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π Insider time: BigTech is worthy of attention
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While the earnings of mega-cap technology companies distract the attention of large players, you can try to make money on more popular and understandable assets.
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Regardless of where policymakers steer the market in the next two weeks, we recommend a stock that will be in strong demand and another that could update its lows.
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β’ Buy: Meta Platforms (NASDAQ: META)
The social media giant's recent financial results are supporting investor optimism, with its shares up nearly 6% following its July earnings report, for example.
Meta is scheduled to report third-quarter earnings after the US market close on Wednesday, October 25 at 4:00 pm (EST), with earnings of $3.61 per share expected, up 120% year-over-year. About an hour after the publication of the report, an interview with Zuckerberg and CFO Susan Lee was announced - we recommend listening.
First target: $363.50 β 366; further, with favourable market development, the zone is above $420-435.
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β’ Sell: Snap (NYSE: Snap)
Shares continue to fall amid a bleak earnings outlook as the company slowly recovers from several technical setbacks. Snapchat is expected to lose at least $0.07 in earnings per share and about 2.6% of annual revenue ($1.1 billion) due to weak performance in its advertising business, caused by privacy changes in Apple's iOS and growing competition from China. TikTok apps.
First target: $8.50 β 8.80; further if there is a negative fundamental background, it is worth considering the zone below $8.
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We carefully monitor the market and do not forget about the risks!
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Profits to yβall!