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Meta Platform Expands in Vietnam, AI Innovation at the ForefrontMeta Platforms (NASDAQ: NASDAQ:META ) is continuing its aggressive push into artificial intelligence (AI) and global markets with its latest investment in Vietnam. In a strategic move announced on October 1st, Meta will expand its operations in the country, focusing on AI innovation and manufacturing its new generation of mixed reality headsets by 2025. This development has quickly captured the attention of investors, with Meta's stock price rising nearly 1% following the news, reflecting the market’s optimism surrounding the company’s expansion plans. AI Innovation and Mixed Reality Production As part of its Vietnam expansion, Meta (NASDAQ: NASDAQ:META ) is set to begin production of its latest mixed reality device, the **Quest 3S**, starting in 2025. While the company has not disclosed the exact size of its planned investment or its existing footprint in Vietnam, the move aligns with Meta’s overarching vision of transforming itself into a leader in AI and immersive technologies. Vietnam’s growing tech-savvy population, with millions of small businesses and consumers already using Meta’s platforms, provides a fertile ground for Meta to innovate and scale its products. Meta’s president of global affairs, Nick Clegg, emphasized that the investment is not just about hardware production but also about advancing AI technologies. The firm is already testing AI tools such as "business AI for Messenger" and may soon localize its platforms by introducing a Vietnamese language version, further embedding itself into the region. Meta’s AI Strategy and Stock Momentum This expansion is part of CEO Mark Zuckerberg’s long-term strategy to position Meta as a leading force in the AI space. Meta's ongoing investments in AI, including its reality labs and next-gen headsets, show the firm’s commitment to diversifying beyond social media into more advanced technology sectors. Meta's focus on AI has proven to be a strong driver for its stock price. As of October 1st, NASDAQ:META stock closed the market session up 0.7%, trading at $572.44. The company has been on a strong upward trajectory, with monthly gains of around 11% and a 16% rise over the past six months. With its stock trading above key moving averages, the bullish momentum is clear. Analysts have projected a target price of **$811** for Meta, highlighting continued optimism surrounding the company’s aggressive AI and hardware expansion. Investors see this Vietnam move as a critical step in expanding Meta’s production capabilities and technological advancements, strengthening the firm's long-term growth potential. Technical Overview From a technical perspective, Meta’s stock continues to climb, bolstered by its solid fundamentals. The stock has remained in a rising trend pattern, reaching new highs consistently. However, the Relative Strength Index (RSI) currently sits at 75.73, which indicates overbought conditions. This suggests that while momentum remains strong, traders should exercise caution as a potential pullback could occur if the stock corrects from its overbought levels. Nonetheless, the stock is trading above crucial moving averages, signaling continued strength in the upward trend. Should Meta maintain its current pace and achieve the expansion targets laid out in Vietnam, the stock may continue to test new highs, approaching its projected price targets. Strong Growth Prospects Meta’s investment in Vietnam underscores the company’s broader ambition to be a global leader in AI and hardware production. The company's fundamentals remain strong, with robust financials and a proven ability to innovate and scale. Vietnam represents a vital hub for Meta's expansion into new markets, both in terms of production capacity and as a growing tech ecosystem. As the firm continues to drive AI advancements and expands its hardware portfolio, its long-term growth prospects appear more promising than ever. Conclusion Meta’s expansion into Vietnam, focused on AI innovation and the production of cutting-edge mixed reality devices, is a strategic move that aligns with its long-term vision. With its stock trading at elevated levels and analysts forecasting further gains, Meta is positioned to continue its upward trajectory. However, investors should keep an eye on potential short-term volatility. Nonetheless, the company's strong fundamentals and aggressive global expansion efforts make it a compelling player in the tech and AI sectors.
