🦉 3 reasons to buy Meta stock ahead of earnings
Meta Inc (NASDAQ: META) reports Thursday of next week in what will be one of the more closely watched reports of the year so far. The tech giant ended 2023 on a high, and its rally has, for the most part, continued into 2024, with shares up close to 10% on where they started the year. Yesterday saw them set a fresh all-time high, topping 2021’s effort, so it’s clear expectations are high from the street for a knockout report. Buying into a stock ahead of a fresh earnings report can be risky business, as earnings tend to be binary and rarely neutral. .
Equity markets continue to advance, although the signs of weakness persist. Wednesday's S&P 500 action included a gap up at the open followed by weakening throughout the day. The S&P 500 set a new high and closed with a gain, but the candle is red and suggests resistance to higher prices remains in the market.
The next market catalyst comes out today, with another major market-moving event tomorrow. Today's news is the initial read on Q4 GDP, which is expected to be positive. Analysts expect GDP to have advanced 2.0% in Q4, and the forecast may be light given the strength in retail sales. Friday's catalyst is the PCE price index, which may also be hot. Regardless, analysts forecast the core PCE price index to accelerate compared to the prior month and keep the FOMC in a hawkish stance. The risk for the market now is that the FOMC will make its first interest rate cut much later than expected, possibly not until Q4 this year or later.
Meta Inc (NASDAQ: META) reports Thursday of next week in what will be one of the more closely watched reports of the year so far. The tech giant ended 2023 on a high, and its rally has, for the most part, continued into 2024, with shares up close to 10% on where they started the year. Yesterday saw them set a fresh all-time high, topping 2021’s effort, so it’s clear expectations are high from the street for a knockout report. Buying into a stock ahead of a fresh earnings report can be risky business, as earnings tend to be binary and rarely neutral.
The Biden administration proposed banning another type of bank "junk fee" on Wednesday, targeting fees that are typically charged by banks when a transaction is declined in real time.It's the second major proposal by the Consumer Financial Protection Bureau over fees that Americans sometimes run into when they bank, following the bureau's announcement that it plans to reduce overdraft fees to as little as $3.The CFPB's proposal focused on a narrower set of transactions: when a customer tries to withdraw money, send a payment immediately, or make a purchase, and that transaction is declined at the time of the transaction due to lack of sufficient funds.
The rally in the spot price of uranium that began in 2023 is heating up in the first month of 2024. On January 15, the spot price of uranium broke the $103 level, a 16-year high. For uranium miners, having the price of uranium over $100 makes mining operations profitable. The primary reason for the interest in uranium is that it's essential for creating nuclear energy, which is the cleanest form. In addition to being used to power nuclear power plants, enriched uranium can go into naval ships and submarines and used as a counterweight for aircraft control surfaces and radiation shielding. That explains the demand side of the equation.
The dot-com crash… the housing bubble… the COVID crash… but we’ve still never seen anything like what’s coming for artificial intelligence in as little as three months. It’s called the Singularity – and it refers to the exact millisecond when AI breaks free from its shackles to grow BILLIONS of times more powerful than humans.
CSX's fourth quarter profit slipped 13%, but the railroad hauled slightly more freight and kept its trains running smoothly.The Jacksonville, Florida-based railroad said it earned $886 million, or 45 cents per share, during the quarter. That's down from $1.02 billion, or 49 cents per share, a year earlier. The results for the latest quarter were in line with the average of analysts surveyed by FactSet Research.The volume of shipments the railroad delivered rose 1% even with all the uncertainty in the economy, while it posted the best service performance in the industry. CSX said its trains wer...
Financial technology (fintech) has transformed how we handle money. Investing in fintech is now more appealing than ever, thanks to cutting-edge payment solutions and revolutionary blockchain technology. Fintech companies are paving the way for a new era of financial services. As the industry continues to proliferate, savvy investors seek opportunities to ride this wave of innovation. But with so many fintech ETFs, how do you pick the ones that will propel your portfolio to new heights? Check out our list of top fintech ETFs that could revolutionize your investment strategy and help you ca...
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Switzerland's financial markets authority is getting a new chief executive as the rich Alpine country looks at ways to strengthen regulations after UBS hurriedly took over ailing rival Credit Suisse last year partly to prevent a global banking meltdown.The Swiss government on Wednesday selected Stefan Walter, a 59-year-old German national who was director-general of the European Central Bank for the last decade, to head the Swiss financial authority known as FINMA. The agency played a key role, along with government officials and bank executives, in striking the megamerger worth 3 billion Swiss francs ($3.48 billion) after Credit Suisse customers rapidly pulled out their money following years of scandals.
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