NatalieLopez

 19 Apr 24

tl;dr

As first-quarter earnings roll in, the Magnificent 7, including Tesla, Alphabet, Meta, and Microsoft, are set to report their results next week. The Magnificent Seven, comprising Apple, Microsoft, Amazon, Nvidia, Meta, Alphabet, and Tesla, contributed to 37% of the S&P 500's first-quarter gain this ...

As first-quarter earnings roll in, the Magnificent 7, including Tesla, Alphabet, Meta, and Microsoft, are set to report their results next week. The Magnificent Seven, comprising Apple, Microsoft, Amazon, Nvidia, Meta, Alphabet, and Tesla, contributed to 37% of the S&P 500's first-quarter gain this year. Tesla, reporting on Tuesday, has faced challenges with a 40% decline in value since the start of the year. Deutsche Bank lowered its rating due to concerns about vehicle launch delays. Meta, up 40% in 2024, has garnered positive sentiment from its 2023 "Year of Efficiency" strategy, with Truist raising its price target. Microsoft, gaining 6.5% since the start of 2024, is expected to surprise on AI-related revenue in its upcoming earnings, according to Citi. Alphabet, up 10% this year, is projected to exceed consensus estimates, driven by user engagement and ad spending growth, as noted by Truist. Other technology stocks reporting earnings next week include Spotify Technology, SAP, Lam Research Corp., International Business Machines, ServiceNow, Roper Technologies, and Intel.

More about Tesla Inc

Tesla Inc.

Overview
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.

Sector
Manufacturing, Motor Vehicles & Passenger Car Bodies

Market Cap
477.495B

Current Price
$34.87

Dividend Yield
None

EPS
4.3

P/E Ratio
30.49

ROE
15.5%

Revenue
$96.773B

52-Week High
$173.98

52-Week Low
$1.115

Volatility
0.035

More about Alphabet Inc Class C

Alphabet Inc Class C Analysis Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Sector: Technology

Industry: Services-Computer Programming, Data Processing, etc.

Key Financial Data:

Market Cap: $1.947764523 trillion

Price-to-Earnings Ratio: 27.15

Dividend Yield: None

Beta: 5.8

EPS: 24.34

Volatility: 0.24

Volume: 307,393,987,000

Stock Price: $155.62

Change: 0.56

Change %: 0.135

More about Meta Platforms Inc.
Meta Platforms Inc. Summary

Meta Platforms Inc.

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.

Industry

Technology, Services-Computer Programming, Data Processing, etc.

Financial Highlights

Market Cap: $1.279 trillion

Current Price: $33.79

Dividend Yield: 0%

52-Week Range: $14.85 - $52.41

EPS: $0.29

Volume: 134,901,998

Average Volume: 499.44

PE Ratio: 2.002

Beta: 0.247

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue, and it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Sector: Technology

Industry: Services - Prepackaged Software

Market Cap: 300.39B

Current Price: $36.49

Change: 2.86 (11.08%)

Volume: 30.61M

EPS: 0.363

PE Ratio: 227.58

Dividend Yield: 1.00%

52-Week High: $435.48

52-Week Low: $0.332

RSI (14): 0.176

More about Apple Inc
Apple Inc. Stock Analysis

Apple Inc. Stock Analysis Summary

Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. It is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the world's most valuable company since January 2021.

As of

More about Amazon.com Inc

Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.

Industry: TRADE & SERVICES

Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES

Market Cap: 1.864 trillion

P/E Ratio: 61.8

Dividend Yield: None

Beta (5Y Monthly): 2.9

Price: 55.78

EPS: 0.0529

Shares Outstanding: 574.78 million

Volume: 995,000

Average Volume (10 days): 198.96

50-Day Moving Average: 50.69

200-Day Moving Average: 0.139

More about NVIDIA Corporation

NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Industry: Manufacturing, Semiconductors & Related Devices

Market Cap: 211.68B

Current Price: $70.91

Change: 0.16

PE Ratio: 11.94

EPS: 24.68

Dividend Yield: 0.488

Revenue: 60.92B

Net Income: 944.66M

Debt to Equity: 7.61

Quick Ratio: 2.653

More about Alphabet Inc Class A
Alphabet Inc. - Stock Analysis

Alphabet Inc. Stock Analysis Summary

Alphabet Inc. (GOOGL) is a leading American multinational conglomerate headquartered in Mountain View, California. It was established on October 2, 2015, following a restructuring of Google, and subsequently became the parent company of Google and various former Google subsidiaries. The co-founders of Google retained their positions as controlling shareholders, board members, and employees within Alphabet. As of the most recent data:

