Quarterly results for the Mag 7 are expected this week, putting pressure on Amazon and Apple. Both stocks have lagged this year, with hopes for AI boosts. Amazon’s AWS revenue is expected to rise 17% to over $30 billion, while Apple’s Q4 sales in China are estimated to have increased by 4% to over $18 billion.

Amazon and Apple are in the middle of the pack in terms of valuation among the Mag 7, with Amazon having a price-to-forward sales multiple of 3.4X and Apple at 9.1X. Amazon stock holds a Zacks Rank #2 (Buy) due to its EPS growth, while Apple shares are ranked #3 (Hold) with slightly down EPS revisions for FY25 and FY26.

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Read more at Nasdaq: Buy the Mag 7 Laggards as Earnings Approach?: AMZN, AAPL