Dividend Stocks

The Latest Magnificent Seven Stocks to Report Earnings – Are They Buys?

Wall Street has started off November in a better mood after a couple of October “spooks” they got yesterday. Yesterday, the S&P 500 went up 0.4%, the Dow rose 0.7% and the NASDAQ gapped up 0.8%.

The main culprit was the earnings results from a couple of “Magnificent Seven” companies that investors were laser-focused on this earnings season: Meta Platforms, Inc. (META) and Microsoft Corporation (MSFT). Their results sparked concerns over their aggressive increase in AI spending. (You can read my full review of those earnings here.)

So, the question for investors now is who is the true king of “The Magnificent Seven”?

NVIDIA Corporation (NVDA) is, of course, the red-hot company right now. With a market cap of $3.3 trillion, it’s the second-largest company in the S&P 500. Only Apple Inc. (AAPL) edges NVDA out for the top spot.

We’ll learn more from NVIDIA on November 21, when the company announces its results. But for now, it was Apple’s and Amazon.com, Inc.’s (AMZN) turn to release their earnings this week.

Investors have been eager to see whether Apple’s entry into the AI race will bear any fruit. And given the concerns about AI spending, investors were curious to see whether Amazon is bucking the trend. 

So, in today’s Market 360, I’ll review the latest earnings from Apple and Amazon. We’ll examine whether investors got what they were hoping for, and I’ll also share whether my Stock Grader system says they’re good buys right now. Then, I’ll share where you can learn about my latest election prediction which could shock you.

Newsletter