'Crowded' megacap trade in US stocks awaits earnings test
by Yahoo Finance
Yahoo Finance— Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year. The companies are seen as important bellwethers due to dominant positions atop their...
International Business Times UK—US Stocks Rebound On Tech Earnings, London Hits New Record. Buoyant big tech earnings lifted US stocks on Friday while London scaled another peak as investors tracked a series of takeover bids for UK companies.The tech heavy Nasdaq led the way on Wall Street, adding more than two percent as traders shrugged off official data showing that a key measure of inflation favored by the US Federal Reserve had accelerated in March.The broader-based S&P added 1.0 percent while the Dow was 0.4 percent in the green as major European indices also rose.The markets had...
Kiplinger—Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings. The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.
Yahoo Finance—How To Earn $500 A Month From Eli Lilly Stock Ahead Of Q1 Earnings Report. Eli Lilly and Company (NYSE:LLY) is set to report first-quarter earnings on Tuesday, April 30. Analysts expect the Indianapolis, Indiana-based company’s quarterly earnings to be $2.46 per share, up from $1.62 per share in the year-ago period. Eli Lilly is projected to post revenue of $8.92 billion, compared to $6.96 billion in the year-earlier quarter, according to data from Benzinga Pro. Fresh off its acquisition of a manufacturing facility from Nexus Pharmaceuticals, some investors may be...