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S&P 500 Extends Winning Streak to Five Days on Trade Optimism

Date: April 29, 2025

The S&P 500 climbed about 0.3% on Tuesday, extending its five-day winning streak as investors awaited updates on U.S. trade talks. The Dow Jones Industrial Average rose 261 points, or about 1%, while the Nasdaq Composite advanced 0.2%. Treasury Secretary Scott Bessent offered few new details on trade deals with China but said talks with Japan are substantial and a framework with India could be near, press secretary Karoline Leavitt told reporters. Amazon (NASDAQ:AMZN) shares slipped after Leavitt warned that listing tariff surcharges on its site would be viewed as a hostile and political act. The company later said the plan is not going to happen. General Motors (NYSE:GM) stock slid about 2% after the automaker beat Q1 profit forecasts but suspended further buybacks and said it was reassessing guidance amid tariff uncertainty. Analyst Ross Mayfield of Baird said the market is likely to trade in a volatile, choppy range until more clarity on trade emerges. He sees the S&P 500 fluctuating between 5,100 and 5,700. About one-third of S&P 500 companies, including Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT), are set to report earnings this week, with Apple (NASDAQ:AAPL) and Amazon up next. This article first appeared on GuruFocus. View Comments

Elon Musk Wants Tesla To Be 'Most Valuable Company' In The World, But Top Investor Doubts EV Giant's Rise Without Apple-Style Marketing Strategy

Date: April 29, 2025

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Future Fund's noted investor, Gary Black, has raised questions over Tesla Inc.'s (NASDAQ:TSLA) marketing strategy as Elon Musk says his brand can be the “most valuable company” in the world. What Happened: The investor called into question Musk’s and the EV giant's approach in a post on social media platform X on Tuesday. Trending: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – with $1,000 you can invest at just $0.26/share! Black quoted Musk at the Q1 Earnings call in the post, sharing how the billionaire believed that Tesla could be the most "valuable company in the world," provided that it had the right execution. "How does TSLA become the most valuable company in the world without great marketing skills?" Black questioned the company's marketing tactics, which largely rely on Musk's presence in pop culture and media. He then went on to use Apple Inc. (NASDAQ:AAPL) as an example. "$AAPL built the most valuable consumer product in the world with iPhone with a good technology and great marketing skills," Black said. See Also: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Why It Matters: The investor had previously raised questions on Tesla's valuation following the Q1 earnings call. He had argued that Robotaxi's anticipated launch in June couldn't warrant billions of dollars in valuation for Musk's EV giant before drawing parallels with Alphabet Inc.'s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo. "GOOGL trades at 17.5x 2025 Non-GAAP EPS, while TSLA trades at 114x 2025 Non-GAAP EPS. TSLA’s robotaxi test with 10-20 cars employing remote drivers to some extent to ensure no mishaps does not YET warrant $ billions of robotaxi valuation potential," the investor said in his post on social media. Story Continues It's worth noting that Tesla recently pivoted its marketing strategy for the Cybertruck to position the vehicle as a working man's truck amid declining sales in the U.S. as well as instances of targeted vandalism at Tesla properties. Read Next: BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates. Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image via Shutterstock Send To MSN: Send to MSN This article Elon Musk Wants Tesla To Be 'Most Valuable Company' In The World, But Top Investor Doubts EV Giant's Rise Without Apple-Style Marketing Strategy originally appeared on Benzinga.com View Comments

