Mag 7 Earnings Preview: All You Need To Know

Ahead of tomorrow's start of Mag 7 earnings season (MSFT, META and TSLA all reporting after the close on Wednesday followed by AAPL on Thursday, representing a total of $10.5 trillion in market cap) Goldman Delta One head Rich Prvorotsky writes that at the end of the day it will all simply boil down to "who is spending less and who is spending more. The bar for numbers feels low given the aggressive starting point of sell tech/sell America/buy everything else."

The group is expected to post 20% profit growth for Q4, which would be the slowest pace since early 2023. So the companies are under pressure to show that the vast sums they’ve committed to capital expenditures are starting to pay off in a bigger way.