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Tarnished Magnificent 7 stocks rebound faces test with earnings

Channel News Asia LogoChannel News Asia3d ago

Tarnished Magnificent 7 stocks rebound faces test with earnings - Channel News Asia

Quick Summary:

NEW YORK :The U.S.technology and growth stocks known as the "Magnificent Seven" have regained their footing somewhat after a steep slide, but a few weeks of growing valuations and a dimming earnings edge could make it harder for them to push Wall Street higher.

Tesla, run by Trump ally Elon Musk, trades at a whopping 120 times forward 12-month earnings estimates, while Alphabet trades at a P/E ratio of 16.6, according to LSEG Datastream.

One reason the Magnificent Seven overall has held appeal for investors is their earnings strength.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 18:08:01 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 901 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28297283

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 8 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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The story "Tarnished Magnificent 7 stocks rebound faces test with earnings" was covered 3 days ago by Channel News Asia, a news publisher based in Singapore.

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It's most recent story was published 3 hours ago.

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