Meta Surged to New Heights is there Room for Continued Growth Meta and Amazon stocks have risen following an increase in their price targets by a Wall Street analyst team. Jefferies, the analysts, reiterated a buy rating for Meta ( NASDAQ:META ) and raised their price target for the Facebook parent company to $585 from $550. Additionally, they raised their price target for Amazon stock to $225 from $190. Meta's stock has risen more than 3.5% to $525.62, and Amazon's stock is up more than 1% at $184.88, approaching an all-time high above $188 reached in July 2021.
Jefferies' report stated that Meta ( NASDAQ:META ) has too many advantages to count compared to competitors in the digital advertising market. Meta's revenue is mostly driven by ads, and the company has been investing in artificial intelligence tools to help drive more engagement and ad sales on its applications. They include Facebook, Instagram, Reels, WhatsApp, and Threads. As a result of these investments, Meta ( NASDAQ:META ) has developed several strategic advantages over peers, such as a strong artificial intelligence-based recommendation engine for its Reels short-video product that is driving more time spent on Facebook and Instagram.
Meta ( NASDAQ:META ) is set to report its first-quarter earnings on April 24 and has seen a 47% increase in its stock price this year. In addition, Meta Platforms Inc. ( NASDAQ:META ) is reintroducing cash bonuses for content creators on its social media apps. The company is testing the "Spring Bonus" initiative in the United States, South Korea, and Japan, rewarding creators on Instagram for engagement not just on videos and reels, but pictures as well. The maximum creators can earn in thirty days is $30,000. The company will also similarly reward select creators for engagement on Threads, its Twitter-like social app, and content labeled as "collaboration" or "branded" will not be eligible for monetization.
Technical Outlook
Meta ( NASDAQ:META ) for 20 weeks now has been trading above the 200, 100 and 50-day Moving Averages respectively with a Relative Strength Index (RSI) of 63 indicating strong bullish sentiment.
Meta
META to $455Overview
META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction.
Fundamentals
Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that indicate insider liquidation. As of late, insider liquidation has been heavily present amongst most of the Magnificent Seven companies (GOOGL, AMZN, NVDA, and TSLA)
Technicals
A bear flag is forming after the rally momentum rounded out and is now beginning to develop a descending triangle. The oscillators don't support a breakdown at the current time so a possible bounce back to the triangle's resistance line around $505-510 is possible as the pattern continues to develop.
Meta Madness: Big Crash or Further Surge After the Mega Rise?Meta is a particularly intriguing stock that experienced a significant selloff at the end of 2021, with an overall pullback of 77%. Since then, however, we've witnessed an extraordinarily robust surge of 444%, which is remarkably strong. Yet, this rise came without any interim corrections, raising questions about when such a correction might occur. We've concluded our Wave I in September 2020 and have since formed an ABC correction, ending Wave II at $88.41. Following this, we've seen a rise to, and here's where it gets interesting, two possible scenarios: either an overshooting Wave (B)—note that this would mean Wave 1 isn't where it currently is, but rather at the Wave (B) level of $384. If Wave (B) precisely hits 138% at $496, which we've exactly reached without exceeding, this is where our concern lies. We'd like to see Meta invalidate this scenario by surpassing the $496 mark for a larger pullback to occur. Primarily, however, we're inclined to believe that we're heading into a Wave (2) correction, expected to lie between 50 and 78.6%, that is, between $288 and $174. Following this, the trajectory for Meta is anticipated to climb significantly, but this remains a scenario for the distant future.
EU Launches Probe Into Meta, Apple and GoogleIn a landmark move under the newly enacted Digital Markets Act (DMA), the European Union has initiated a comprehensive investigation into tech behemoths Apple, Alphabet (Google's parent company), and Meta (formerly Facebook). The probe, which marks the EU's first under the DMA, aims to scrutinize potential anti-competitive practices and ensure fair competition within the digital ecosystem.
The investigation, announced on Monday, encompasses a range of issues spanning from Apple's App Store policies to Google's search engine practices and Meta's advertising model. At the core of the probe are concerns regarding anti-steering rules, self-preferencing, and the implications of Meta's "pay or consent" model on user privacy and choice.
