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Investing Insights

Magnificent Seven Stocks: What’s Going on With Apple, Tesla, and Alphabet?

Investing Insights

Morningstar, Ivanna Hampton, Sarah Hansen

Bonds, Stocks, Analysis, Advice, Trading, Funds, News, Investment, Morningstar, Entrepreneurship, Mutual, Ideas, Etfs, Finance, Investing, Business, Economic, Independent, Christine Benz

4.2539 Ratings

🗓️ 3 May 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

Plus, what higher interest rates mean for investors and borrowers, and Morningstar’s outlook for Boeing’s stock.

Transcript

Click on a timestamp to play from that location

0:00.0

Please stay tuned for important disclosure information at the conclusion of this episode.

0:06.1

Here's what to head on this week's Investing Insights.

0:08.8

We're spotlighting three of the magnificent seven stocks, wire two trail in the pack, and when will one pay its first dividend.

0:16.5

Plus, what Morningstar thinks of Boeing's future, As the airplane maker recovers from past mistakes and

0:22.9

any signals from the Fed, Morningstar's senior U.S. economists will weigh in and share his economic

0:28.9

outlook. This is Investing Insights. Welcome to Investing Insights. I'm your host, Ivana Hampton. Let's get started with a look at the

0:41.2

Morning Star headlines. Alphabet will join other magnificent seven stocks like Meta and NVIDIA and pay a

0:48.3

dividend. Shareholders are set to receive their first quarterly payment on June 17th. Meanwhile, Alphabet reported a strong

0:56.9

first quarter. The Tech Giants total revenue increased 15% year-over-year versus 13% last quarter.

1:04.5

That continued the acceleration of the past year. While growth likely won't maintain this

1:10.1

quarter's pace, Alphabet's results position

1:12.8

it to exceed Morningstar's expectations for the year. Search advertising, YouTube advertising,

1:19.3

and the cloud business delivered impressive growth. Like meta, Alphabet is prioritizing its AI

1:26.2

technology. Alphabet is also setting the expectation

1:29.7

that capital investment will likely continue at its current pace, reaching nearly $50 billion.

1:37.2

However, the company is cutting jobs and consolidating teams to trim costs to blunt the impact

1:43.7

on profits. Morningstar thinks alphabet

1:46.3

shares are worth $179 up from $171.71. Shares look fairly valued. Boeing's first quarter

1:55.8

focused on recovering from past mistakes. Boeing's CEO, David Calhhoun says the airplane maker is asserting

2:03.0

control over its manufacturing discipline, and the Federal Aviation Administration's mandate

2:08.9

to publish a safe manufacturing plan by late May also prompted the action. Losses in the

2:15.7

quarter reflected necessary slowdowns at the company's 737

...

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