| Magnificent 7 tech stock earnings have dominated the S&P 500 over the past year, but earnings expectations for the rest of the field show the gap closing. | | | Will the rest of the S&P 500 close the gap with the Magnificent 7? | | | | | In Q1 2024, if it hadn’t been for the substantial earnings contribution from the Magnificent 7 mega-cap tech stocks, earnings growth for the rest of the S&P 500 would be in negative territory. For the last year, the Mag 7 has been the driving force behind positive overall S&P 500 earnings growth. However, it looks like the rest of the S&P 500 is beginning to catch up from an earnings perspective. In our free July 2024 Zacks Market Strategy Report 1, we look at how other areas of the market—small- and mid-caps, value stocks, and sectors with attractive earnings growth prospects—are arguably being undervalued at current levels. | | | | Get our free report for more about how the disproportionate focus on (and investor enthusiasm for) technology stocks has left hidden opportunities in areas of the market. You’ll get the latest on the markets, economy and more including: - Finding Investment Opportunities in the “Earnings Growth Gap”
- 3 Storylines to Follow for Q2 2024 Earnings Season
- Bottom Line for Investors
- ...and much more!
If you have $500,000 or more to invest, request this report today. | | | | | Talk to a Zacks Wealth Advisor today. | | |
Post a Comment
Post a Comment