Four Magnificent Seven stocks report quarterly financial earnings this week, setting up for potential high volatility among technology sectors and several of the top market indexes. A poll of Benzinga viewers picks which report may be the top one to watch.
Magnificent Seven Earnings on Deck
It’s a busy week for earnings, with many top names reporting quarterly financial results, including four Magnificent Seven stocks. Here are the reports to watch this week.
While all four reports could be important to investors and the overall markets, Benzinga asked its viewers to pick which report they might be most closely watching this week.
"Which Mag 7 earnings report are you watching closest this week?" Benzinga asked viewers of Tuesday’s "PreMarket Playbook" episode.
The results are:
- AMZN: 33%
- AAPL: 26%
- MSFT: 23%
- META: 18%
Of the more than 200 votes, Amazon.com won the poll with a third of the votes. This comes with Amazon one of the two Mag 7 stocks reporting this week that is currently up year-to-date. The other positive 2026 performer of the four (Microsoft) ranked second with 26% of the vote.
Overall, it was a fairly close vote.
"PreMarket Playbook" runs daily Monday through Friday on Benzinga’s YouTube page at 8 a.m. ET and is hosted by Ryan Faloona.
Importance to Markets
The four Magnificent Seven stocks make up large percentages of three of the major stock market indexes and the ETFs that track them.
In the SPDR S&P 500 ETF Trust (NYSE:SPY), the four stocks make up 18%, with the following weightings:
- Apple: 7.8%, second largest holding
- Microsoft: 4.5%, third largest holding
- Amazon.com: 3.6%, fourth largest holding
- Meta: 2.1%, eighth largest holding
In the Invesco QQQ Trust (NASDAQ:QQQ), the four stocks make up 19.9% of assets, with the following weightings:
- Apple: 8.3%, largest holding
- Microsoft: 4.8%, second largest holding
- Amazon.com: 4.2%, fifth largest holding
- Meta: 2.9%, 10th largest holding
Three of the four stocks are also members of the Dow Jones Industrial Average. The three stocks in the index make up the following holdings in the SPDR Dow Jones Industrial Average ETF (NYSE:DIA):
- Microsoft: 4.4%, fifth largest holding
- Apple: 3.8%, ninth largest holding
- Amazon.com: 2.7%, 17th largest holding
Based on percentages in the three ETFs, Apple would be the most important earnings report of the four this week. Microsoft ranks second and is a top five holding in all three ETFs.
Stock Performance
The poll emphasized the stocks with the best year-to-date performance in 2026. Here are the current YTD returns of the four stocks:
- AMZN: +2.2%
- AAPL: +25.4%
- MSFT: -15.6%
- META: -8.6%
While Benzinga readers are most interested in Amazon.com and Apple, an argument could be made that Microsoft and Meta stocks have more upside after a strong beat-and-raise and positive capex commentary, given the shares are currently lagging the overall market.
Watch Tuesday’s “PreMarket Playbook” episode below:
Image via Shutterstock
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