Research
Magnificent Seven’s Earnings Have Peaked, BofA Says
The big tech companies’ previous cost cutting boosted profits, but that stimulus is abating, per a bank study.
The mega-cap tech giants appear invincible. But things always change in the market.
The top stocks will get company as the rest of the technology sector joins in amid AI mania, says Wedbush’s Ives.
Market-wide forces are impacting the high-flying shares, which have led the S&P 500 all year.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
Their stocks have been flat, like the rest of the market, but profit expectations are high for Q3.
The pension giant raked in $72 billion during the quarter thanks to its public equities portfolios.
Corporate profits are falling back to a more normal pace (absent some nightmare scenario intruding).