Apple and Alphabet, in particular, face scrutiny over their implementation of anti-steering rules, which prevent businesses from informing users about cheaper alternatives outside of their app stores. This investigation underscores the EU's commitment to fostering a level playing field for businesses and consumers alike, amidst growing concerns about the dominance of tech giants in shaping digital markets.
Notably, Apple's recent run-ins with the EU, including a hefty 1.8 billion euro fine for anti-competitive practices related to music subscription services, underscore the regulatory pressure facing tech giants operating within the European market. The probe into Apple's App Store policies and Safari browser further highlights the EU's focus on ensuring user choice and fair competition within the iOS ecosystem.
Meanwhile, Alphabet faces scrutiny over potential self-preferencing in Google search results, raising questions about the company's adherence to fair competition principles. With the EU probing whether Google's display of search results favors its own services over rivals', the investigation sheds light on the complex dynamics of digital markets and the challenges of regulating tech giants with vast influence over online ecosystems.
In the case of Meta, the investigation centers on the company's ad-free subscription model and its impact on user consent and data privacy. The EU's scrutiny of Meta's "pay or consent" model reflects broader concerns about the accumulation of personal data by tech gatekeepers and the need to provide users with meaningful alternatives.
As the EU's investigations unfold, tech giants are bracing for potential fines of up to 10% of their total worldwide turnover, highlighting the significant financial implications of regulatory non-compliance. Moreover, the probes underscore the evolving regulatory landscape facing tech companies, as policymakers seek to address concerns about market concentration, data privacy, and consumer welfare in the digital age.
META could fall from ATH SHORTMETA on the weekly chart is at the ATH which is as a consequence at the third upper VWAP line.
The RSI indicator shows the faster line crossing under the slower line. The relative trend
index has topped out. Both represent bearish divergence. META makes its money with
advertising dollars for revenue. There are increasing challengers to split revenues that could
go down if a recession happens. Other headwinds are the federal regulatory blaming META
for issues such as foreign interference in our elections, or child molestors floating on
the platform without adequate protections for minor or collusion in a monopoly with other
high flying targets. I find this to be a good juncture to take a short trade in META on a swing
looking for it to last until the next earnings period.
Short METAThe recent top is our first pivot point, we will anchor short entries below the 472 level with target 1 at the previous top 384. This is the first test trade against a pivot top and a tight stop range should be set.
There is a massive short upcoming which will be a steep fall, a crash fractal unless the cycle alters in an unlikely event.
Trade safe, stay connected..... good luck
META/ Facebook Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-17-2024
RED UMVD pulling the price DOWN deep into Green TrapZone. Lets see if GREEN UMVD shows up and buyers rescue this retrace !
META: $440 is the least sellers can target.META Platforms may have turned neutral on the 1D timeframe (RSI = 53.558, MACD = 15.800, ADX = 23.681) but remain extremely overbought on the 1W (RSI = 76.808). The stock hit the HH trendline that dates back to January 2018, while the 1W MACD is about to form a Bearish Cross. During these six years, the stock has had five standard corrections (excluding the 2022 Bear Cycle) between -15.90% and -44.00%.
The minimum one was the most recent in August 2023. We expect at least such a -15.90% correction before buyers start accumulating again above the 1W MA50, so our sell target is placed accordingly (TP = 440.00).
See how our prior idea has worked out:
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Meta Platforms:From Struggle to Surge - 2024 Investment OutlookIn 2022, Meta Platforms faced turbulent market conditions amid doubts surrounding CEO Mark Zuckerberg's metaverse ambitions, resulting in a significant 64% decline in share prices. However, the company's trajectory has undergone a remarkable transformation since hitting rock bottom, with shares soaring by 321% since the close of 2022.
Despite this impressive rebound, Meta's shares continue to present an attractive investment opportunity, supported by several compelling factors.
Meta stands out as one of the top-performing stocks in 2023, trading at a forward price-to-earnings ratio of 25.6, representing a discount compared to the Nasdaq-100 index's average forward P/E of 30.4. Wall Street analysts anticipate significant growth for the company, with projected compound annual rates of 14% for revenue and 21.3% for earnings per share over the next three years.
Moreover, Meta's unparalleled dominance in the social media landscape is a key driver of its appeal. With Facebook, WhatsApp, Instagram, and Messenger boasting over 4 billion monthly active users collectively, Meta's reach is unmatched, engaging nearly half of the global population.
