\” the strong delivery numbers despite production issues.\” He added that he expects the company to report lower margins due to increased costs and pricing pressure. Despite the challenges, Tesla remains a top pick for ARK Invest, which sees the company as a leader in the EV space with significant potential for growth. ARK Invest analyst Tasha Keeney said in a recent note that Tesla’s software and self-driving capabilities set it apart from competitors and give it a competitive edge. The company is also expanding its presence in China and Europe, which could drive future growth. In addition, Tesla’s energy storage business and potential entry into the insurance market are seen as potential catalysts for the stock. Overall, Tesla’s earnings report will be closely watched for updates on production capacity, delivery numbers, margins, and future growth prospects. Alphabet: October 28 EPS beat rate: 71%, per Bespoke Earnings day positive reaction: 71% of the time, per Bespoke Sales beat rate: 79%, per Bespoke Rating: 44/49 buy or strong buy, according to FactSet Upside to average PT: 12.7%, per FactSet Q3 stock performance: -2.2% Google parent Alphabet has faced headwinds in the third quarter, with shares slipping more than 2% as regulatory scrutiny and antitrust concerns weigh on the stock. However, analysts remain bullish on Alphabet, with the majority recommending a buy or strong buy rating on the stock. The average price target implies a 12.7% upside for the stock over the next year. Alphabet has a strong track record of beating earnings expectations, with a 71% beat rate according to Bespoke. The company has also posted a positive reaction on earnings day 71% of the time, suggesting that investors have confidence in the tech giant’s ability to deliver strong results. Alphabet’s advertising business remains a key driver of revenue growth, but the company is also investing in other areas such as cloud computing, autonomous vehicles, and healthcare. Analysts will be looking for updates on these initiatives and any potential impacts on future growth during Alphabet’s earnings call. In addition, regulatory challenges and antitrust investigations could pose risks to the stock, but Alphabet’s strong financial position and diverse revenue streams provide a solid foundation for long-term growth. Meta Platforms: October 24 EPS beat rate: 76%, per Bespoke Earnings day positive reaction: 61% of the time, per Bespoke Sales beat rate: 73%, per Bespoke Rating: 32/46 buy or strong buy, according to FactSet Upside to average PT: 21.2%, per FactSet Q3 stock performance: -7.9% Meta Platforms, formerly known as Facebook, has faced a challenging third quarter, with shares down nearly 8% as regulatory pressures and privacy concerns weigh on the stock. However, analysts remain bullish on Meta Platforms, with the majority recommending a buy or strong buy rating on the stock. The average price target implies a 21.2% upside for the stock over the next year. Meta Platforms has a strong track record of beating earnings expectations, with a 76% beat rate according to Bespoke. The company has also posted a positive reaction on earnings day 61% of the time, suggesting that investors have confidence in the social media giant’s ability to deliver strong results. Meta Platforms continues to invest in new growth areas such as the metaverse, virtual reality, and e-commerce, which could drive future revenue growth. Analysts will be looking for updates on these initiatives and any potential impacts on future growth during Meta Platforms’ earnings call. In addition, regulatory challenges and privacy concerns could pose risks to the stock, but Meta Platforms’ strong user base and advertising platform provide a solid foundation for long-term growth. Amazon: October 28 EPS beat rate: 72%, per Bespoke Earnings day positive reaction: 55% of the time, per Bespoke Sales beat rate: 67%, per Bespoke Rating: 47/51 buy or strong buy, according to FactSet Upside to average PT: 11.3%, per FactSet Q3 stock performance: -5.5% Amazon has faced headwinds in the third quarter, with shares slipping more than 5% as concerns about rising costs and competition in the e-commerce space weigh on the stock. However, analysts remain bullish on Amazon, with the majority recommending a buy or strong buy rating on the stock. The average price target implies an 11.3% upside for the stock over the next year. Amazon has a strong track record of beating earnings expectations, with a 72% beat rate according to Bespoke. The company has also posted a positive reaction on earnings day 55% of the time, suggesting that investors have confidence in the e-commerce giant’s ability to deliver strong results. Amazon’s cloud computing business, Amazon Web Services, remains a key driver of revenue growth, but the company is also investing in other areas such as logistics, streaming services, and healthcare. Analysts will be looking for updates on these initiatives and any potential impacts on future growth during Amazon’s earnings call. In addition, rising costs and competition from other e-commerce players could pose risks to the stock, but Amazon’s strong brand loyalty and customer base provide a solid foundation for long-term growth. In conclusion, the Magnificent Seven companies face a challenging earnings season as they navigate regulatory pressures, rising costs, and competition in their respective industries. However, analysts remain bullish on the stocks, with the majority expecting strong results and future growth potential. Investors will be closely watching the earnings reports and guidance from these tech giants to assess their performance and outlook for the coming quarters.\”
