‘Magnificent Seven' earnings expected to beat rest of S&P 500 — but that might not calm high-valuation fears

Core Viewpoint - The "Magnificent Seven" Big Tech stocks are projected to achieve significantly stronger earnings growth compared to the broader S&P 500 over the next 12 months, although this growth gap may begin to narrow in early 2024 [1] Group 1 - The "Magnificent Seven" includes major tech companies that are expected to outperform the S&P 500 in terms of earnings growth [1] - The anticipated earnings growth for these tech stocks is expected to be much stronger than that of the overall market [1] - There is an indication that the earnings growth gap between the "Magnificent Seven" and the S&P 500 may start to decrease in the near future [1]