The company benefits from formidable competitive advantages, including powerful network effects and a substantial data advantage, positioning it as a leader in digital advertising. With $132 billion in revenue in 2023, Meta has become the preferred platform for advertisers seeking targeted advertising and value for their spending.
Meta's robust financial performance further enhances its investment appeal, with a 2023 operating margin of 35% and $43 billion in free cash flow. The company's strong finances enable it to return capital to shareholders through stock buybacks and dividends, reflecting its commitment to delivering value to investors.
In conclusion, Meta Platforms emerges as a compelling investment opportunity in 2024, offering an appealing valuation, unparalleled social media reach, and robust financial performance. With its leadership position in the digital landscape and strategic investments in the metaverse, Meta is poised for continued growth and success in the years to come.
Unlocking $META's Momentum: A 10AM Breakout Analysis -5min ChartDive into the heart of market volatility with our latest analysis of NASDAQ:META 's price action, centered around the critical 10AM box on the 5-minute chart. This video breakdown offers a comprehensive look at the key movements and trading opportunities that emerge in the early hours of trading. Whether you're a seasoned trader or just getting started, our insights will help you understand the nuances of NASDAQ:META 's behavior and how to potentially capitalize on its patterns. From technical indicators to momentum shifts, join us as we uncover the strategies that could define your next big trade
Is Nvidia and the Top 10 short opportunities? Nvidia’s stock price surge has triggered discussions of a potential "bubble" in AI stocks.
Cathie Wood, CEO of Ark Invest, has recently expressed her concern and reduced Ark's exposure to Nvidia, citing the possibility of overly optimistic expectations, prompting her to sell a modest $4.5 million worth of Nvidia shares. So perhaps she is not overly concerned about a bubble bursting.
But it's not just Nvidia that has some analysts worried. Torsten Sløk, chief economist at Rowan's wealth management, pointed out that the top 10 companies in the S&P 500 are currently more overvalued than the top 10 during the mid-1990s tech bubble.
Jeremy Grantham echoed concerns about overvaluation, warning of an impending burst of the AI bubble. But Grantham is a permanent wall street doomsdayer, so take this warning with some skepticism.
In contrast, Jamie Dimon, CEO of JPMorgan Chase, expressed optimism about artificial intelligence, emphasizing its tangible applications in various sectors such as cybersecurity and pharmaceutical research. Dimon stressed that unlike the hype surrounding the internet bubble, AI's potential is genuine and substantial.
Maybe this means that similarly inflated stocks like CrowdStrike (cybersecurity) and Eli Lilly (pharmaceutical) can live up to the potential that their high stock prices are indicating? Or maybe there are additional shorting opportunities with these two stocks?
Meta Stock Surges Above $500 As It Touts AI-Powered GainsMeta Platforms ( NASDAQ:META ) experiences a remarkable surge, surpassing the $500 mark once again, as the company unveils its pioneering advancements in generative artificial intelligence (AI), signaling a new era of innovation and engagement within the social media landscape.
Meta's Outlook:
Meta's adoption of powerful generative AI models for video recommendations across its ecosystem marks a significant strategic move to enhance user engagement. Facebook head Tom Alison reveals positive results from utilizing large language models to optimize video recommendations, showcasing an 8%-10% increase in watch time for Reels on Facebook. ( NASDAQ:META ) company outlines its technology roadmap, highlighting plans to scale AI-driven enhancements across its platforms through 2026, aiming for more engaging and responsive user experiences.
Market Performance:
Meta's ( NASDAQ:META ) stock experiences a notable uptick, climbing nearly 4% amidst investor optimism surrounding the company's AI initiatives. With shares surging nearly 180% over the past year, Meta solidifies its position as a frontrunner in the AI landscape.
Meta's Open-Source AI Approach:
Meta's ( NASDAQ:META ) commitment to an open-source approach to AI, exemplified by the availability of its large language model Llama to developers and researchers, underscores its dedication to fostering innovation and collaboration within the AI community.
Strategic Implications:
Meta's AI advancements not only drive user engagement but also hold the potential for increased monetization opportunities through enhanced ad targeting and user interaction. CEO Mark Zuckerberg emphasizes the importance of unifying recommendation systems across various content formats, highlighting the company's focus on delivering personalized and compelling user experiences.
