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Big Tech still rules profit growth in US
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US stock market rally broadening out beyond a handful of tech behemoths this year are bumping into a familiar reality: Those same megacaps remain Corporate America's most likely source of profit growth.
Tech's fourth quarter earnings season kicks off this week with results from Netflix, Tesla and Intel. The so-called Magnificent Seven are expected to deliver combined profit growth of about 46%, according to data compiled by Bloomberg.
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