Meta Platforms Inc. (META) PT Raised to $300 at CFRA, 'valuation remains attractive'

Stock market today: Dow closes higher as tech shines after treasury yields stumble

Investing.com -- The Dow closed higher Thursday as tech resumed its advance supported by a drop in Treasury yields after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve pause next week.

The Dow Jones Industrial Average rose 0.5%, or 168 points higher, the Nasdaq rose 1%, and the S&P 500 was up 0.6%,

Initial Jobless claims unexpectedly rose 28,000 to 261,000, the largest jump since October 2021, pointing to signs of cooling in the labor market.

We remain of the view that the risk of a full-blown layoff cycle later in the Summer remains... More

Meta previews generative AI tools planned for its platforms

NEW YORK (Reuters) -Facebook owner Meta Platforms on Thursday gave employees a sneak peek at a series of AI tools it was building, including ChatGPT-like chatbots planned for Messenger and WhatsApp that could converse using different personas.

Company executives speaking at an all-hands meeting also demonstrated a coming Instagram feature that could modify user photos via text prompts and another that could create emoji stickers for messaging services, according to a... More

S&P 500 rides tech higher as Treasury yields slip on signs of cooling labor market

Investing.com -- The S&P 500 climbed Thursday as tech resumed its climb higher following a drop in the Treasury yields after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve pause next week.

The S&P 500 was up 0.6%, the Dow Jones Industrial Average rose 0.5%, or 180 points higher, the Nasdaq rose 0.9%.

Initial Jobless claims unexpectedly rose 28,000 to 261,000, the largest jump since October 2021, pointed to signs of cooling in the labor market.  

We remain of the view that the risk of a full-blown layoff cycle later in the Summer remains... More

GameStop, Meta Platforms fall premarket; Designer Brands, Lucid rise

Investing.com -- Stocks in focus in premarket trade on Thursday, June 8th. Please refresh for updates.

GameStop (NYSE: GME) stock fell 21% after the troubled video game retailer announced that it had "terminated" chief executive officer Matt Furlong and... More

Meta's (META) Voluntary Child Protection Seems Not To Work, EU's Breton To Tell Company, EU Official Says - Reuters

Meta's (META) Voluntary Child Protection Seems Not To Work, EU's Breton To Tell Company, EU Official Says - Reuters

After Aug. 25, Meta Must Show Measures To Comply With EU Online Content Rules Or Face Heavy Sanctions, EU's Breton To Tell Meta - Reuters

After Aug. 25, Meta Must Show Measures To Comply With EU Online Content Rules Or Face Heavy Sanctions, EU's Breton To Tell Meta - Reuters

Meta introduces broadcast tool Channels on WhatsApp

(Reuters) - Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a "private broadcast messaging product."

Users in Colombia and Singapore will be the first to receive access to Channels. Over the coming months, Meta will expand the... More

Wells Fargo Starts Meta Platforms Inc. (META) at Equal Weight

Wells Fargo analyst Ken Gawrelski initiates coverage on Meta Platforms Inc. (NASDAQ: META) with a Equal Weight rating.

For an analyst ratings summary and ratings history on Meta Platforms Inc. click here. For more ratings news on Meta Platforms Inc. click here.

Shares of Meta Platforms Inc. closed at $271.12 yesterday.

Data from Morgan Stanley reveals an increase in the adoption of Instagram and Facebook Reels

According to Morgan Stanley Research, the most recent data from MS AlphaWise indicates that the adoption of Meta Platforms' (NASDAQ: META) Instagram and Facebook Reels is on the rise, which is a positive indicator for long-term revenue growth. Additionally, platforms like Snap (NYSE:... More

Active options: META SOFI NFLX GOOG AFRM MARA UPST MRVL COIN BAC GME

Active options: META SOFI NFLX GOOG AFRM MARA UPST MRVL COIN BAC GME

Instagram and Facebook Reels (META) adoption rising, Morgan Stanley's data shows

Morgan Stanley analyst Brian Nowak on Meta Platforms (NASDAQ: META): "Latest MS AlphaWise data shows Instagram and Facebook Reels adoption rising, a positive for long-term revenue growth, with SNAP, YouTube Shorts, and TikTok also highlighting the continued ascent of short form video. In his... More

Instagram Helps Connect Network of Accounts Devoted to Underage-Sex Content, Investigations Find -- WSJ (META)

Instagram Helps Connect Network of Accounts Devoted to Underage-Sex Content, Investigations Find -- WSJ (META)

Active options: META PLTR SOFI SHOP BAC INTC MARA BABA DIS MSFT AI NIO AMC

Active options: META PLTR SOFI SHOP BAC INTC MARA BABA DIS MSFT AI NIO AMC

Meta Platforms (META) option implied volatility at low end of range

Meta Platforms (NASDAQ: META) 30-day option implied volatility is at 29; compared to its 52-week range of 29 to 78.

Apple (AAPL) should buy Disney (DIS) to drive adoption of Vision Pro - analyst

Needham & Company analyst Laura Martin once again pitched the idea of Apple (NASDAQ: AAPL) taking over Walt Disney (NYSE: DIS).

Yesterday, Apple unveiled its much-anticipated mixed reality (MR) headset Vision Pro. At one point during the presentation, Disney CEO Bob Iger appeared on stage to announce a partnership with Apple.... More