Newscasts - Results from 'non-Magnificent 7' companies key this earnings season

SGH

28/04/2025 20:44

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_mkv860ic&referenceId=tag:reuters.com,2025:newsml_RW997628042025RP1_930&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: Melissa Brown, managing director of investment decision research at Simcorp, said that while investors will be focused on Apple's earnings this week, it's results from automakers and other companies outside the so-called Magnificent Seven group that are "really going to tell us where the economy is likely to be headed."

Short Link: https://refini.tv/4cQXgiF

Video Transcript:

Apple is always going to have an outsized influence on everything because of its size relative to almost every other company in the market. Although I happen to think that, so we have seen people going out and buying cars. They probably have been going out and buying iPhones as well. But I think actually we're going to have to place a little bit more importance on the earnings of some non-Magnificent Seven companies like the auto companies, because that's really, I think, going to tell us where the economy is likely to be headed. Apple will probably have decent earnings no matter what.