NASDAQ:METALong
by DEXWireNews
meta going downanother trillion market cap companie, as the rest of them all apart of msft that has head and shoulders, all of them have the same pattern, an perfect droping in price pattern, that has the major indexes as well, so a coming drop in price is comming, if not corrected in the next days, going up a lot and in the thecnical indicators, because all of my technical indicatpors has a big divergence on the price and the indicator value, causing an sentiment of eminent drop in price, again do your research, this is not an investment idea, this is only my point of view, that the market is in a eminent drop in value, that can sp500 reach 2300 points again, do your research, and do your investment as your research says what you found out, but this is my point of view,
NASDAQ:METAShort
by Carlosdrcunha
Meta Platforms (NASDAQ: $META) Breaks Out to New HighsMeta Platforms (NASDAQ: NASDAQ:META ) has been making waves in both the tech and stock markets as the company continues its growth trajectory with strong fundamentals and new product launches. Following a successful Connect 2024 conference, Meta's stock surged to an all-time high, driven by bullish investor sentiment around its cutting-edge innovations in AI, augmented reality (AR), and smart eyewear. The company, led by CEO Mark Zuckerberg, is not only deepening its collaboration with EssilorLuxottica, the maker of Ray-Ban smart glasses, but it has also unveiled an array of groundbreaking products that are set to shape the future of digital interaction. Meta’s AI & AR Push Meta (NASDAQ: NASDAQ:META ) has been in the spotlight recently due to its heavy investments in artificial intelligence and augmented reality. The company's partnership with EssilorLuxottica for developing smart eyewear is set to evolve with potential symbolic investments from Meta, signaling their commitment to a long-term relationship. Mark Zuckerberg expressed confidence that EssilorLuxottica could transition from being the world’s premier glasses company to becoming a significant player in the technology space. The demand for the Ray-Ban Meta smart glasses has far surpassed expectations, with sales reportedly three to five times stronger than anticipated. This surge in demand highlights Meta’s growing dominance in wearable tech and AR, especially as it continues to expand its product lineup with the unveiling of **Orion AR glasses** at the Connect 2024 event. In addition to its hardware innovations, Meta (NASDAQ: NASDAQ:META ) is leveraging its AI infrastructure to enhance its core social media businesses—Facebook and Instagram. The introduction of AI-driven features, including partnerships with celebrities like Awkwafina, John Cena, and Judi Dench for new AI assistants, demonstrates the company’s focus on integrating advanced technology into everyday user experiences. These developments have already translated into increased advertising revenue and boosted Meta’s stock by **60%** this year alone. Technical Outlook: NASDAQ:META Breaks Key Levels with Room to Run Meta stock (NASDAQ: NASDAQ:META ) has been on a strong upward trend, breaking out of a five-month ascending triangle earlier this month. This breakout, combined with above-average trading volume, signals strong bullish momentum as the stock continues to climb. Meta shares surged to a record high of $576.88 on Wednesday and are up 1.55% in premarket trading on Thursday, currently sitting at $568.31. The Relative Strength Index (RSI), a key indicator of stock momentum, has entered overbought territory at 73, signaling that the stock’s upward movement may face some short-term resistance. A pullback could be expected in the near term, but overall, the long-term outlook remains positive as Meta's innovations and product launches continue to drive investor interest. Key Levels to Watch: Support and Resistance Investors should keep an eye on the $545 level, which previously served as a resistance point and could now act as a key support level. A potential pullback to this zone would present a buying opportunity for traders who prefer to enter after corrections rather than chase breakouts. Moreover, the unfilled gap-up pattern from January 2024 is worth noting. This gap could act as a magnet for price action in the event of a correction, providing another possible entry point for investors looking to capitalize on Meta’s long-term growth potential. Conclusion: Meta’s Bright Future in AI and AR Meta’s continued dominance in both the AI and AR spaces positions it for significant growth in the coming years. The company’s investments in cutting-edge technologies like smart eyewear, AI-driven social media features, and AR glasses are already paying off, as evidenced by its record stock performance and stronger-than-expected product demand. Technically, the stock remains in a rising trend pattern, with room to reach the projected price targets of $700 and $790. However, with the RSI in overbought territory, a near-term pullback may be imminent. Investors should watch for buying opportunities near support levels like $545, which could provide an attractive entry point for those looking to ride the wave of Meta’s tech-driven momentum.
NASDAQ:METALong
by DEXWireNews
META - Still Bullish, But Major Sell Signal LoomingHere is what I am watching on META. -Like many of the other high flying stocks in the US, the Quarterly, Monthly & Weekly charts are flashing divergence sell setups. Bulls need not be too worried yet, as these divergence sell setups have not yet confirmed. However, the astute trader must be aware that these setups are looming, because if they confirm, they imply a minimum 15% move to the downside for Meta. -We are bullish on any pullbacks into the 446 to 495 range (Monthly & Weekly MAC lows). These are considered Buying opportunities and valid areas to look for entry triggers on entry timeframes. -Cycles suggest a cyclical high right around now, heading into a significant cyclical low in early to mid October (possibly into November). I'd like to see this cycle play out to have price trade down into the Monthly/Weekly MAC lows, where we will be ready to hunt entry triggers to the long side.
