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Meta Platforms Inc (FB2A.DU)
| Previous close | 403.80 |
| Open | 401.85 |
| Bid | 405.35 x N/A |
| Ask | 405.60 x N/A |
| Day's range | 399.90 - 401.85 |
| 52-week range | 209.85 - 489.25 |
| Volume | |
| Avg. volume | 41 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 24 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Yahoo FinanceHow Big Tech is paying for its AI bets: Morning Brief
Big Tech companies have ramped up spending to compete on AI. They're compensating shareholders for the effort, too.
- Yahoo Finance Video
How tech giants play off of each other's earnings: Strategist
"Magnificent Seven" tech stocks, including Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT), issued earnings last week. Some of the reports announced plans for major capital expenditures toward the development of AI projects. Niles Investment Management Founder Dan Niles joins Catalysts to explore how tech giants benefit from each other's earnings reports, as well as the market's reaction to tech earnings. "Meta came out first, and they guided below the Street for next quarter's revenues, but then they took up their cap-x as well as their expenses. Google came out after that, and remember, Meta went down 11%, and Google initiated a dividend, which was great, but if you look at the forward numbers, actually, the estimates across the Street actually edged down for revenues for their upcoming June quarter as well. So, I think to some extent, Google benefitted from Meta going first, and if you look at Microsoft, sort of a similar situation, where the stock was up, I think, 2% or so the next day, but again, they came after Meta, and Microsoft's forward revenue numbers edged down slightly as well," Niles explained. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Fed rate hikes remain a 'remote' possibility: Analyst
As the Federal Reserve prepares to decide on rate cuts on Wednesday, markets are trading higher Monday. PGIM Fixed Income Co-Chief Investment Officer Gregory Peters joins The Morning Brief to provide insights into the rate cut outlook. Peters suggests that the Fed meeting on Wednesday may not be "all that interesting," as Chairman Jerome Powell may need to "walk back being more dovish" in light of the hot inflation data failing to align with the Fed's target. This scenario could compel the central bank to hold rates steady and refrain from implementing rate cuts. While Peters acknowledges the potential for a rate hike, he notes that "it's not the base case." The "root cause" of the Fed's rate-cut apprehension is "a positive story," Peters says. He points to the robust state of the economy, coupled with slightly higher inflation, as a backdrop that is "favorable for broad earnings." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
