For the last year, the Magnificent 7 group of mega-cap tech stocks have been the driving force behind positive overall S&P 500 earnings growth.

For Q2 2024, Zacks earnings estimates see total tech sector earnings up +15.7% year-over-year on +9.6% higher revenues, which should help bolster S&P 500 earnings growth to +8.4%. Without tech, S&P 500 earnings would be about half that.

But with all the attention (and investor enthusiasm) focusing on the tech sector, other areas of the market—from small- and mid-caps to value stocks to other sectors with attractive earnings growth prospects—are arguably being undervalued.

Get our free report to learn about these potential opportunities in store for the second half of the year, plus more insights on the economy, markets, and more including:

  • Finding Investment Opportunities in the “Earnings Growth Gap”
  • 3 Storylines to Follow for Q2 2024 Earnings Season
  • Bottom Line for Investors
  • ...and much more!

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A Quick Word About Zacks

Zacks Investment Management has been helping investors meet their financial goals since 1992. Currently we are entrusted with billions in assets by investors just like you. These people turn to Zacks because of our ability to create customized portfolios with many top rated strategies by Morningstar.*

* These ratings were awarded by Morningstar on 4/1/2024 in respect of the period from strategy inception to 3/31/2024 (Inception Dates: All Cap- 2/1/1995, Focus Growth- 2/1/2003, Dividend- 4/1/2004, Mid and Small Cap- 5/1/2009). We do not compensate Morningstar to obtain this rating. However, we pay compensation to Morningstar to use their logo in connection with advertising this rating. Please see full disclosure at end of this document.