Mag 7 Earnings Could Spark a Year-End Surge. What the Charts of Meta, Google, Amazon Say.

Amazon’s stock has lagged other Magnificent Seven names this year. (Sean Gallup / Getty Images)

Key Points

• Apple surged 4% yesterday, reaching a new all-time high and nearing Microsoft’s market capitalization.
• Meta Platforms is showing a bullish hammer candle, a sign of strength and buyer support.
• Amazon reclaimed its 200-day simple moving average, signaling a potential turnaround.

After a brief pause, one of the market’s key leadership groups, the Magnificent Seven, is firming up again. All components except Nvidia are scheduled to report earnings by the end of next week, and those results could set the tone for a year-end rally.

Apple opened the week with a 4% surge on Oct. 20, trading at double its average daily volume. The stock broke out of a bull flag formation to close at a new all-time high. The move puts it within striking distance of overtaking Microsoft as the world’s second-largest company by market capitalization. We noted just a couple of weeks ago that it’s hard to lean bearish when a mega-cap name like Apple is showing such technically sound price action.

Fellow Magnificent Seven member Meta Platforms, the company formerly known as Facebook, is up 25% year to date and now offers a modest 0.3% dividend yield. The stock broke out above a bull flag trigger at the very round $700 level on June 24 and has since been consolidating between $700 and $800. Respect the bullish hammer candle on Oct. 6, which dipped well below $700 before closing at session highs. That day also successfully filled the gap from the July 30 session. The company reports earnings after the close on Oct. 29 and will be seeking its fourth consecutive positive post-earnings reaction. The stock can be initiated here, with an opportunity to add above a double bottom pivot at $790.90. Remain bullish as long as it holds above $690.

Meta Platforms traded at $730.51 Tuesday.

Meta stock broke above a bull flag trigger in June and hasn’t looked back.

Amazon has been the laggard among the Magnificent Seven, down 1% in 2025 and currently trading 11% below its 52-week high. But signs of a potential turnaround are emerging. Notably, the stock rose on Monday despite a global outage in its Web Services division. From a technical perspective, the stock reclaimed its 200-day simple moving average to start the week. The last time it did this, on May 23 at the key $200 level, it kicked off a multi-week rally. This recent action offers a well-defined risk/reward setup. Amazon reports earnings after the close on Oct. 30, and it will be aiming for its first positive post-earnings reaction of the year. The stock can be purchased here, with an opportunity to add above $228.35. A move toward $245 by year-end is possible, and the technical picture remains constructive above $210.

Amazon traded at $222.06 Tuesday.

Amazon stock reclaimed its 200-day simple moving average this week.

Alphabet, the tech conglomerate behind Google, is having a strong 2025, up more than 35%, and now offers a modest 0.3% dividend yield. Last week, the stock showed standout relative strength, gaining 7% and easily outpacing the Nasdaq Composite’s 2.1% advance. Earlier this year, Alphabet struggled after a failed breakout above the very round $200 number, a bull flag that quickly unraveled into a bear trap, leading to a sharp pullback into April. However, the technical picture has since improved. A cup-with-handle base formed, and the $198.05 pivot was taken out on Aug. 8. The stock is now consolidating just above a double bottom trigger at $251.42. With earnings due after the close on Oct. 28, Alphabet could be setting up for a run toward the very round $300 level in early 2026. Stay bullish as long as the stock holds above $236.

Alphabet traded at $246.60 Tuesday.

Alphabet stock is having a strong 2025, here showing a cup-with-handle pattern.

Write to Doug Busch at douglas.busch@barrons.com