
Nasdaq 100 awaits the Magnificent Seven
The Nasdaq 100 is searching for its next catalyst. With Magnificent Seven earnings about to begin, attention now turns to whether results and guidance can justify the rally.
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The Nasdaq 100 is searching for its next catalyst. With Magnificent Seven earnings about to begin, attention now turns to whether results and guidance can justify the rally.

For the Magnificent 7 and broader Nasdaq 100, this quarter’s most important theme is the shift from pure AI and datacenter capital expenditures to the ROI on those investments

Analysts expect Nvidia to report $1.52 in EPS on $65.6B in revenue, but as always, the company’s guidance for future quarters will be most significant - how will NVDA react?

For the Magnificent Seven, This earnings season is no longer about whether AI is real, but whether the AI boom is entering a phase where these real world constraints will weigh on growth.

Nvidia is expected to report $1.25 in EPS on $55B in revenue after the bell on Wednesday, with both NVDA and the Nasdaq 100 testing key bullish trend support

This week sees the bulk of the Magnificent Seven earnings released, including Microsoft, Apple, Alphabet, Meta, and Amazon.

U.S. stocks have opened modestly higher after earnings season brings mixed results and as investors wait cautiously for tomorrow's inflation data. Tesla posted record revenue, but profits slid.

U.S. Stocks are heading for a quiet open amid a cautious mood as investors weigh up earnings, including Netflix, which posted weaker-than-expected profits, pressuring market sentiment.

U.S. Stocks are poised for a quiet positive open, following solid gains in the previous session, as earnings season gains momentum and U.S.-China trade worries ease. Netflix reports after the close.

Key themes for the Magnificent 7 Earnings season include the AI CapEx boom, digital ad spending, the divergence between enterprise and consumer spending and the regulatory backdrop.

JP Morgan, Goldman Sachs, Bank of America, among other big banks, will kick off Q3 earnings season this week.

With NVDA options traders pricing in “only” a +/- 6% move on the release, a big earnings surprise could catch traders off-guard given the technical setup

The Nasdaq 100 remains in a bullish channel and could target 24,000 or 25,000 if Big Tech stocks can deliver on earnings expectations.
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