Big Tech's moment of truth is here

Date: April 29, 2025

Photo: Scott Olson (Getty Images) The four horsemen of Big Tech — Apple, Amazon, Meta, and Microsoft — all report earnings this week, and the stakes couldn’t be higher. Together these companies command more than $9 trillion in market capitalization. That means they also exert outsize influence across the market, together making up roughly 19% of the S&P 500, more than 30% of the Nasdaq 100, and almost 12% of the Dow Jones Industrial Average (despite Meta not even being included in the latter). Their results steer the entire ship, not just tech. And recent months haven’t exactly been smooth sailing. Rising tariffs, slumping hardware sales, weakening consumer confidence, and lingering uncertainty over AI investments are all helping draw even more attention this earnings cycle. Here’s what to watch. Microsoft: It’s all about cloud margins and Copilot Bill Gates’ baby reports fiscal Q3 results Wednesday after the bell, with investors looking for evidence that its AI momentum and cloud strength can withstand the macro turbulence and uncertainty brought on by President Donald Trump’s tariffs. Wall Street expects earnings per share of about $3.22 on revenue of $68.4 billion, which would mark year-over-year gains of 8.8% and 10.6%, respectively. Azure cloud growth — expected around 30%, down from 40% last quarter — will be a focal point, especially as last quarter’s deceleration disappointed even amid strong overall results. Microsoft blamed supply constraints at its data centers, which are also being tasked with training and running AI workloads. Copilot monetization is another wild card: Investors want to know whether Microsoft’s AI tools are translating into real enterprise spending or are still stuck in the pilot phase. Despite — or possibly because of – the recent selloff in tech stocks, Microsoft is seen as relatively “derisked.” Jefferies notes the stock trades at about 24 times expected 2026 earnings, and Wedbush has called software “the safety blanket in this storm.” Still, with 55% of revenue tied to enterprise and PC segments, areas that face budget pressure across the board, even a modest miss or cautious guidance could sink shares — at least in the short term. Meta: Eyes on Reels revenue and ad trends Meta Platforms, the parent company of Facebook and Instagram, is also set to report its first-quarter earnings after the bell on Wednesday. Analysts are projecting EPS of about $5.22 on revenue of $41.35 billion, marking year-over-year increases of 11% and 13%. Advertising continues to be Meta’s primary driver, accounting for an eye-watering 96% of its total revenue. Hightower’s Chief Investment Strategist, Stephanie Link, highlighted the company’s strong fundamentals. She noted expectations of “20% total return growth and 40% operating margins,” and emphasized that with the stock down 6% so far this year and now trading at about 17 times 2026 earnings estimates, it may present a compelling value proposition. Wedbush analysts likewise remain optimistic about Meta’s prospects, citing robust digital ad spending and the company’s strategic investments in AI as key drivers of future growth. Story Continues Speaking of AI, on Tuesday Meta launched a standalone AI assistant app powered by its Llama 4 model, aiming to compete directly with offerings from OpenAI and Google (GOOGL). This move signals Meta’s plans to integrate AI across its platforms and enhance user engagement. But ongoing regulatory challenges also cloud the picture. In the U.S., the Federal Trade Commission has initiated an antitrust trial seeking to force the divestiture of Instagram or WhatsApp, alleging anti-competitive practices. Overseas, the European Union recently fined Meta €200 million (about $227 million) for violations of the Digital Markets Act, a decision the company plans to appeal. Amazon: AWS and margins vs. Trump tariffs Amazon reports earnings after the bell Thursday, and expectations are high — but political tensions and stock underperformance could complicate the picture. Wall Street is looking for EPS of $1.35, up 38% year-over-year, on $142.5 billion in revenue. The headline figure to watch is operating margin, especially in North America, where Amazon posted a record 4.4% last quarter. That momentum was powered by logistics efficiencies, increasing Prime engagement, and disciplined retail operations. As always, cloud will also be key. Amazon Web Services continues to drive (if not outright determine) the company’s overall profitability even as its growth rate moderates. Wedbush analysts say they expect strong cloud numbers and AI-fueled demand to drive upside, noting both Amazon and Microsoft are poised to hit “whisper expectations” on guidance. CEO Andy Jassy recently called Amazon “the world’s largest startup,” underscoring how the company sees itself: scrappy, fast-moving, and still evolving across AI, cloud, and retail logistics. Of course, Amazon’s real-world scale now puts it squarely in the political crosshairs. Trump’s new tariffs on imported goods could squeeze margins, and on Tuesday, Amazon made headlines for reportedly planning to display tariff costs at checkout — at least on its Haul site. The gesture suggests how visible and sensitive the costs of global trade have become. The business is still humming, but with shares down 15% year-to-date, Amazon needs more than a solid quarter — it needs a clear, confident signal that its long-term trajectory remains intact. Apple: Can iCloud make up for softer iPhone sales? Alongside Amazon, Apple will report earnings Thursday after the bell, and it may be the most closely scrutinized Big Tech release of the week. Wall Street expects Q1 EPS of $1.62, up 5.7% year-over-year, on revenue of around $90 billion, down about $5 billion from the year-ago quarter. Meanwhile investor sentiment is fragile. Despite a string of earnings beats, Apple stock is down 16% year to date — largely due to iPhone sales that continue to soften, especially in China, where competition from Huawei and regulatory friction are mounting. Services revenue — including iCloud, Apple Music, App Store fees, and other recurring streams — remains the bright spot, and analysts expect it to post double-digit growth. But with services accounting for only about one fourth of overall revenue, it’s likely not enough to offset sluggish hardware sales, which account for more than half of overall revenue. AI is the wild card. Apple has teased generative AI features coming in iOS 18, and investors will be listening closely for hints from CEO Tim Cook ahead of June’s WWDC. But tariff uncertainty also looms and many analysts expect that Apple won’t offer full-year guidance amid so much unpredictability. It’s a tricky balance for a $3 trillion company under pressure to prove it still has breakout potential. For the latest news, Facebook, Twitter and Instagram. View Comments

