We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The first two Magnificent 7 stocks are reporting this week: Alphabet and Tesla.
Alphabet has beat 9 consecutive quarters while Tesla has missed 2 quarters in a row.
Tesla is trading at 186x while Alphabet is among the cheapest of the Mag 7, at 19.4x.
This is an important week for earnings as Wall Street is moving beyond the banks to every other industry. The first two Magnificent 7 stocks are reporting this week in Alphabet and Tesla.
But in addition to those two large cap stocks, there are dozens of other S&P 500 large cap companies who will also be reporting.
But all eyes will be on Alphabet and Tesla. It is a tale of two different paths for these two mega-cap companies.
Alphabet Versus Tesla: Who is the Bigger Earnings Winner?
Alphabet has a solid earnings surprise track record, having beaten 9 consecutive quarters. However, Tesla has missed on earnings two quarters in a row.
Alphabet is one of the cheapest of the Mag 7 stocks, but Tesla is one of the most expensive on a price-to-earnings (P/E) basis. Earnings are going in different directions for the two companies as well.
Will Alphabet and Tesla earnings be market movers this week?
2 Magnificent 7 Stocks to Watch This Week: Alphabet and Tesla
Alphabet owns YouTube and has an AI product in Google AI and Gemini. It has only missed on earnings 4 times in the last 5 years. Alphabet has now put together a nice earnings surprise streak, of 9 beats in a row.
Alphabet shares have lagged the S&P 500. It’s up just 0.4% year-to-date and over the last year is up just 7%. Alphabet trades with a forward P/E of just 19.4, which is below the 21.7x of the S&P 500.
Alphabet’s earnings are expected to rise another 18.8% this year after jumping 38.6% last year.
Will Alphabet beat again and put to rest some of the fears about AI?
Investors and traders of Tesla have never cared if the company beat on earnings. It has missed two quarters in a row, but Tesla still trades with a forward P/E of 186. A P/E over 20 is considered expensive.
While shares of Tesla are down 19% year-to-date, they are off recent lows and are still up 37.3% over the last year. Earnings are expected to fall 27% this year after falling 22.4% last year.
Will the Street brush off Tesla’s weak earnings in favor of the future with autonomous cars, robotaxis and robots?
[In full disclosure, Tracey owns shares of GOOGL in her personal portfolio.]
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
2 Mag 7 Earnings This Week: Alphabet and Tesla
Key Takeaways
This is an important week for earnings as Wall Street is moving beyond the banks to every other industry. The first two Magnificent 7 stocks are reporting this week in Alphabet and Tesla.
But in addition to those two large cap stocks, there are dozens of other S&P 500 large cap companies who will also be reporting.
But all eyes will be on Alphabet and Tesla. It is a tale of two different paths for these two mega-cap companies.
Alphabet Versus Tesla: Who is the Bigger Earnings Winner?
Alphabet has a solid earnings surprise track record, having beaten 9 consecutive quarters. However, Tesla has missed on earnings two quarters in a row.
Alphabet is one of the cheapest of the Mag 7 stocks, but Tesla is one of the most expensive on a price-to-earnings (P/E) basis. Earnings are going in different directions for the two companies as well.
Will Alphabet and Tesla earnings be market movers this week?
2 Magnificent 7 Stocks to Watch This Week: Alphabet and Tesla
1. Alphabet Inc. (GOOGL - Free Report)
Alphabet owns YouTube and has an AI product in Google AI and Gemini. It has only missed on earnings 4 times in the last 5 years. Alphabet has now put together a nice earnings surprise streak, of 9 beats in a row.
Alphabet shares have lagged the S&P 500. It’s up just 0.4% year-to-date and over the last year is up just 7%. Alphabet trades with a forward P/E of just 19.4, which is below the 21.7x of the S&P 500.
Alphabet’s earnings are expected to rise another 18.8% this year after jumping 38.6% last year.
Will Alphabet beat again and put to rest some of the fears about AI?
2. Tesla, Inc. (TSLA - Free Report)
Investors and traders of Tesla have never cared if the company beat on earnings. It has missed two quarters in a row, but Tesla still trades with a forward P/E of 186. A P/E over 20 is considered expensive.
While shares of Tesla are down 19% year-to-date, they are off recent lows and are still up 37.3% over the last year. Earnings are expected to fall 27% this year after falling 22.4% last year.
Will the Street brush off Tesla’s weak earnings in favor of the future with autonomous cars, robotaxis and robots?
[In full disclosure, Tracey owns shares of GOOGL in her personal portfolio.]