NASDAQ:METALong
by Tradius_Trades
Meta and Spotify Criticize EU’s AI Decisions Stock up 3.53%On Thursday, Meta (NASDAQ: NASDAQ:META ), along with Spotify and several other tech companies, voiced strong criticisms against the European Union’s approach to data privacy and artificial intelligence (AI) regulation. In an open letter, these firms, along with researchers and industry bodies, claimed that the EU's decision-making has become "fragmented and inconsistent," warning that Europe risks falling behind in the global AI race. The Regulatory Clash: Meta and GDPR Tensions Meta (NASDAQ: NASDAQ:META ), which owns Facebook, Instagram, and WhatsApp, has been at the center of data privacy controversies in Europe, especially under the General Data Protection Regulation (GDPR). Recently, Meta (NASDAQ: NASDAQ:META ) halted its plans to collect data from European users to train its AI models due to pressure from privacy regulators. This followed a record-breaking fine of over one billion euros for breaching privacy rules. The company, along with other tech giants, has delayed the release of AI products in the European market, seeking clarity on legal and regulatory frameworks. For instance, Meta delayed the launch of its Twitter alternative, Threads, in the EU, while Google has also held back on AI tool rollouts in the region. The open letter signed by Meta, Spotify, and others calls for "harmonized, consistent, quick, and clear decisions" from data privacy regulators to enable European data to be used in AI training. The companies argue that without a coherent regulatory framework, the EU could lose its competitive edge in the global AI landscape, falling behind regions like the U.S. and China, which have been advancing rapidly in the field. Meta’s AI Ambitions and Strategic Moves Meta’s criticisms of the EU regulations come at a time when the company is heavily investing in AI technologies to enhance its social media platforms and introduce new products. AI is at the heart of Meta’s push toward the metaverse and other cutting-edge innovations. The company’s reluctance to release certain AI products in Europe is a direct result of the regulatory uncertainty, which hampers its ability to fully capitalize on its technological advancements. With the EU’s AI Act coming into force this year, it aims to curb potential abuses in AI usage, but this stringent regulation may slow down innovation and delay product launches in the region. Meta and other tech giants believe that clearer rules will help unlock the potential of AI while protecting user privacy. Technical Outlook: A Bullish Meta Stock Poised for Continued Growth From a technical perspective, Meta’s stock ( NASDAQ:META ) has been on a stellar upward trend since November 2022, and it doesn't show signs of slowing down. As of the time of writing, the stock is up 3.66% and has entered overbought territory with an RSI (Relative Strength Index) of 70.54. This indicates that the stock may be poised for a temporary cool-off. The stock's rise has been bolstered by broader market optimism, including the recent decision by the Federal Reserve to cut interest rates. This move is expected to benefit the tech sector, with Meta standing to gain significantly. With lower borrowing costs, tech companies like Meta (NASDAQ: NASDAQ:META ) can continue their aggressive expansion into AI and metaverse-related technologies. Meta’s stock (NASDAQ: NASDAQ:META ) also exhibits a gap-up pattern that hasn’t been filled, suggesting a potential correction or consolidation period. Additionally, the stock has been consolidating since February 2024, indicating a potential bullish continuation pattern. However, with the RSI in overbought territory, investors should watch for a short-term pullback to cool off the stock before resuming its upward trajectory. Meta’s AI Potential Amid Regulatory Uncertainty Meta (NASDAQ: NASDAQ:META ) is navigating a complex regulatory environment in the EU while continuing to make strides in AI and technological innovation. Despite the challenges posed by GDPR and the AI Act, Meta remains well-positioned for long-term growth, with its stock reflecting strong momentum. However, short-term volatility due to regulatory decisions and technical factors may present buying opportunities for investors. As Meta (NASDAQ: NASDAQ:META ) continues to push the envelope in AI and the metaverse, the company’s future success will largely depend on its ability to navigate these regulatory waters while maintaining its innovation edge.
