This week was certainly the biggest of the quarter, with 4 of the 7 “Magnificent 7” announced including Meta, Apple, Amazon and Microsoft.
How did those stocks perform this week?
Two stocks rose and two fell, with Amazon the worst performer as it failed to generate revenue (its first failure in more than two years). The company also expects less robust growth going forward. A summary of this week’s changes and the change from its all-time highs is as follows:
- Meta +4.78%. Shares are down -10.20 from their all-time highs.
- Apple shares rose 1.98%, and the company’s shares are down 6.4% from their all-time highs.
- Amazon, -8.55%. Its shares are down -16.62% from their all-time highs.
- Microsoft shares are down -4.69%, and the company’s shares are down -13.21% from their all-time highs.
Last week, Alphabet and Tesla reported their financial results, and both companies also declined this week:
- Alphabet shares fell -1.13%, following a -6% decline last week. The company’s shares are down -13.8% from their highs.
- Tesla shares are down -5.55% in the past week, down -8.11%. The company’s shares are down -23.32% from their highs.
Nvidia will not report its financial results until August 28. But that hasn’t stopped it from falling sharply despite talk of increased capital spending. The stock is down -6.25% this week and is -24.82% below its all-time high.
Next week, Uber, Caterpillar, Super Micro Computers, Shopigy, and Disney will headline the results. Here’s the full list of major releases scheduled to be announced.
Monday
Before opening:
- Berkshire Hathaway
- The Carlyle Group
After closing:
- Palantir
- For him and for her
- Clear
- CSX
Tuesday
Before opening:
After closing:
- Supermicro
- Rivian
- Airbnb
- Wynn Resorts
Wednesday
Before opening:
- Shopify
- Walt Disney
- CVS Health
After closing:
Thursday
Before opening:
After closing:
Friday
Before opening:
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