Alphabet Inc (ABEC.HA)
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Why the Magnificent 7's 'momentum is collapsing'
Six of the largest tech companies are expected to see earnings growth slow over the next year, leaving room for other companies to lead the next leg of the stock market rally, UBS analysts say.
- Yahoo Finance Video
Big 6 tech stocks downgraded by UBS on 'collapsing' earnings
UBS Chief Investment US Equity Strategist Jonathan Golub downgraded the "Big Six" tech stocks - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT) — from Overweight to Neutral citing "difficult comps and cyclical forces weighing on these stocks." In addition, Golub claims that the monumental earnings that catapulted these companies are "collapsing." Yahoo Finance Reporter Josh Schafer joins Market Domination to break down UBS' call on the majority of the Magnificent Seven tech leaders and what Golub forecasts for the tech sector in his note to investors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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Why the stock market is having 'digestion problems' this earnings season
After a strong market rally to start 2024, investors haven't been impressed by corporate earnings so far this season, even when they've been solid.
