FAAMG Stocks Fall 32% on Average During 1st-Half of 2022
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- Stocks hit by tech slide; yen flails at intervention zone
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Meta Platforms (META) to 'Dethrone TikTok as King of Short-Form Video,' states Truist
July 1, 2022 10:17 AM EDTIn a research note Friday, Truist analyst Youssef Squali said Meta Platforms (NASDAQ: META) is likely to dethrone TikTok as the king of short-form video within 18 months.
Squali reiterated a Buy rating and $320 price target on Meta.
"TikTok has leveraged its first mover advantage in short-form video (SFV) as social... More