Catering to the Next Generation:
Tom Alison underscores Meta's efforts to cater to the evolving preferences of Gen Z users, emphasizing the importance of social media as a platform for personal expression and exploration of diverse interests.
Expansion in E-commerce Advertising:
In addition to its AI endeavors, Meta garners attention for its growing presence in e-commerce advertising, with the Wall Street Journal reporting substantial investments from Chinese e-commerce platform Temu, highlighting Meta's increasing role in facilitating global commerce.
Conclusion:
Meta Platforms' ( NASDAQ:META ) relentless pursuit of innovation and its strategic embrace of AI-driven technologies position it at the forefront of the social media landscape. With continued advancements in AI and expansion into new avenues of advertising and engagement, Meta reaffirms its commitment to shaping the future of social media and digital interaction.
Facebook, Instagram & Threads Back Online After OutageMeta Platforms. (NASDAQ: NASDAQ:META ), the parent company of popular social media platforms like Facebook and Instagram, faced a brief outage on Tuesday morning, disrupting services for users worldwide. Despite the outage lasting approximately two hours, Meta swiftly restored access to its platforms, alleviating concerns among users and investors alike.
Key Outage Details:
The outage primarily impacted Facebook and Threads, with users reporting difficulties accessing the platforms as early as 10 a.m. ET. Instagram users also faced issues, including feed refreshing problems. However, Meta spokesperson Andy Stone reassured users, stating that the technical issue was promptly resolved, attributing it to a temporary glitch.
Impact on Presidential Primaries and Social Media Campaigns:
The timing of the outage coincided with Super Tuesday presidential primaries in the U.S., raising concerns for political campaigns reliant on social media platforms for voter engagement. The disruption underscored the critical role platforms like Facebook and Instagram play in modern political communication strategies.
Market Reaction and Tech Disruptions:
The outage prompted a flurry of activity on social media, with hashtags like "#instagramdown" and "#facebookoutage" trending on X. Meta's stock saw a slight dip, reflecting investor sentiment amidst the temporary service disruption. Additionally, Meta acknowledged "major disruptions" across its business products, including Meta Admin Center and Facebook Login.
Broader Tech Landscape:
Google's YouTube also experienced technical difficulties on the same day, further highlighting the interconnected nature of tech platforms. While Meta's outage was swiftly resolved, disruptions in other services like Gmail raised questions about potential underlying infrastructure issues in the tech ecosystem.
Conclusion:
Despite occasional setbacks like the recent outage, Meta ( NASDAQ:META ) continues to be a dominant force in the social media landscape. As users and investors navigate occasional disruptions, Meta's ability to swiftly address technical challenges reaffirms its commitment to ensuring seamless user experiences.
Meta Faces Legal Hurdles in Brazil Over Name DisputeMeta Platforms ( NASDAQ:META ), the parent company of Facebook, Instagram, and WhatsApp, has been ordered by a Sao Paulo court to cease using its name in Brazil within 30 days. This decision comes after a local computer services provider, Meta Servicos, filed a lawsuit claiming damages due to confusion between the two entities.
The lawsuit, filed by Meta Servicos, alleges that since Meta's name change in 2021, it has suffered significant harm, including being wrongly implicated in over 100 lawsuits and having Instagram profiles disabled for alleged impersonation. Meta Servicos, based in Barueri, Brazil, registered its brand with Brazil's National Institute for Intellectual Property in the late 2000s, establishing prior rights to the name.
Meta's failure to comply with the court's decision could result in significant financial penalties, with the appeals court in Sao Paulo ruling that Meta ( NASDAQ:META ) must pay 100,000 reais ($20,201) per day for non-compliance.
This legal dispute highlights the importance of brand protection and the potential consequences of overlooking intellectual property rights. Meta's rebranding efforts, which aimed to focus on the development of the "metaverse," a virtual environment seen as the future of the internet, now face significant challenges in Brazil.
While Meta ( NASDAQ:META ) has not yet responded to the court's decision, the implications of this ruling extend beyond the immediate name change. It underscores the complexities of navigating international legal systems and the need for multinational corporations to conduct thorough due diligence when rebranding or expanding into new markets.
