Wall Street Brunch: Five Of The Mag 7 Ride Into Earnings Town
Five of the Magnificent 7 tech giants—Apple, Microsoft, Meta, Amazon, and Alphabet—are reporting earnings this week amid investor scrutiny over AI monetization, capital discipline, and leadership transitions. Apple's results are particularly watched due to concerns about its AI strategy and CEO succession. The Federal Reserve's FOMC meeting marks Jerome Powell's final decision as chairman, with markets eyeing signals on his future role and potential policy shifts as Kevin Warsh's confirmation nears a vote. Berkshire Hathaway also holds its annual meeting without Warren Buffett, following a period of underperformance relative to the S&P 500.
- ▪Apple, Microsoft, Meta, Amazon, and Alphabet are among 180 S&P 500 companies reporting earnings this week, with investor focus on AI strategy and execution.
- ▪Jerome Powell chairs his last FOMC meeting as Fed chairman, while Kevin Warsh awaits a Senate Banking Committee vote following the closure of a DOJ probe into Powell.
- ▪Prediction markets suggest high odds that Powell leaves the Fed Board of Governors before mid-2027, with potential implications for future monetary policy.
- ▪Berkshire Hathaway holds its first annual meeting without Warren Buffett after one of its worst performance stretches relative to the S&P 500 since 1965.
- ▪Cal-Maine, Morgan Stanley, and Costco go ex-dividend this week, offering income opportunities for investors.
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