The Globe and Mail reports in its Tuesday, Oct. 3, edition that Goldman Sachs strategists say strong upcoming earnings results could reverse the decline in megacap technology and growth stocks. A Reuters dispatch to The Globe reports that the so-called Magnificent Seven group of megacap stocks -- Apple, Microsoft, Amazon, Alphabet, Nvidia, Tesla and Meta -- have fallen 7 per cent over the last two months, compared with a 3-per-cent decline in the broad S&P 500, as Treasury yields jumped more than 60 basis points to 16-year highs. Those declines have pushed megacap forward price-to-earnings ratios down by a collective 20 per cent over the last two months, leaving them trading at their largest discount to the market based on long-term growth since January, 2017, Goldman Sachs said in a note dated Oct. 1. At the same time, the group is expected to post sales growth of 11 per cent in the third quarter, compared with a 1-per-cent improvement for the S&P 500, the firm noted. The megacaps have beaten consensus sales growth expectations 81 per cent of the time and have outperformed in two-thirds of earnings seasons since the fourth quarter of 2016, Goldman strategists said.