The top tech stocks, known as the Magnificent Seven - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) have all reported their latest quarterly results. Following the reports, analysts revised their earnings estimates for upcoming quarters. Yahoo Finance Markets Reporter Josh Schafer explains how the Wall Street's views on the Magnificent Seven may be evolving. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Stocks popped last week on the back of Nvdia's (NVDA) stronger-than-expected fourth-quarter results. Wells Fargo Investment Institute Global Market Strategist Gary Schlossberg argues however that tech stocks may be getting ahead of themselves. "As we've seen with technology in the past, we have had the market run ahead and then go into something of a correction. And the timing and the extent of that correction could depend on what the Federal Reserve does, what the economy does, and for that reason, we are more guarded on technology," Schlossberg explains. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Stephanie Mikulich
Among the Magnificent Seven stocks to buy and watch, Apple, Nvidia and Tesla stock are in new buy areas.