NASDAQ:METALong
by DEXWireNews
META: Targeting $700 at least by the end of the year.META platforms is bullish on its 1D technical outlook (RSI = 63.256, MACD = 7.090, ADX = 26.657) as it is making a healthy rebound on the 1D MA50. The 1 year Channel Up is posting recurring phases inside it and at the moment we are on similar grounds as early December 2023. Even the 1D RSI is identical between phases. Technically that suggests that the Channel Up can top on a HH after a +92% rise from the bottom but having the 0.618 Fibonacci level as a clear Rising Resistance, we will settle for a TP = 700.00 by the end of the year. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:METALong
by InvestingScope
Meta (Facebook) Price AnalysisMeta’s price is approaching a key daily resistance level. If we get a breakout above this resistance, it could signal the start of a strong upward move, with potential to target the next r level. Key points to watch: Breakout above the daily resistance: This could lead to a continuation of the uptrend. If the breakout happens, the price may target the next level on the chart. It’s crucial to watch the price action closely to confirm the breakout!
NASDAQ:METALong
by rebenga93
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises. Zooming in, we can observe a range building since February 2024. This range has been respected multiple times so far, and it seems likely to continue. However, the small breach of the top looks somewhat like a Swing Failure Pattern (SFP) and could be a signal of profit-taking by many traders. If we breach through the $440 level, we could see a change of structure if a candle closes below it. If this happens, it would confirm our analysis. Until then, we might see higher prices as this is technically still a bullish trend within this range. Another small indicator supporting our view is the bearish divergence on the RSI. While RSI is a good indicator with a high win rate, it’s not infallible, so this scenario might not play out. Still, this seems the most likely outcome to us at the moment.
Editors' picks
NASDAQ:METAShort
by freeguy_by_wmc
5
META Market Insight: META (Meta Platforms, Inc.) In our June 5th, 2024 forecast, we advised a sell slightly after the market’s peak. Though not the highest point, this decision preserved investor capital and provided better re-entry opportunities. Key Points: • First Green Line (October 7th, 2024): A buying opportunity as the market calms, offering a favorable entry. • First Red Line (December 9th, 2024): A signal to consider taking profits or reducing exposure, preparing for potential turbulence. • Second Green Line (February 10th, 2025): A time to reinvest or add to positions during a period of growth. • Second Red Line (March 24th, 2025): Another cautionary moment, where safeguarding gains could be prudent. These lines guide us, much like subtle signs in life, helping navigate the markets with both faith and strategy.
NASDAQ:META
by trushkovskiy
Meta chart analysis Meta Platforms soared nearly 22% in late day trading on Thursday, nearing the $500B market cap level, after the Zuckerberg-led company's fourth quarter results and guidance were better than feared. The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish than expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. Rosenblatt Securities analyst Barton Crockett upgraded Meta to buy from neutral and raised his price target to $220 a share from $104, stating the company now has the "durability" to receive a premium earnings multiple. "With Meta reaching 3.74B people monthly, it has durability that over time could confer a premium multiple," Crockett wrote in a note to clients. To emphasize Meta's worldwide presence, Crockett added that the company's monthly reach is equal to 47% of the global population. Crockett said that another thing in Meta's favor is that company is "unlevered, and following the maturing company playbook to a normal mix of debt and equity could open up meaningfully higher share repurchase." In conjunction with its quarterly results and guidance, Meta announced a new $40B share buyback program. Bank of America analyst Justin Post boosted his rating on Meta to buy from neutral and raise his stock price target to $220 a share from $160, while praising the more efficient mindset from company management. J.P. Morgan analyst Doug Anmuth reiterated his overweight rating on Meta (META) and raised his price target to $225 a share, noting that the company is "building critical muscle" to operate as a disciplined company. Analysts were expecting Meta (META) to earn $2.23 per share on $31.69B in revenue. Zuck said the progress Meta is making on its artificial intelligence discovery engine and Reels is being seen in the strong engagement in its apps. we will have a little correction (zuck back) then ready for higher targets like 190, 195, 197 and 200$
NASDAQ:METALong
by moonypto
25
