'The Other 493' Set To Grow More Than 'Magnificent 7' This Earnings Season: Bank Of America - Benzinga
Benzinga
The 'Other 493' companies, outside the 'Magnificent 7' tech giants, are expected to show earnings growth in Q2, the first time in five quarters. This could broaden market gains as tech sector growth slows. Bank of America forecasts a conservative 2% beat on Q2 earnings, citing weak macroeconomic data.
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