TSX edges higher after Liberals win parliamentary elections

Date: April 29, 2025

Investing.com -- Canada’s main stock exchange moved higher on Tuesday, as investors gauged the results from parliamentary elections and its potential impact on Ottawa’s trade negotiations with U.S. President Donald Trump. By 12:15 ET, the S&P/TSX 60 index had risen by 2.4 points, or 0.2%. Toronto Stock Exchange’s S&P/TSX composite index rose by 24 points or 0.1% on Tuesday. The index gained 88.1 points, or 0.4%, in the prior session, climbing into positive territory for the year. The average has been bolstered by hopes of an easing in global trade tensions. Canada’s Liberals, led by current Prime Minister Mark Carney, secured a victory over Pierre Poilievre’s Conservatives on Monday. It marked the culmination of a comeback for the Liberals, who have been boosted in polls by widespread outrage over Trump’s aggressive rhetoric towards Canada. Along with slapping tariffs on the U.S.’s northern neighbor, Trump has suggested that he could attempt to annex Canada and turn it into the 51st U.S. state. Canadians are shunning U.S. goods and avoiding trips to the country in response. Both Carney and Poilievre vowed to take a tougher stance with Trump, while investors have viewed both of the governments as offering a more business-friendly environment. U.S. stocks steadily higher U.S. stock indexes edged higher Tuesday, as investors cautiously awaited key economic data releases and first-quarter earnings from mega-caps including Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT). By 12:15 ET, the Dow jumped 289 points or 0.7%, the S&P enjoyed a 17.5 point or 0.3% increase, and the Nasdaq Composite was up 25.8 points or 0.2%. The major Wall Street indexes saw a choppy session on Monday, with the Dow Jones Industrial Average and S&P 500 eventually ending slightly higher and the NASDAQ Composite closing fractionally lower, as investors digested the latest comments on tariffs from U.S. Treasury Secretary Scott Bessent. In an interview with CNBC on Monday, Bessent said many countries have offered "very good" tariff proposals to the U.S. He also stated that all aspects of the U.S. government are in contact with China and that it is up to China to de-escalate the situation. This came after Beijing earlier denied that any talks occurred. Additionally, the Wall Street Journal reported that U.S. President Donald Trump is tipped to partially ease the effect of his tariffs on autos, blocking duties on cars made overseas from stacking on top of broader levies he has imposed. Story Continues In Tuesday’s earnings, General Motors Company (NYSE:GM) stock fell despite the auto giant reporting first-quarter earnings and revenue that topped analyst expectations, as it suspended its guidance and froze share buyback program in response to new Trump tariffs. Coca-Cola Co (NYSE:KO) stock rose despite reporting a drop in Q1 revenues, while United Parcel Service Inc (NYSE:UPS) declined on tariff concerns, even though results outpaced analyst expectations. Crude slips Oil prices fell as traders continued to fret over the economic outlook, given the ongoing global trade war, as well as scheduled increased supply. By 12:25 ET, Crude Oil WTI Futures dropped 2.5%, pricing in at $60.52 per barrel. Brent Oil Futures fell 2.3% to $63.30 a barrel. Crude was also pressured by Russia unexpectedly announcing a three-day ceasefire with Ukraine, which could help pave a path towards a bigger agreement. An OPEC+ meeting is also scheduled for next week, where the cartel is widely expected to increase production for a second consecutive month. Gold dips Gold prices slipped on Tuesday, after the WSJ reported that the Trump administration is planning to ease the impact of auto tariffs. In an interview with CNBC on Monday, Treasury Secretary Scott Bessent said many countries have offered "very good" tariff proposals to the U.S. He also stated that the Washington is in contact with China and that it is up to Beijing to de-escalate the situation. By 12:25 ET, Gold Futures dropped 0.6% to $3,327.79/oz, while XAU/USD lowered by 0.8% at $3,318.08 per ounce. Investors were also cautiously awaiting U.S economic indicators this week, which will include the Fed’s preferred inflation metric -– the PCE price index. Related articles TSX edges higher after Liberals win parliamentary elections Intel CEO Lip-Bu Tan charts foundry roadmap Meta launches standalone AI app amid intensifying AI race View Comments

