OTR Global Comments on Meta Platforms (META)

Nasdaq 100 rebalance will benefit these 7 stocks - Wells Fargo

July 11, 2023 9:18 AM EDT

Wells Fargo analyst Christopher Harvey reflected on the upcoming Nasdaq 100 (NDX) Special Rebalance that is taking place on Friday, July 21.

A Special Rebalance is usually conducted to address overconcentration in the index by redistributing the weights. This particular move is focused on reducing concentration risk and reducing the dominance of the Big Seven, namely Microsoft (NASDAQ:... More

Amazon, WD-40, JPMorgan and Zillow rise premarket

July 11, 2023 8:35 AM EDT

Investing.com -- U.S. futures edged higher Tuesday, continuing the positive start to the week with investors awaiting more comments from Fed officials as week as key inflation data.

Here are some of the biggest premarket U.S. stock movers today:

Amazon... More

Meta (META) on a win streak as new transatlantic data transfer deal removes 'key risk'

July 11, 2023 7:13 AM EDT

In addition to its new "Twitter Killer" Threads app, analysts are pointing to another recent "win" for Meta Platforms (NASDAQ: META). Wells Fargo analyst Ken Gawrelski said news on Monday that the EU approved a new transatlantic data transfer agreement "removes a key regulatory risk" for the company in the 2nd-half of the year.

"The agreement, which will take effect... More

Nasdaq-100 Special Rebalance as the Pendulum Has Swung Too Far - Wells Fargo

July 11, 2023 6:42 AM EDT

Wells Fargo analyst Christopher Harvey on the announced Nasdaq-100 special rebalancing: "The upcoming NDX rebalance is reducing concentration risk but creating uber-cap selling pressure. With uber-caps overbought, near-term liquidity demands will likely weigh on the group. In 2011, down-sized names lagged by 2-3% between announcement and event. Our Index Strategists estimate... More

Key 2H Regulatory Risk Avoided with Approval of New Transatlantic Data Transfer Agreement - Wells Fargo on Meta

July 11, 2023 6:34 AM EDT

Wells Fargo analyst Ken Gawrelski on Meta Platforms (NASDAQ: META): "The EU approved a new transatlantic data transfer agreement (Mon 7/10), which takes effect immediately. The new pact removes a key regulatory risk for Meta in the 2H and will allow the company to continue its current practice in the EU."

... More

Meta's Instagram to bring branded content tools to Threads - Axios

July 11, 2023 5:34 AM EDT

(Reuters) - Meta Platforms's Instagram is planning to bring its branded content tools to Threads, Axios reported on Tuesday, citing a source familiar with the matter.

Such tools will help marketers collaborate with influencers on paid partnerships on the social media platform while advertising is unavailable.

... More

Meta Platforms Inc. (META) PT Raised to $270 at New Street Research

July 11, 2023 4:10 AM EDT

New Street Research analyst Dan Salmon raised the price target on Meta Platforms Inc. (NASDAQ: META) to $270.00 (from $220.00) while maintaining a Neutral rating.... More

Stock market today: Dow starts week on solid footing ahead of key inflation data

July 10, 2023 4:44 PM EDT

Investing.com -- The Dow closed higher Monday, rebounding from a slip last week as investors awaited key economic data due later this week expected to show a slowdown in inflation ahead of the Federal Reserve's monetary policy meeting later this month.

The Dow Jones Industrial Average gained 0.6%, or 209 points, the Nasdaq fell 0.2%, and the S&P 500 rose 0.2%.

Inflation in June expected to slow, but Fed likely will lift rates

Consumer and wholesale inflation reports due Wednesday and Thursday, respectively, are expected to show that monthly price... More

S&P 500 inches higher ahead of inflation data

July 10, 2023 2:51 PM EDT

Investing.com -- The S&P 500 inched higher Monday ahead of inflation data this week that will play a role in the Federal Reserves thinking on monetary policy later this month.

The S&P 500 rose 0.1%, the Dow Jones Industrial Average rose 0.50%, or 189 points, and the Nasdaq was up 0.1%.

Inflation in June expected to slow, but Fed likely will lift rates

Consumer and wholesale inflation reports due Wednesday and Thursday, respectively, are expected to show that monthly price pressures picked up pace in June,... More

Judge Refuses To Pause Ban On US Agency Social-media Contacts - Bloomberg

July 10, 2023 1:08 PM EDT

Judge Refuses To Pause Ban On US Agency Social-media Contacts - Bloomberg

... More

5 internet stocks to own ahead of Q2 earnings season - Wolfe Research

July 10, 2023 9:18 AM EDT

Ahead of the Q2 earning season that is officially due to start later this week, Wolfe Research analyst highlighted 5 tech stocks that should find a way into your portfolio.

