"Big 5" Contributes 60%+ Growth! Will You Choose Tech Giants or Other Companies?

Capital_Insights
04-23

Five of the “Magnificent 7“ companies, including $NVIDIA Corp(NVDA)$ , $Amazon.com(AMZN)$ , $Meta Platforms, Inc.(META)$ , $Alphabet(GOOG)$ , and $Microsoft(MSFT)$ , are expected to be top contributors to year-over-year earnings growth for the S&P 500 in Q1 2024.

chart from factsetchart from factset

These five companies are projected to collectively achieve a 64.3% year-over-year earnings growth for Q1 2024, significantly impacting the overall earnings growth of the S&P 500.

Excluding the five companies, the blended earnings decline for the remaining 495 companies in the S&P 500 would be -6.0% for Q1 2024.

chart from factsetchart from factset

The blended earnings growth rate for the entire S&P 500 for Q1 2024 is forecasted at 0.5%.

Three of the "Magnificent 7" companies, Meta Platforms, Microsoft, and Alphabet, are scheduled to report actual results for Q1.

Analysts predict that these top companies will continue to exhibit strong year-over-year earnings growth throughout 2024, with the other 495 companies in the S&P 500 also expected to see improving earnings growth by Q4 2024.

chart from factsetchart from factset

GOOG Hits New High! Is it Still a Buy After Surge?
Alphabet jumped 12% in extended trading after significantly beating estimates. EPS: $1.89, higher than estimates of $1.51 Revenues: $80.54 billion, exceeding expectations of $78.59 billion. The search giant also authorized its first ever dividend, as well as a $70 billion buyback. ---------------- Is it still a buy after the financial report surged? What's your target price for Alphabet?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Bodoh
    04-23
    Bodoh
    Shows that the whole economy will tank sooner than later
  • YueShan
    04-24
    YueShan
    Good⭐️⭐️⭐️
  • CyrilDavy
    04-23
    CyrilDavy
    🤩👏
Leave a comment
3
44