Apple Stock Gets a Price Target Boost Before Earnings. The Tariff Risk Is No Surprise.

Date: April 29, 2025

During Apple’s earnings call this week, investors will be looking for updates on how President Donald Trump’s tariffs will affect the iPhone maker. Analyst Erik Woodring increased his price target on Apple to $235 from $220 on Tuesday, which implies a 12% increase from the stock’s last closing price of $210.14. Shares of Apple were rising 0.3% Tuesday to $210.74. Continue Reading View Comments

Market Chatter: Apple Sales Data Sought by Indian Agency Amid Probe on Amazon, Flipkart

Date: April 29, 2025

Apple (AAPL), Xiaomi and other smartphone companies were asked by India's Enforcement Directorate to PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in

A Look at Berkshire's Hyper-Focused Top 10 Holdings Before the 2025 Meeting

Date: April 29, 2025

Berkshire Hathaway (NYSE:BRK.A) heads into its May 3 shareholder meeting with its top 10 holdings still soaking up nearly 90% of its portfolioled by Apple (NASDAQ:AAPL) at 28.1%even as Buffett trims tech and boosts financial and energy bets.A Look at Berkshire's Hyper-Focused Top 10 Holdings Before the 2025 Meeting Apple's stake fell to 28.12% of the 2024 year-end portfolio from a peak of 40.81% in March, marking a 30% allocation cut in two quarters, while American Express (NYSE:AXP) climbed to 16.84% from 10.41% in Q1. Bank of America (NYSE:BAC) held steady near 11%, and Coca-Cola (NYSE:KO) drifted toward 9.3%, up from 7.4% in March. Chevron (NYSE:CVX) edged up to 6.43%, and Occidental Petroleum (NYSE:OXY) rose to 4.89%a clear nod to Buffett's recent energy pivot. The top 10 bracket again accounts for roughly 89.7% of total equitynearly unchanged from 91.2% in Q1underscoring Berkshire's concentrated approach. Moody's (NYSE:MCO) and Kraft Heinz (NASDAQ:KHC) remain in mid-single digits at 4.37% and 3.74%, respectively, while Chubb (NYSE:CB) and DaVita (NYSE:DVA) occupy the 23% slots. Over the past three quarters, Barclays data show AXP's weighting jumped 62%, CVX grew 10%, and OXY surged 27%, signaling fresh conviction in financials and oil. At the upcoming annual meeting in Omaha, investors will press Buffett on where new capital will flow in a choppier markettech giants versus cyclical sectorsand whether any fresh partners or buybacks lie ahead. Buffett's Q1 results also delivered $7.8 billion in investment gains, propping up adjusted EPS ahead of consensus, as detailed in Berkshire's earnings release and conference call transcript. Yet the shrinking Apple positionnow down 30% from its March highraises questions about the firm's tech exposure. Investors should care because Berkshire's top-10 mix sets the tone for $350 billion in equity allocations, influencing retail and institutional bets alike. A sustained overweight in energy and finance could underpin dividend-like returns, even as tech trimming signals caution. With the May 3 meeting just days away, all eyes will be on Buffett's long pick announcements and any hints at portfolio rebalancing, especially given his track record of rare but market-moving shifts. Explore Warren Buffett (Trades, Portfolio)'s detailed portfolio on GuruFocus using this link. This article first appeared on GuruFocus. View Comments