For Q2 2023, the estimated earnings decline for the S&P 500 is -7.2%, which would mark the largest earnings decline reported by the index since Q2 2020.

The focus of Wolfes analysts is on the Online Ads and eCommerce sector. Along these lines, analyst Deepak Mathivanan highlights the following 5 stocks:

Meta Platforms (NASDAQ: META) Mathivanan has an Outperform rating and a $150 per... More

Meta Platforms, Icahn Enterprises, Fisker rise premarket; FMC falls

July 10, 2023 8:38 AM EDT

Investing.com -- U.S. futures traded largely flat Monday, at the start of a week that includes the release of key inflation data. which could guide the Federal Reserve with its monetary policy, as well as the start of the new quarterly earnings season.

Here are some of the biggest... More

Evercore says Threads could generate $8B in 2025 revenue for Meta as number of users exceeds 100M

July 10, 2023 6:43 AM EDT

Meta Platforms (NASDAQ: META) new Threads app has exceeded 100 million users, becoming the fastest-ever app to hit this mark. OpenAIs ChatGPT needed about 2 months to attract 100 million users, while Threads got there in 5 days.

The Threads launch has been way beyond our expectations, CEO Mark Zuckerberg said... More

Meta Platforms (META) Threads could have 200 million DAUs, generate $8 billion in revenue by 2025 - Evercore ISI

July 10, 2023 5:40 AM EDT

Evercore ISI analyst Mark Mahaney on Meta Platforms' (NASDAQ: META) Threads: "On 7/5, Meta launched its Twitter-like, text-based app Threads with a splash, amassing close to 100MM users in just over 3 days. Its way too early to say how large or profitable... More

Threads Has 70 Million Sign Ups, Zuckerberg Says - Bloomberg

July 7, 2023 11:47 AM EDT

Threads Has 70 Million Sign Ups, Zuckerberg Says - Bloomberg

... More

Tesla, Levi Strauss fall premarket; Meta, Alibaba and Rivian rise

July 7, 2023 8:34 AM EDT

Investing.com -- U.S. futures traded largely unchanged Friday, with investors cautious ahead of the release of the widely watched monthly official jobs report, which could provide more clues as to the Federal Reserve's intentions at its next meeting later this month.

Here are some of the biggest premarket U.S. stock movers... More

Top 7 companies buying back the most stock

July 7, 2023 7:48 AM EDT

As the Q2 earnings season is set to start, investors will also get a glimpse into how corporate share repurchase plans are progressing. While stock buybacks are sometimes viewed as controversial, the greatest investor of all time Warren Buffett is a big proponent of them.

"The math isnt complicated: When the share count goes down, your interest in our many businesses goes up," Buffett said about share repurchases in his 2022 annual letter to shareholders. "Every small bit helps if repurchases are made at value-accretive prices." He went on to say that those that criticize share repurchases are "either... More

Twitter rival Threads overtakes ChatGPT as the most rapidly downloaded app ever - BofA

July 7, 2023 7:34 AM EDT

Bank of America analyst Justin Post reiterated a Buy rating on Meta Platforms (NASDAQ: META) after Threads a Twitter rival launched on Wednesday attracted over 30 million registered users in less than 24 hours.

As a result, Threads has become the most rapidly downloaded app ever, overtaking OpenAIs ChatGPT.

Post notes that the download frenzy was fueled by many celebrities joining Threads and posting screenshots of the app on their other social media accounts.

Strong early user traction is exceeding our... More

Jobs report ahead, Twitter threatens Meta over Threads - what's moving markets

July 7, 2023 5:53 AM EDT

Investing.com -- Investors look ahead to the publication of the latest U.S. nonfarm payrolls report, hoping that the data will provide some clues into the Federal Reserve's policy outlook. Elsewhere, Twitter threatens to bring a lawsuit against Meta over the Instagram owner's new Threads app, while the Chinese government reportedly gears up to impose a $1.1 billion fine on fintech titan Ant Group.

1. Nonfarm payrolls loom large

Attention will likely zoom in on the unveiling of the June nonfarm payrolls report later today, with investors attempting to suss... More

Threads fastest downloaded app ever, overtakes ChatGPT - BofA

July 7, 2023 5:50 AM EDT

BofA analyst Justin Post on Meta Platforms (NASDAQ: META) rolling out Threads: "In less than 24 hours, the app had more than 30mn registered users, becoming the most rapidly downloaded app ever, overtaking ChatGPT. To kick-start theapp, Meta had given many celebrities, brands and... More

Meta Platforms (META) option implied volatility as shares near record high

July 7, 2023 4:44 AM EDT

Meta Platforms (NASDAQ: META) 30-day option implied volatility is at 52; compared to its 52-week range of 29 to 74.

... More