We are now in the thick of the Q3 earnings season, and Tesla (TSLA) has set the tone for “Magnificent 7” stocks with better-than-expected numbers. Next week is particularly busy for investors in the coveted group, as Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META), and Microsoft (MSFT) will all report their quarterly numbers.
With a YTD gain of 17%, Alphabet is the third worst-performing stock among the Magnificent 7 - faring worse than only Tesla, which has been oscillating between gains and losses, and Microsoft, which is up only about 13%. However, GOOG is the cheapest stock in the group, a dubious distinction that historically rested with the Facebook parent, Meta Platforms.
