Earnings Have Been So-So. Can the Mag Seven Turn Things Around?

Key Takeaways S&P 500 companies this earnings season have exceeded earnings estimates at a below-average rate and a narrower-than-average margin. Mentions of the "bottom" of the business cycle have surged on earnings calls while references to weak demand have declined, possibly signaling an inflection point for corporate earnings. Five of the Magnificent Seven will report earnings this week, with AI spending and monetization a likely focus for Wall Street. Corporate earnings are lagging a key historical ave ...