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The Magnificent Seven Continue to Show Strength

The Magnificent Seven Continue to Show Strength
July 27, 2023

Meta earnings come in strong

Meta reported yesterday after the close of the market and demonstrated their continue dominance in the social media world with strong earnings and revenue.

EPS Normalized Actual $2.98 (Beat by $0.09)

EPS GAAP Actual $2.98 (Beat by $0.07)

Revenue Actual $32.00B

Revenue Surprise Beat by $969.07M

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AMAZON reports on August 3rd. They will give a glimpse into how the consumer is fairing. According to Seeking Alpha, Amazon expected earnings and revenue are:

EPS Normalized Estimate $0.34

EPS GAAP Estimate $0.34

Revenue Estimate $131.33B

Presently the intermediate trend for Amazons stock price is natural with 2.1% downside and 4.1% upside as of yesterday.

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