  • Sector: Technology
  • Industry: Services - Computer Programming, Data Processing, etc.
  • Market Cap: $1.948 trillion
  • P/E Ratio: 26.9
  • Dividend Yield: 0.58%
  • Beta (5Y Monthly): 1.24
  • EPS: $24.34
  • Volume: 307,393,987
  • Market Cap (intraday): $1.661 trillion
  • Forward Annual Dividend Rate: $0.56
  • Forward Annual Dividend Yield: 0.135%

More about Spotify Technology SA
Spotify Technology SA Summary

Spotify Technology SA

Spotify Technology SA provides audio streaming services worldwide. The company is headquartered in Luxembourg, Luxembourg.

Sector: TECHNOLOGY

Industry: RADIO BROADCASTING STATIONS

Market Cap: $57.36 billion

Dividend Yield: None

EPS: -2.91

Stock Price: $68.03

Change: -0.0402

Revenue: $13.247 billion

PE Ratio: 286.21

Beta: 0.569

Volatility: 0.16

More about SAP SE ADR

SAP SE ADR

SAP SE is a global enterprise application software company. The company is headquartered in Walldorf, Germany.

Industry: Technology, Services - Prepackaged Software

Market Cap: 208.51 billion

Current Price: $54.63

Price Change: 2.2

Change (%): 3.27%

PE Ratio: 26.74

EPS: $0.197

Revenue: 31.207 billion

Dividend: $207.21

Dividend Yield: 1.418%

Beta: 0.05

More about Lam Research Corp

Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.

Industry: Technology, Special Industry Machinery
Stock Symbol: LRCX
Market Cap: $116.54 billion
Current Price: $34.26
Dividend Yield: 7.45%
P/E Ratio: 25.95
52-Week Range: $107.41
Volatility: 0.241
Volume: 14,317,147
Revenue: $9.54 billion
EPS: -0.33
P/E Growth Ratio: -0.288

More about International Business Machines

International Business Machines Corporation (IBM) is a multinational technology company headquartered in Armonk, New York, with operations in over 170 countries. The company, founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed in 1924, produces and sells computer hardware, middleware, software, and provides hosting and consulting services.

IBM is also a major research organization and holds the record for the most annual U.S. patents generated by a business for 28 consecutive years (as of 2020). Inventions by IBM include the automated teller machine (ATM), floppy disk, hard disk drive, magnetic stripe card, relational database, SQL programming language, UPC barcode, and dynamic random-access memory (DRAM).

The IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s.

Industry: Technology, Computer & Office Equipment

Market Cap: 166.36 billion

EPS: 22.27

P/E Ratio: 6.63

Forward P/E: 8.15

Dividend Yield: 0.121

Shares Outstanding: 618,600,000

Public Float: 177.23

Beta: 0.2

Rev. per Employee: 0.041

More about ServiceNow Inc

ServiceNow Inc Summary

ServiceNow is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations.

Industry: Technology

Sector: Services-Prepackaged Software

Market Cap: $150.21 billion

Stock Price: $86.96

Dividend Yield: None

P/E Ratio: 8.41

EPS: $43.95

Beta: 0.193

Revenue: $8.97 billion

Net Income: $856.08 million

Debt to Equity: 0.927

Price to Book: 0.256

More about Roper Technologies Inc. Common Stock

Roper Technologies, Inc. (formerly Roper Industries, Inc.) is an American diversified industrial company that produces engineered products for global niche markets. The company is headquartered in Sarasota, Florida.

Sector: LIFE SCIENCES

Product Focus: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL

Market Cap: 56429490000

Current Price: 41.32

Price Change: 2.798

Percentage Change: 12.76%

52-Week High: 57.95

52-Week Low: 0.224

Volume: 6177800000

Revenue: 601.97

EPS: -0.8

Dividend Yield: 0.128

More about Intel Corporation

Company: Intel Corporation

Description: Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue, and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).

Industry: Manufacturing, Semiconductors & Related Devices

Market Cap: 149.16 Billion

Current Price: $87.6

Change: 0.74 (0.4%)

PE Ratio: 12.94

EPS: $0.0312

Revenue: 54.23 Billion

Dividend Yield: 2.4%

Beta: -0.717

Volatility: 9.7%

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 21 Sep 24
 20 Sep 24
 20 Sep 24