As earnings reports continue to be released, many investor eyes remain on the Magnificent Seven to hopefully produce positive results to continue the recent tech rally launching the S&P 500 (^GSPC).

Michael Arone, Managing Director of State Street Global Advisors, joins Yahoo Finance to discuss the performance of the Magnificent Seven during this earnings season and give insight into what investors should keep an eye on.

"We still like the technology sector. We like the fact that earnings momentum continues to be quite strong, price momentum continues to be quite strong. We like the AI phenomenon. We believe it's real. It will drive productivity gains. It will drive sales gains from that perspective," Arone explains. "Despite the rich valuations, tech has a lot going for it. We still like technology. But to balance that out a little bit, we do like energy companies and we also like industrials."

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Editor's note: This article was written by Nicholas Jacobino