Four of the Magnificent 7 Are Releasing Earnings Next Week: Are You Ready?

Four of the tech titans—Google, Meta, Apple, and Amazon—are gearing up to release earnings next week, and the markets are bracing for impact. Here’s what you need to know before these mega-cap stocks move:

Google (Alphabet) kicks things off, down 15% from its July 2024 all-time highs. At current levels, is it a buy, or will the number one search engine and YouTube owner continue to slide? All eyes will be on their earnings to see if they can regain momentum.

Next up is Meta, which has had a stellar year, up 63% YTD! However, after hitting a high on October 7, 2024, the stock has pulled back and is nearing key demand levels. Can the Metaverse keep propelling Meta forward, or are we in for more downside?

Apple has been on a tear, up 41% since April’s lows, now flirting with its all-time high. Yet, Warren Buffet’s Berkshire Hathaway sold off 510 million shares, reducing their stake by 56% in the first half of 2024. Does the Oracle of Omaha see something we don’t?

Finally, it’s Prime time with Amazon. Despite its dominance in e-commerce, Amazon’s stock price has stagnated, sitting at the same levels as November 2022. If you didn’t catch a dip below $120, you’ve likely seen no return on your investment—and with no dividend to cushion the hold.

Stay tuned as Strategic Profit Line Trading analyzes how to position for the moves these tech giants will make in the market!

Trade details will be posted next week.........