Potential buying opportunity for Mag 7 stocks (MSFT, META, NVDA) after recent pressure.

From Nasdaq.: 2024-07-23 10:15:00

Several Mag 7 stocks, including Microsoft (MSFT), Meta Platforms (META), and Nvidia (NVDA), have faced recent pressure after strong runs. Small-cap stocks saw a rise, possibly indicating rotation. Microsoft’s cloud strength impressed with a 23% revenue increase. Meta Platforms’ profitability surged with 80% earnings growth. Nvidia’s robust outlook includes a 100% earnings increase. Despite recent weakness, these stocks show promise.

Microsoft’s cloud strength and positive earnings outlook support bullish forecasts, with a 20% year-over-year earnings growth expected. Meta Platforms’ profitability has surged, with 80% earnings growth reported. Nvidia’s robust outlook includes a 100% earnings increase and a 90% sales jump. Despite recent pressure, these stocks remain optimistic for investors.

As Mag 7 stocks face pressure, their fundamentals and outlooks remain strong. Recent weakness coincided with small-cap stock rises, hinting at rotation. Despite recent profit-taking, the long-term potential for Microsoft, Meta Platforms, and Nvidia remains solid. Investors should consider these stocks before they report earnings for potential opportunities.



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