Stocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, US Small Cap 2000. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Looking for more actionable trade ideas to navigate the current market volatility? Members of InvestingPro get exclusive ideas and guidance to navigate any climate.U.S. stocks tumbled on Friday to cap a losing week as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading.The blockbuster week ahead is expected to be an eventful one filled with several market-moving events, including key economic data as well as a flurry of heavyweight earnings reports.
Market participants expect a sizable swing in META stock following the print, as per the options market, with a possible implied move of about 9% in either direction. Shares rallied almost 6% after its last earnings report in mid-July.of analyst earnings revisions points to growing optimism ahead of Meta’s report, with analysts increasing their EPS estimates 22 times in the last 90 days, compared to just one downward revision.
As such, I believe Meta CEO Mark Zuckerberg will provide solid guidance for the months ahead despite the challenging operating environment, as the social media company reaps the benefits of its expanding user base, fresh AI initiatives, and growing adoption of reels.META stock - which rallied to a 2023 peak of $330.54 on October 12 - ended at $308.65 on Friday. At current levels, Meta has a market cap of roughly $795 billion, making it the sixth largest company trading on the U.S.
Revenue is expected to decline 2.6% annually to $1.1 billion, due to a weak performance in its core ads business, resulting from privacy changes in Apple’s iOS and growing competition from Chinese video-sharing app TikTok. Shares have underperformed the broader market this year, rising 5.5% in 2023, compared to the Nasdaq 100’s 33% gain., you can conveniently access a single-page view of complete and comprehensive information about different companies all in one place, eliminating the need to gather data from multiple sources and saving you time and effort.
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