The first of the "Magnifcent 7" stocks to report earnings is Alphabet Inc. (GOOGL). And it's the only name in the group signaling a neutral TREND within an otherwise bullish setup on the @Hedgeye Risk Ranges.
Hedgeye CEO Keith McCullough discussed the implications of the pending report on The Macro Show on Tuesday.
“I don’t care about beat or miss, that’s bullsh*t,” said McCullough. “What we care about is an acceleration or a deceleration in revenue growth for growth companies.”
While Google’s core ad revenue may fall short, a big focus will be on their AI initiatives. “I think that’s going to be the ongoing theme here is, ‘don’t look at the core, look at the AI.’”
Watch The Macro Show to stay updated on what you should really be watching out for this earnings season.