Meta Shares Surges on Impressive Q2 Earnings & AI-Driven FutureMeta Platforms ( NASDAQ:META ) experienced a notable 6% increase in its stock price following the release of its second-quarter earnings, which exceeded Wall Street expectations and presented an optimistic revenue forecast. The company's strategic investments in artificial intelligence (AI) are starting to deliver substantial returns, boosting confidence among investors.** Strong Financial Performance Meta reported a 22% increase in revenue for the second quarter, reaching $39.07 billion, up from $32 billion the previous year. This figure surpassed analysts' expectations of $38.31 billion. Additionally, the company's net income soared by 73%, rising to $13.47 billion, or $5.16 per share, compared to $7.79 billion, or $2.98 per share, in the same period last year. Analysts had predicted earnings per share of $4.73. For the upcoming third quarter, Meta anticipates revenue to range between $38.5 billion and $41 billion, with a midpoint of $39.75 billion, again topping the average analyst estimate of $39.1 billion. AI Investments Paying Off Meta's leadership, including CEO Mark Zuckerberg and CFO Susan Li, highlighted that the company's substantial investments in AI are already yielding positive results. Zuckerberg noted that AI is enhancing content recommendations and improving advertising effectiveness, which he believes holds significant future potential. The company's advancements in AI are expected to unlock new revenue opportunities, including higher ad conversion rates, new digital assistants, and multimodal content creation. Analysts at Baird emphasized that Meta's business remains robust, benefiting from years of AI-related investments. Similarly, Bank of America analysts view Meta as the leading AI player in the consumer internet space, citing evidence of strong ad growth and increased user engagement, particularly among younger demographics. Capital Expenditures and Future Prospects Meta has increased its capital expenditure forecast for the year to between $37 billion and $40 billion, up from the previous low-end estimate of $35 billion. This increase is primarily driven by spending on AI infrastructure, which is producing tangible business results. Barclays analysts noted that while the investment community is currently accepting the high AI capital expenditures, these investments are expected to bring new and exciting products that are not yet reflected in revenue forecasts. Market Reaction Meta's stock saw a premarket surge of over 7.5% following the earnings announcement. This rally marks a significant turnaround from the reaction to the previous earnings report in April when concerns over slower growth and high AI spending led to a sharp decline in stock price. The positive sentiment around Meta's recent performance and future prospects has reversed this trend. Meta's Frankfurt-listed shares also experienced a rise of more than 7%, indicating strong international investor confidence. Zuckerberg’s Wealth and Market Context Meta's strong performance has also positively impacted CEO Mark Zuckerberg's net worth, which increased by $4 billion to an estimated $166.6 billion. Zuckerberg is currently the fifth richest person globally, behind Larry Ellison, Bernard Arnault, Jeff Bezos, and Elon Musk. Broader Market Trends Meta's success stands out against a backdrop of mixed results from other tech giants. Microsoft, Tesla, and Alphabet (Google's parent company) all saw declines in their share prices following their recent earnings reports, reflecting investor skepticism about the immediate payoffs from their AI investments. However, Meta's results suggest that strategic and well-executed AI investments can indeed deliver substantial short-term benefits. Looking Ahead As Meta continues to leverage its AI capabilities to drive growth and innovation, the company's future looks promising. Investors will be keenly watching the upcoming earnings report from Amazon, another major player expected to reveal significant AI-related capital expenditures. The broader tech industry's focus on AI underscores the transformative potential of this technology, with Meta currently leading the charge in demonstrating its value. Conclusion Meta's impressive second-quarter performance and optimistic outlook highlight the company's successful navigation of the evolving digital landscape through strategic AI investments. As Meta continues to innovate and expand its AI capabilities, it stands poised to capitalize on new revenue opportunities and maintain its position as a leader in the tech industry.
NASDAQ:METALong
by DEXWireNews
META History repeating Double Bottom leading to $800.Meta Platforms (META) almost hit its 1D MA200 (orange trend-line) yesterday, a Support level that has been holding since February 01 2023. With the long-term pattern being a Channel Up since the November 04 2022 market bottom, yesterday's Low is similar to the Double Bottom on Meta's previous Accumulation phase on October 26 2023. That day's Low started the 2nd Bullish Leg of the Channel Up that peaked on April 08 2024 after a +95.14% rise. This is the exact same % rise as the Feb 24 2023 - July 28 2023 Bullish Leg, which was the 1st of the Channel Up. As a result, this is technically the most optimal buy opportunity on a long-term basis for META, with a technical Target at $800.00 (+95.14% as the previous 2 Bullish Legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Editors' picks
NASDAQ:METALong
by TradingShot
10
$META it was fun while it lasted. Sub $300 coming soon.NASDAQ:META had a good run, but now that run is coming to an end. I started buying puts today when price was at $524. I bought 6/21 $300P. There's a chance price could break the current highs, but it wouldn't change my bias. I think starting later this month, we're going to start to see a large move down in META. Overall, I think there's a possibility that price goes down below where it was in 2022 at the $78 level for a final bottom. I think it's also possible that it could play out this year. All that said, let's take things week by week from here. I'll probably buy some lottery tickets that expire end of year just incase the most bearish scenario plays out. Good luck to bulls from here on out. It's not going to be pretty.