White House blasts Amazon for 'hostile and politic' tariff move

Date: April 29, 2025

Amazon (AMZN) is denying reports that it will display the impact of tariffs next to the price of products on its e-commerce site that drew the ire of the Trump administration on Tuesday. According to The Washington Post reporter Jeff Stein, Amazon said it was never considering adding the additional cost caused by tariffs next to the price of goods on its main website, but rather was contemplating doing so on its low-cost Amazon Haul site. Earlier on Tuesdsay, Punchbowl News reported that Amazon would show tariff-related price increases on goods. White House Press Secretary Karoline Leavitt called the move "a hostile and political act." Amazon stock was off 1% in early trading. NasdaqGS - Nasdaq Real Time Price•USD (AMZN) Follow View Quote Details 186.43 - (-0.68%) As of 10:51:33 AM EDT. Market Open. Advanced Chart On Monday, Reuters reported that some Amazon merchants were planning to pare back their participation in the company's Prime Day event this summer due to tariff uncertainty. "Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" Leavitt said following the Punchbowl News report. "And I would also add that it's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm." It's unclear which report Leavitt was referring to, but a 2021 report from Reuters said Amazon partnered with China's propaganda arm to sell some publications on its US site.Mark Zuckerberg, Jeff Bezos, Sundar Pichai, and Elon Musk arrive before the 60th Presidential Inauguration in the Rotunda of the US Capitol in Washington, D.C., on Jan. 20, 2025. (AP Photo/Julia Demaree Nikhinson, Pool)·ASSOCIATED PRESS "So this is another reason why Americans should buy American," Leavitt added. "It's another reason why we are onshoring critical supply chains here at home to shore up our own critical supply chain and boost our own manufacturing here." Amazon didn't respond to a request for comment by press time. Speaking earlier this month on CNBC, Amazon CEO Andy Jassy said when asked about tariffs, "We're going to try and do everything we can to keep prices as low as possible for customers." Asked about the company's contact with the Trump administration, Jassy said, "We [talk] to the administration all the time." "We share with them different ... things that we think matter to consumers, things that we would think matter to enterprises ... [We] have some conversations about tariffs as well. And we share what some of the concerns are and they're aware of them." Read more about Amazon's stock moves and today's market action. Amazon is set to report its quarterly results after the bell on Thursday. Analysts and investors expect to hear more from Jassy about how the company is working through the impact of both tariffs and the Trump administration's changes to the de minimis exemption. Story Continues The de minimis exemption lets companies ship items under $800 to the US without paying a duty. Trump had an acrimonious relationship with Amazon founder Jeff Bezos during his first term in office, frequently criticizing Bezos over the Washington Post's coverage of him. Bezos owns the Washington Post. Bezos has since met with Trump and attended his inauguration alongside Alphabet (GOOG, GOOGL) CEO Sundar Pichai, Apple (AAPL) CEO Tim Cook, Meta (META) CEO Mark Zuckerberg, and Tesla (TSLA) CEO Elon Musk. Amazon also donated $1 million to Trump's inauguration fund.Sign up for Yahoo Finance's Week in Tech newsletter.·yahoofinance View Comments

