Earnings season is in full swing, with several big-name reports ahead. Two "Magnificent 7" stocks are in the spotlight today ahead of their quarterly results, and we'll take a closer look at both below.
Meta Platforms Stock Rebounds Ahead of Earnings
Meta Platforms Inc (NASDAQ:META) is trading 2.4% higher this afternoon, ahead of the company's third-quarter earnings report, due after the close today, Oct. 21. The shares are rebounding after a five-day losing streak and now sport a 7.7% gain for 2026.
Following its last 12 earnings reports, Meta Platforms stock finished the next session higher six times, averaging a 0.5% gain. For today's report, analysts expect earnings of $5.74 per share on revenue of $63.4 billion.
Alphabet Stock Slides Ahead of Earnings
Alphabet Inc (NASDAQ:GOOGL) is moving 2% lower this afternoon as investors prepare for the tech giant's quarterly report, due after the close on Wednesday, Oct. 28. The $333 level has emerged as support, while the 120-day moving average has thwarted several rallies over the past few months.
Following its last 12 earnings reports, Alphabet stock finished the next session higher six times, averaging a 0.7% loss. For next Wednesday's report, analysts expect earnings of $2.99 per share on revenue of $124.6 billion.
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