2024-04-21 17:00:00 ET
Summary
- The Magnificent 7 stocks, including Tesla, are set to report earnings between April 23rd and May 22nd.
- Tesla's stock has been down 40% and had a rough week, with analysts revising their estimates down.
- The overall performance of the Magnificent 7 in 2023 was impressive, with an average return of 111%.
- Meta's strong story. Microsoft not as attractive. Strong buy on Google though some concerns. Amazon, Apple and Nvidia.
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Seeking Alpha's Head of Quantitative Strategies, Steven Cress , walks us through Mag 7 stocks from a quant perspective (0:55). Analyzing Mag 7 earnings expectations (9:00). All eyes on Tesla's recent decline (18:50). Meta looks to be much stronger story (27:55). Microsoft not as attractive; strong buy on Google with some concerns (33:05). Amazon, Apple and Nvidia (36:40). This is an excerpt from a recent webinar: Quant Research - Earnings Preview Of The Mag 7 (full video with slides).
Transcript
Daniel Snyder: Hello. Welcome, everyone. I'm Daniel Snyder from Seeking Alpha. I am joined today by Steven Cress , our Head of Quantitative Strategies at Seeking Alpha. Steve, how are you today?
Steven Cress: I'm doing really well. Thank you so much for having me today, Daniel.
DS : Thank you for taking the time. I mean, look. This is something that everybody needs to be prepared for. Right? We talked about the Mag 6. The Mag 6, it used to be the Mag 7. Some people call it the Mag 6 now. These stocks can move the market. They are the big heavyweights that everybody is keeping eyes on this earnings season.
But we can't do this without including Tesla ( TSLA ). So it will be the full Mag 7 list. And Tesla, all eyes are on them right now. So we're excited to hear what you have to say today, Steve.
SC : It will be. I could not leave out Tesla.
So, I'll take you sort of right into the Magnificent 7 . I'm going to do a combination of a couple things here today. I'm going to take us through the Seeking Alpha Premium site. So we can go right to the stock pages and go to some other pages that we have in Seeking Alpha Premium that are really insightful per stock for Magnificent 7. So, hopefully, you'll appreciate this....
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For further details see:
Magnificent 5 Or 7? Earnings Preview With Steven Cress