Is the Magnificent Seven’s Earnings Edge Fading?
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BTCCSquare news:
The Magnificent Seven's dominance in S&P 500 earnings growth shows signs of waning. Nvidia stands alone as the sole representative expected to rank among the top five contributors this quarter, a stark contrast to last year when four members—Nvidia, Alphabet, Amazon, and Meta—featured prominently. The narrowing gap between the group's growth and the broader index underscores shifting market dynamics.
Eli Lilly, Intel, Boeing, and Micron are poised to join Nvidia as key drivers of profit growth, capitalizing on favorable year-over-year comparisons. Meanwhile, the Magnificent Seven's collective outperformance appears increasingly tenuous as the market pivots toward new leaders.
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