NASDAQ:METAShort
by benjihyam
48
Meta Platforms Unpacking Growth Potential Amidst Market HeadwindMeta Platforms presents a compelling case study for investors navigating a dynamic market environment. While robust analyst expectations for earnings growth paint a promising picture, recent stock price performance has lagged behind broader market trends. The key factors influencing Meta's trajectory, include: Market Underperformance: Meta's stock has exhibited relative weakness compared to the S&P 500 and the technology sector. Encouraging Earnings Forecasts: Analysts anticipate significant year-over-year growth in both EPS and revenue. Strategic Growth Initiatives: Meta's substantial investments in artificial intelligence (AI) and virtual reality (VR) technologies position the company for future expansion. Regulatory Landscape: The company faces potential headwinds from regulatory hurdles in Brazil and the possibility of stricter antitrust enforcement. Politically Charged Environment: The reinstatement of former President Trump's social media accounts adds a layer of complexity to Meta's public relations strategy. Financial Strength: Meta boasts a robust balance sheet with a high gross profit margin, demonstrating a strong financial foundation. Undervaluation Potential: Meta's current P/E and PEG ratios suggest potential undervaluation relative to its projected earnings growth. Key Discussion Points Will Meta's upcoming earnings report on July 31st meet or exceed analyst expectations? How will regulatory developments in Brazil and potential antitrust actions affect Meta's operations? Can Meta successfully translate its AI and VR investments into tangible revenue streams? To what extent will the evolving political climate impact Meta's user base and advertising revenue? Based on Meta's financial health and growth prospects, does the current stock price represent an attractive entry point?
NASDAQ:METAShort
by signalmastermind
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google. FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX . If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry. The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name). These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself. The origins of FAANG FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web. Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues. So the acronym became FAANG, and it's remained so. The five stocks of FAANG They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well. 👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result. 👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance. 👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months. 👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM. 👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months. Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market. Twelve months performance of FX:FAANG components vs S&P500 Index The bottom line The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
FX:FAANG
by Pandorra
Can Meta's Threads Challenge the Social Media Giants?Meta's Threads, the text-based social media app launched with much fanfare a year ago, has reached 175 million monthly active users (MAUs). This milestone signifies a strong first year, but questions remain about whether Threads can truly challenge the social media titan, X. There's no denying Threads' impressive growth. Reaching 175 million MAUs within a year is a commendable feat. Mark Zuckerberg celebrated the achievement, highlighting India's role as a key driver of user engagement. The initial surge was phenomenal, with Threads reaching 100 million users just five days after launch. Growth has since stabilized, but the upward trend continues. However, comparing Threads to X is a different story. X boasts billions of users globally, dwarfing Threads' current reach. While 175 million is a respectable number, it's a fraction of X's user base. Furthermore, X has a well-established ecosystem of features, influencers, and deeply ingrained user habits. Despite its initial success, Threads needs to carve out its own niche and establish itself as more than just a "Twitter-like" offering from Meta. Several factors could influence Threads' future trajectory. • Feature Development: One crucial aspect is continuous development of compelling features. Threads' current offerings include text posts (up to 500 characters), photo and video sharing, and close friend groups. Adding features that cater to specific user needs and foster deeper engagement will be vital. • Monetization Strategy: Monetization is another key consideration. While Meta hasn't revealed concrete plans yet, a well-crafted strategy that doesn't intrude on user experience is essential. Subscription models or targeted advertising with clear user opt-in options could be potential avenues. • Competition: The social media landscape is fiercely competitive. Threads faces competition not only from X but also from established players like Snapchat and emerging platforms. Differentiation and a clear value proposition will be crucial for attracting and retaining users. • Integration with Existing Platforms: Leveraging the vast user base of Instagram, which is owned by Meta, could be beneficial. Cross-promotion and strategic integration, without forced migration, could introduce Threads to a wider audience. The current neutral outlook on META stock reflects the wait-and-see approach from investors. While Threads' initial growth is promising, it hasn't yet translated into significant revenue streams or user base expansion that would dramatically impact Meta's overall performance. In conclusion, Threads has had a promising first year. Its ability to challenge X, however, remains to be seen. Continuous innovation, a well-defined monetization strategy, and strategic differentiation will be key factors in determining its long-term success. Whether Threads becomes a true competitor or remains a niche offering within the Meta ecosystem will depend on its ability to navigate the competitive landscape and carve out its own space in the ever-evolving social media world.
NASDAQ:META
by bryandowningqln