White House blasts Amazon for 'hostile and political' tariff move

Date: April 29, 2025

Amazon (AMZN) is denying reports that it will display the impact of tariffs next to the price of products on its e-commerce site that drew the ire of the Trump administration on Tuesday. According to Washington Post reporter Jeff Stein, Amazon said it was never considering adding the additional cost caused by tariffs next to the price of goods on its main website, but rather was contemplating doing so on its low-cost Amazon Haul site. Earlier on Tuesday, Punchbowl News reported that Amazon would show tariff-related price increases on goods. White House Press Secretary Karoline Leavitt called the move "a hostile and political act." Amazon stock was off 1% in early trading. NasdaqGS - Nasdaq Real Time Price•USD (AMZN) Follow View Quote Details 186.19 - (-0.80%) As of 11:31:56 AM EDT. Market Open. Advanced Chart On Monday, Reuters reported that some Amazon merchants were planning to pare back their participation in the company's Prime Day event this summer due to tariff uncertainty. "Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" Leavitt said following the Punchbowl News report. "And I would also add that it's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm." It's unclear which report Leavitt was referring to, but a 2021 report from Reuters said Amazon partnered with China's propaganda arm to sell some publications on its US site.Mark Zuckerberg, Jeff Bezos, Sundar Pichai, and Elon Musk arrive before the 60th Presidential Inauguration in the Rotunda of the US Capitol in Washington, D.C., on Jan. 20, 2025. (AP Photo/Julia Demaree Nikhinson, Pool)·ASSOCIATED PRESS "So this is another reason why Americans should buy American," Leavitt added. "It's another reason why we are onshoring critical supply chains here at home to shore up our own critical supply chain and boost our own manufacturing here." Amazon didn't respond to a request for comment by press time. Speaking earlier this month on CNBC, Amazon CEO Andy Jassy said when asked about tariffs, "We're going to try and do everything we can to keep prices as low as possible for customers." Asked about the company's contact with the Trump administration, Jassy said, "We [talk] to the administration all the time." "We share with them different ... things that we think matter to consumers, things that we would think matter to enterprises ... [We] have some conversations about tariffs as well. And we share what some of the concerns are and they're aware of them." Read more about Amazon's stock moves and today's market action. Amazon is set to report its quarterly results after the bell on Thursday. Analysts and investors expect to hear more from Jassy about how the company is working through the impact of both tariffs and the Trump administration's changes to the de minimis exemption. Story Continues The de minimis exemption lets companies ship items under $800 to the US without paying a duty. Trump had an acrimonious relationship with Amazon founder Jeff Bezos during his first term in office, frequently criticizing Bezos over the Washington Post's coverage of him. Bezos owns the Washington Post. Bezos has since met with Trump and attended his inauguration alongside Alphabet (GOOG, GOOGL) CEO Sundar Pichai, Apple (AAPL) CEO Tim Cook, Meta (META) CEO Mark Zuckerberg, and Tesla (TSLA) CEO Elon Musk. Amazon also donated $1 million to Trump's inauguration fund.Sign up for Yahoo Finance's Week in Tech newsletter.·yahoofinance View Comments

