Probably depends on Fed commentary.
.75 appears to be baked in. So if get that and Powell goes a little dovish in his outlook? The run probably continues.
200 DMA is somewhere between 4000 and 4100 I imagine?
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.75 appears to be baked in. So if get that and Powell goes a little dovish in his outlook? The run probably continues.
200 DMA is somewhere between 4000 and 4100 I imagine?
Making your own soup or at least using natural stock helps control unnecessary sodium. Something always good to watch out for!
That depends on what Powell says. Any hint of a pivot or just slowing down will cause the market to Kaboom.
Which I don't think he wants. So he could jaw bone a more hawkish outlook even if he foresees a pause in rate hikes (I'm doubting a pivot at this point).
They’ll slowly wind down rate hikes over the next year. It ain’t goin from .75 to 0. We probably have 1 or 2 more 75 bumps before sliding down to 50.
True, but canned soup uses more than needed since it has to be preservative as well. We get homemade chicken stock from a local farm market as much as possible. After Thanksgiving, they have a turkey stock which is f’ing amazing.
Sooner or later the data will speak louder than the Fed. Remember, markets normally figure out the pivot a few months before the Fed announces it.
Mostly Shop Rite but I go to all of them in the area on occasion
META getting crushed after hours too after announcing quarterly results.What day next week does the fed increase rates?
Ruff day for tech
The FED announcement comes out at 2:00 next Wednesday. Likely another 75 basis point increase.
1. META is perfect example of why buy and hold doesn’t work
2. WOLF just got a huge upgrade this week LOL…shows you how little these analysts really know
Ironically, still an okay day for the market. Lots of other green.What day next week does the fed increase rates?
Ruff day for tech
Sounds like META is giving everyone the middle finger and going fully into the metaverse. We shall see if they are right or wrong!
Josh Brown noted just after the earning came out and the stock was down 8ish%, that Snap also plummeted after their call, and is now up 20% since(still down from pre earnings levels).
Potential overreaction to the Meta report.
I own both Snap and Meta, so 2 big hits there, considered buying more SNAP when it was below, did not, should I add to META here?
Like GOOGL it is a company that makes billions.
GOOGL will be fine. As for META, definitely seems like an overreaction, especially since they beat on revenue and active users. They missed on earnings due to plowing their money into the metaverse. If you think this is a good idea, definitely buy more.
I thought the metaverse was terrible idea when they decided to concentrate on it. Always seemed like a fad or at best a niche play.
Now its pretty obvious to everyone but Zuck. His obsession with this is weird and the execution has been terrible.
Not sure it is a good idea, but I'll again cite Josh Brown, and he noted that NFLX was holding out against an add based platform, and the stock sunk, and they continued to hold out, and the stock sunk some more, finally they decide to go with an ad based platform and the stock is nearing a double from those lows.
Does Zuckerburg do a similar about face?
META is a strong buy around $95-100. Buy it for the long term. I'll be backing up the truck just like I did for Netflix a few months ago.
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Hard to believe how far META has fallen. ALGN crushed. WOLF crushed. GOOG…MSFT…So many stocks are getting obliterated. It’s only taken me 20 years of investing to finally realize that most of these analysts, advisors, hedge fund managers, etc. don’t know much more than most of us yet they make boatloads of money. In the past two weeks fund managers on CNBC talking up ALGN and WOLF. GMAFB. These guys are clueless. Unfortunately, it’s the crooked guys with inside info that prevail in the end, together with scum of the Earth like the SPAC King Chamath, who’s really nothing more than a pick-pocket billionaire. Chamath should be in jail as he led so many investors to the slaughterhouse.
+1
It's easy to forget how integrated big tech is in everyday life. FB and IG is indispensable for many people.
Better sell Netflix. I joined in August. Watched all the shows I wanted and cxl in September. They are not growing subscribers for the long term.
I think they're trying to change that narrative so the focus isn't on subscriber numbers. I'm not even sure they will be releasing guidance for those figures in the future. The focus will be on revenue and revenue growth, which is kind of a duh thing to me lol.
100 could be a psychological round number support but I think 70-85 area is better. We'll see if it gets there over time.
I tend to think he’s right on the basic thesis of the metaverse, they are just a-early and b- not exactly executing it at a high level. He seems likely to stay the course and he’s not someone I would bet against
What has he built that has proven people wrong? Besides the original FB which was obviously a great idea all the growth has been through acquisition.
They are so big he could make another acquisition or change direction but if he stays on this path its not going to work.
Well that shows building something isn't the end all. The right acquisitions will do just fine.
I'd say building and acquiring are synonymous in this case. He acquired Instagram for $1billion and people thought he was crazy. Its now worth 100x that. The same could end up being true for the Oculus acquisition and all of the subsequent smaller VR related purchases.
But that's my point. He has been trying to build it internally and that's why its failing. The Capex is insane. I also don't think the metaverse is the future, it's a small market. He is betting the farm on a niche.
Just watched Cramer melt down and apologize to the viewers for his META call. LOL.
