Analysts have warned that a minor shift in investor faith towards some of the Magnificent Seven companies could have far-reaching repercussions, as markets gear up for some of the US’ tech giants to report their earnings over the coming weeks.
Major names in the Magnificent Seven are set to report their earnings for the first quarter of this year, with Tesla set to unveil its earnings after markets close today (22 April), followed by Alphabet on Thursday (24 April) and Amazon next week (1 May). Funds ditch Tesla amid increasing concerns about Musk's politicisation While ‘Mag Seven' constituents have not been immune to the tariff-induced market turmoil in recent weeks, their combined market cap remains 5% above where it was a year ago, noted AJ Bell's investment director Russ Mould, head of financial analysis Danni Hewson a...
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