MHh
07-25
Although the Mag7 has usually reported good results and do the heavy lifting for the S&P500, I do not think that it can continue to do without a break. In any case, it is a heterogeneous group with different prospects and challenges. The expected rate cuts will help lift them but the past quarter may not be that kind to profit margin. Among the rest, I am optimistic about Apple and meta. Of these 2, my favourite will still be Apple. With its sticky ecosystem and popular demand, I expand sales of its products like iPhone and iPad to remain strong. Forex also would help in its earnings. Although it has only started working on AI wilt companies like meta and Google, I will not be quick to dismiss the early impact of AI on these companies. The promise is what Apple sells to consumers too and there will be early optimism that lends to sales. The world’s populous country China remains a strong supporter of Apple.
Profit Turnaround+High Growth! Hidden Gems of Earnings Season?
This earnings season is nearing its end — which companies beat expectations or turned profitable, and which ones deserve more attention? During past turnarounds, many growth stocks achieved outsized gains. High-growth companies that turned profitable include DASH, OKTA, NTNX, TMDX, TOST, and RELY. In addition, Chinese ADRs this season should not be overlooked. Niu Technologies turned profitable in Q2, with its stock surging over 30%. Bilibili profit turned around, but shares fell 6% yesterday. Miniso's TOP TOY Revenue +73% and Jumped 6% on Earnings, continued to surge.
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