7 stocks of Amazon, Tesla, Alphabet, Meta, Apple, Nvidia and Microsoft have seen some softness on doubts over whether mega ...

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Is the stock market rally spilling out beyond Magnificent 7?

The Stock Rally Is Broadening Out From Magnificent 7. That's Good News. The stock market rally is broadening out from the Magnificent 7. That's great news for bulls. There's a sign that the market rally is spilling out beyond the Magnificent Seven stock, LPL Financial said. The S&P 500 equal-weighted index is nearing record highs. ...

Are the Magnificent Seven a good stock?

Cumulatively, the Magnificent Seven book more in profit in a single year than most countries’ entire stock markets. And even in America their profits put them head and shoulder above the rest. Without the Mag Seven, aggregate S&P 500 earnings per share would have contracted in 2023 rather than grown. ...

Is Bank of America's Magnificent 7 a good stock to buy?

The Magnificent 7, a group that includes Microsoft (MSFT), Amazon (AMZN), Meta (META), Apple (AAPL), Alphabet (GOOGL), Nvidia (NVDA) and Tesla (TSLA), dominated S&P 500 earnings growth in the last three quarters, but Bank of America analysts expect second-quarter results to show growth broadening beyond the small group of stocks. ...

Are the Magnificent Seven stocks fading?

As markets continue to shift, investors appear to be broadening their approach, favoring sectors that provide a balance of growth, value, and stability beyond the once-dominant Magnificent Seven. The dominance of the Magnificent Seven stocks may be fading as investors broaden their focus beyond Big Tech. ...

Which 'Magnificent Seven' stocks soared in 2024?

The so-called "Magnificent Seven" stocks — Apple AAPL, Alphabet (GOOGL, GOOG), Microsoft MSFT, Amazon AMZN, Meta META, Tesla TSLA, and NVIDIA NVDA — were on a spectacular ride in 2024 and drove much of the year’s broader market gains. Notably, the S&P 500 was up 23.3% in 2024 and Roundhill Magnificent Seven ETF MAGS gained 66.5% in the year. ...

Does the Magnificent 7 drive S&P 500 earnings growth?

The Magnificent 7 drove S&P 500 earnings growth in the last three quarters and accounted for more than half (59.5%) of the S&P 500's total return in the first half of the year, according to data from LPL Financial. However, analysts expect the group to post its second quarter of slowing earnings growth in a row. ...