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Stock impact report

US megacap results to test market's tech trade, profit optimism [Yahoo! Finance]

Ameriprise Financial, Inc. (AMP) 
Last ameriprise financial, inc. earnings: 1/29 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.ameriprise.com
Company Research Source: Yahoo! Finance
seek proof that strong profit growth will lift stocks this year, including evidence that artificial-intelligence investments are paying off. Reports are due from Microsoft, Apple, Facebook parent ?Meta Platforms and Tesla - four of the "Magnificent Seven" megacap companies whose bottom-line results broadly are key drivers of overall U.S. profits. The group is expected ?to post a 21.5% rise in earnings for the quarter, compared with a 5.3% gain for the rest of the S&P 500, according to Tajinder Dhillon, head of earnings research at LSEG. "Expectations are very ?high," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. "Particularly for Meta, Microsoft and Apple this week, there is less room for them to disappoint." The technology sector stalled in recent weeks, after the group had been the primary engine of the bull market that is entering its fourth year. Tech has been the worst-performing S&P 500 sector since the end of October. The benchmark index is up Show less Read more
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