From Nasdaq: 2024-04-25 15:10:00

Tesla’s share price decline is linked to earnings fundamentals, says Chief Equity Strategist John Blank. The “Magnificent Seven” stocks can shed light on this trend, with intense price competition in the global EV market. Q1 2024 earnings season is underway, with expectations of rising S&P500 profits. Will the tech sector’s strong earnings support stock valuations?

Investors are closely watching for interest rate cuts by the Fed this year, with a possible start date in September. If rate cuts do not happen, this could impact stock performance. European Central Bank rate cuts are anticipated to begin in June, supported by recent European bank earnings. Zacks Strong Buy stocks this month include Prosus, Wells Fargo, and Uber Technologies.

Download Zacks Investment Research’s Special Report on 5 Dividend Stocks for Retirement, featuring property management, upscale outlets, financial institutions, and energy producers. Gain unconventional insights for your retirement strategy. Access free stock analysis reports for Tesla, Uber Technologies, and Prosus. Stay informed with Zacks Investment Research for financial guidance.



Read more at Nasdaq: Can Tesla’s Earnings Struggle Take Down the “Mag 7”?