Breakfast News: Mag 7’s Role in Q2 Earnings
Kicking off the group known as the “Magnificent Seven,” Alphabet (GOOG) and Tesla (TSLA) are set to release their second-quarter earnings reports on Wednesday. According to FactSet’s predictions, these two companies are projected to grow earnings by 14.1% compared to the same period last year. In contrast, the remaining 493 companies in the S&P 500 are expected to only see a modest growth of 3.4%.