Noorhan Abusamra

2 months ago | moniify.com | Noorhan Abusamra |Ankush Chibber

The Magnificent 7 have carried the market, but their days of running circles around the other 493 stocks might be numbered. In 2023, they flexed with 36% profit growth while the rest of the S&P 500 shrank by 4% — a massive gap. But that gap won’t last forever. Goldman Sachs sees Mag 7 earnings growth cooling to 33% in 2024, while the rest of the market finally turns positive at 3%. Still a gap, but not as ridiculous.

2 months ago | moniify.com | Noorhan Abusamra |Ronojoy Mazumdar |Tim Hume

Market watchers will have a lot to take in this week.  In India, all eyes will be on whether the Reserve Bank makes a long-awaited rate cut. And in the US and the Gulf, there’ll be some big names revealing their earnings info — we’re talking Amazon, Alphabet and Emaar. Here’s what you need to be paying attention to. Alphabet and Amazon have their turn in the earnings spotlight this week, with some big numbers also expected from the AI and chip space, including AMD, Qualcomm and Palantir.