Mag 7: What the technicals are saying about Big Tech stocks

Date: April 29, 2025

As four of the Magnificent Seven prepare to release earnings results this week — Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), Amazon (AMZN) — the group of tech stocks has been noted to be underperforming a majority of their 200-day moving averages. Blue Chip Daily Trend Report chief technical strategist Larry Tentarelli comes on the Morning Brief to talk about Amazon's relationship with the broader retail sector and his cautious outlook on the Mag 7. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Video Transcript 00:00 Speaker A It's time now for today's strategy session. Earnings season in full swing with four magnificent seven members reporting this week. All but one of the Mag 7 stocks have fallen below their 200 day moving average. So what do the technical indicators spell out for what comes next? Joining us now, Larry Tentarelli. He's the chief technical strategist for the blue chip daily trend report. Larry, I think if we're talking about the Mag 7 this morning, I have to start with you on Amazon because this is a stock that is now dragging down the entire retail sector with it this morning. To what extent do you think that Amazon is able to pull out something in this earnings print this week that's going to allow them to be a positive bellwether for the Mag 7, despite the current market action that is very much related to Amazon as a retailer not as a tech company? 01:02 Larry Tentarelli Sure. That's a great question. I don't know that I've got a super clear answer for you. I think that the key thing is really going to be based on forward guidance. We really don't know what that's going to be. Amazon, because they're tied to the consumer, we're we're in uncharted territory because there is no blueprint for this tariff cycle right now. But I think it's going to be a very important tell for the sector. 01:42 Speaker A As you kind of look across some of the technical tells that are playing out within the tech sector at this juncture, of course two of those larger Mag 7 names in Nvidia and Apple were two of the first major companies, mega cap tech companies, to really initiate some of the pullback this year. Where are the technicals telling us now? 02:10 Larry Tentarelli So the Mag 7 still is not my favorite place to be. I see much stronger charts, Palantir, CrowdStrike, Netflix. The Mag 7, I think it got to be overowned. I think that a lot of foreign investors had parked money in the Mag 7 and as the US dollar has sold off, I think they've also sold the Mag 7 stocks. So the triple Q is still underneath the 200 day moving average. The S&P is. So I'm still, I don't like the Mag 7 that much yet, but I am open-minded that if the earnings come through and the stocks turn up, then that could be more positive. 03:07 Speaker A And do you think that there is potential for the opposite, for there to be much more downside for the Mag 7, given that you're already a little bit skeptical? 03:22 Larry Tentarelli I don't know if I'd say much more downside. So what we saw in the S&P 500 two weeks ago, highest weekly volume in 14 years, and it was a major upside reversal week. So historically, that's how many bear markets have bottomed. So I don't know that I'd say that there's major downside per se in the Mag 7, but I think we need to stay open-minded that if they if they're soft on guidance, you could see some downside. 04:03 Speaker A Is this still the year for sell in May and go away? Is that at play at all from what you're kind of seeing, especially given where investors have either been guided in the early kind of market correction to to buy on the dip versus what they're being guided towards now, which is sell the rally? 04:31 Larry Tentarelli Right. I think we're in a different market this year. So I can't say that sell in May, I think historically if we go back over the past 10 years, sell in May hasn't actually worked too well. I think this is a very high volatility news driven cycle. I do think last week we had a very bullish week and volatility is starting to come out of the market. But I think it's really very chart specific. I do think that the S&P and Nasdaq 100 are in a recovery phase. So I'm looking to buy the pullbacks as opposed to sell the rallies. 05:15 Speaker A Interesting. Larry, great to see you. Thanks for joining us in studio this morning. 05:21 Larry Tentarelli Thank you so much. 05:23 Speaker A Absolutely. Related Videos 02:16 S&P 493 earnings growth appears to be gaining as Mag 7 slows Yahoo Finance Video • 2 hours ago 01:04 Microsoft, Meta, Apple, Amazon: Mag 7 earnings to watch this week Yahoo Finance Video • 2 days ago 06:11 How to play Microsoft, Amazon earnings using options Yahoo Finance Video • 3 days ago 00:58 Alphabet Q1 beat, Meta Reality Lab layoffs, Intel's weak outlook Yahoo Finance Video • 3 days ago View Comments

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S&amp;P 500 Extends Winning Streak to Five Days on Trade Optimism

Elon Musk Wants Tesla To Be 'Most Valuable Company' In The World, But Top Investor Doubts EV Giant's Rise Without Apple-Style Marketing Strategy

Big Tech's moment of truth is here

TSX edges higher after Liberals win parliamentary elections

Apple Stock Gets a Price Target Boost Before Earnings. The Tariff Risk Is No Surprise.

Market Chatter: Apple Sales Data Sought by Indian Agency Amid Probe on Amazon, Flipkart

A Look at Berkshire's Hyper-Focused Top 10 Holdings Before the 2025 Meeting

White House blasts Amazon for 'hostile and politic' tariff move

White House blasts Amazon for 'hostile and political' tariff move

Mag 7: What the technicals are saying about Big Tech stocks

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S&P 500 Extends Winning Streak to Five Days on Trade Optimism