Furthermore, this case serves as a cautionary tale for companies operating in the digital age, where the boundaries between virtual and physical assets are increasingly blurred. As the metaverse gains traction as a new frontier for innovation and commerce, ensuring clear and distinct branding becomes even more critical to avoid confusion and potential legal entanglements.
FB (META), What is going on?Stocks fall one after another !
We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves?
FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion !
If true , FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level.
Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns.
Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa.
After completion of this primary degree wave 2 , there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years !
Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY, SHOPIFY, SQ and many others in the market.
As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid.
Hope this analysis to be helpful and wish you all the best.
META Analysis! Trend Reversal!META Weekly Analysis!
Inverted Head and Shoulders Pattern Formation in META!
Trend Reversal in META!
META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders pattern is a Trend Reversal Pattern. Now we can see a strong bullish momentum. The important upside levels are marked on the chart so please have a look on it and one more important thing is we can set a stop loss below the neckline.
Thank You!
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
META Technical Analysis and Trade Idea#META has experienced a remarkable bullish surge. However, the 1D timeframe indicates potential weakness as we see the trend ranging sidweays creating lower highs. We are considering a possible retracement towards the 50-61.8% Fibonacci zone potentiall trading through the gap evidenced on the chart. This area typically attracts increased liquidity due to sell stops, potentially encouraging long positions from institutional traders.
Trading Considerations Meta Platforms:
Counter-Trend Short: Explore a short entry near the current price level, strategically placing a stop-loss above the recent highs. Maintain a 1:1 risk-reward ratio for this trade.
Fibonacci Buy: Target a potential buy opportunity close to the 61.8% Fibonacci retracement level. This aligns with the possible accumulation of long positions by larger market players. Utilize a stop-loss below the recent swing low, and define target levels as shown on the screenshot.
Disclaimer: This analysis offers my personal market interpretation for educational purposes and should not be considered direct financial advice. Always prioritize your own independent research and thorough risk assessment before making any trading decisions.
Still room to run to 420 (at least)META target by end of Feb 2024 is 420.
3 most likely paths to target:
1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024
2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative)
3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420 by end of Feb. (would be great opportunity to enter long).
Not playing this for earnings but it should be a good indicator for what market will do mid-term. My expectation is SPY will continue higher to 500+, and the earnings today 2/1 will be a catalyst for this.
I think at least 2 of 3 of the big tech earnings will be bullish todaym maybe all 3:
META to 420
AMZN to 164
AAPL to 198
META Is it finally time to correct?Meta Platforms (META) has been among the biggest winners in 2023 and of course is having a great start to 2024 as well. Those who follow us know that we have been big bulls on META even right on its 2022 bottom (see charts below), when most of the market had lost faith in the company's operations, business model and its ability to generate profit.
We even mapped to perfections its V-shaped recovery to new All Time Highs (ATH)
As the company had one of its best 1W candles in history last week following the dividends announcement, we are starting to consider a short/ medium-term pull-back for the stock. This is also justified by historic price action. Since the current large Megaphone pattern started in mid 2018, META has corrected to or below its 0.236 Fibonacci retracement level within a -16.00% to -19.77% decline range, 5 times. On all cases except for the initial 2023 recovery, the 1W RSI was overbought above the 70.00 mark. Right now the 1W RSI is on its most overbought state in history.
As a result, we have a growing belief that it is time for the social media giant to start correcting again. A minimum of -16.00% decline will deliver a $410.00 Target level for META, just below the 0.236 Fibonacci level. Note that during all such declines, the 1W MA5 (blue trend-line) provided support, closing all candles above it.
Do you think it is time for a 4 - 6 week correction?
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Air BNB back to 114 after earnings ? Some analysts express bearish views on Airbnb, but these assessments might be misguided according to Bernstein.
Key points of bearish sentiment include:
Airbnb’s room nights have grown by only 8% on a compound annual growth rate (CAGR) since 2019.
The company has relied on price increases (9% per year) rather than volume growth.
Airbnb’s average prices are 40% higher today compared to 2019, leading some to believe it has lost its edge as a budget-friendly hotel alternative.
Booking.com, a competitor offering both hotels and short-term rentals, has narrowed the room night growth gap against Airbnb.
Meta: Reached the Destination 📍✅Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.