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This week, four constituents of the “Magnificent 7” will report their earnings for the March quarter. Meta Platforms (META) and Microsoft (MSFT) will release their reports on April 30, and Apple (AAPL) and Amazon (AMZN) will release theirs on May 1.
The Q1 earnings season for the group began on a good note. While Tesla (TSLA) missed on both the top line and the bottom line, the stock soared after its Q1 earnings, after CEO Elon Musk announced that he would step back from his Department of Government Efficiency (DOGE) responsibilities to focus on Tesla.