Meta Platforms, Inc. (META)
After hours:
| Previous Close | 481.07 |
| Open | 489.65 |
| Bid | 481.56 x 100 |
| Ask | 481.82 x 100 |
| Day's Range | 473.40 - 492.01 |
| 52 Week Range | 207.13 - 531.49 |
| Volume | |
| Avg. Volume | 17,353,866 |
| Market Cap | 1.222T |
| Beta (5Y Monthly) | 1.18 |
| PE Ratio (TTM) | 32.35 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.00 (0.42%) |
| Ex-Dividend Date | Feb 21, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
AI won't have 'huge' effect on Big Tech earnings: Strategist
This week will see a flurry of earnings reports from prominent Big Tech names, including Meta (META), Alphabet (GOOG, GOOGL), and Microsoft (MSFT). Synovus Trust Senior Portfolio Manager Dan Morgan and Creative Strategies CEO and Principal Strategist Ben Bajarin joined Market Domination to discuss the potential impact of artificial intelligence on Big Tech earnings. Bajarin highlights two main concerns: "Who's getting the most beneficiary lift from AI stocks?" and "Do we have outsized expectations of AI growth?" However, he believes tech earnings will see strong growth due to AI infrastructure investments. Bajarin expresses worry about potential volatility stemming from "the bubble-ish cycle of AI." He also notes that costs associated with AI innovation could be a factor affecting earnings. Morgan emphasizes that if investors look beyond the AI hype, Big Tech is "looking at very strong growth" across the core business models. While companies like AMD (AMD) and Nvidia (NVDA) do have substantial profit growth fueled by AI, Morgan notes that for earnings from names like Microsoft and Meta there won't be "a huge AI effect, in terms of like 30% growth coming from AI, but their core businesses are very strong." He adds that if the Federal Reserve were to refrain from cutting rates and inflation remains elevated, these tech giants "are delivering growth regardless of what the Fed is doing." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
Big 6 tech stocks downgraded by UBS on 'collapsing' earnings
UBS Chief Investment US Equity Strategist Jonathan Golub downgraded the "Big Six" tech stocks - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT) — from Overweight to Neutral citing "difficult comps and cyclical forces weighing on these stocks." In addition, Golub claims that the monumental earnings that catapulted these companies are "collapsing." Yahoo Finance Reporter Josh Schafer joins Market Domination to break down UBS' call on the majority of the Magnificent Seven tech leaders and what Golub forecasts for the tech sector in his note to investors. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Mag 7 is 'over-owned', trade on strength instead: Strategist
Big Tech is next on deck to report earnings results this week, injecting some enthusiasm into the stock market (^DJI, ^IXIC, ^GSPC) after April declines. Longview Economics CEO and Chief Market Strategist Chris Watling joins Yahoo Finance to share his insights on the market outlook. Watling notes that most corrections are "good things for the market," saying he wouldn't be surprised if volatility persists. Watling advises investors to "think about selling into strength" as he foresees shifts in the global market. He encourages investors to look beyond the Magnificent Seven tech stocks, stating: "Every man and his dog owns the Magnificent Seven, it's over-owned. We need to rotate into something else." Regarding the uncertain expectations for interest rate cuts from the Federal Reserve, Watling acknowledges that they have been continuously readjusted and priced out. However, he highlights that "there's plenty of upside" in many stocks, as the market is in a rate-cutting cycle. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
