Beat the street: Mag 7; Earnings galore; GDP; PCE; Tesla price cuts
Mag 7 results come at a critical moment for the stock markets, suffering AI fatigue and jitters prompted by geopolitical tensions in the Middle East.
Meta, Microsoft, Tesla, Exxon Mobil and Alphabet are just some of the big names reporting. The focus on growth is amplified this week with the latest Q1 US GDP and inflation print. Tesla finally succumbs to competition pressure and announces price cuts on some of its models.
(AI Video Summary)
Tech giants' earnings reports expected
This episode of "Beat the street", hosted by Angeline Ong, discusses the anticipation of major earnings reports from tech giants like Meta, Microsoft, Tesla, and Alphabet, alongside key economic data including Q1 US GDP and the Fed's preferred inflation gauge, the PCE.
This week's starting market outlook
Markets showed caution ahead of this earnings-heavy week, reflecting in mixed quarterly earnings and the recent dip in the Dow Jones and NASDAQ indices. Tesla’s share price is highlighted for its significant drop amid price cuts and competition, especially from Chinese EV makers. The discussion also includes insights on the asymmetric market response to earnings beats and misses, emphasising the crucial role of tech companies' reports in market sentiment, particularly in the context of AI narratives and Federal Reserve rate cut expectations. Copper's rising demand due to its role in energy transition was also noted.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
