Which “Magnificent 7” Companies Are Top Contributors to Earnings Growth for the S&P 500 for Q2?

Category: Finance

The 'Magnificent 7' companies are projected to significantly contribute to the S&P 500's earnings growth for Q2 2024, with NVIDIA, Amazon.com, Meta Platforms, and Alphabet expected to lead. Collectively, these companies are anticipated to achieve a 56.4% year-over-year earnings growth, while the overall S&P 500 is expected to see a 9.7% growth rate. Analysts predict continued strong performance from these companies throughout 2024.

Keywords: S&P 500, Magnificent 7, Earnings Growth

Source: FactSet Insight

Update At: 7/23/2024

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