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META News and Press, Meta Platforms Inc From 06/29/24

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Company Name: Meta Platforms Inc
Stock Symbol: META
Market: NASDAQ
Website: facebook.com

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META - GOOG, NFLX, FOX among top S&P500 communication movers in Q2

2024-06-29 09:17:00 ET Communication Services Select Sector SPDR Fund ETF ( NYSEARCA: XLC ), which tracks S&P 500 Communication services sector, gained over 5% during the second quarter, outperforming the 4.6% rise in the broader S&P500 Index.... Read the full article ...

META - Cloud AI spending may 'flatten out.' What are the implications if it does? Or doesn't?

2024-06-29 09:00:00 ET Artificial intelligence spending could rise $60B year-over-year in 2024, bringing the total to roughly $167B since the AI craze started, Barclays estimates. And although the spending frenzy has shown no signs of slowing down, the investment firm wonders when enough is...

META - S&P 500's YTD gain is not justified, says JPM's Kolanovic in backing 4,200 year-end call

2024-06-28 17:07:40 ET More on the markets This Doesn't End Well The PCE Report Suggests Three Rate Cuts Starting In September PCE May 2024: Soft Spending, Low Inflation Supports Soft Landing Narrative Goldman’s Pasquariello: 'It is now a good time to ...

META - 2 Trillion-Dollar Artificial Intelligence (AI) Stocks to Buy and Hold Forever

2024-06-28 15:37:00 ET Larger companies are sometimes perceived as having less upside potential than smaller ones. That's one reason some people might hesitate to invest in stocks with market caps above $1 trillion. But tech giants Microsoft (NASDAQ: MSFT) and Meta Platforms ...

META - The Top 15 contributors to EPS growth for the second quarter - UBS

2024-06-28 13:36:42 ET More on S&P 500 Index: This Doesn't End Well The PCE Report Suggests Three Rate Cuts Starting In September PCE May 2024: Soft Spending, Low Inflation Supports Soft Landing Narrative Fed should ‘tee up’ rate cut after c...

META - Exposing 'AI Washing': Real Tech Developers Making Authentic AI Contributions

Issued on behalf of Scope AI Corp. VANCOUVER – USA News Group – With the advent of the artificial intelligence (AI) revolution, so too comes a major shift across multiple industries. In creative industries, AI is leading to new tools , but also job cuts. ...

META - Trump Media & Technology Group: Shares Are Nearly Worthless

2024-06-28 11:56:35 ET Summary Trump Media & Technology Group has weak revenue and deteriorating bottom line results, with little transparency for shareholders to assess. Recent data shows declining revenue and net losses, with management admitting to inflating revenue for IPO...

META - The AI-themed stocks have contributed to half of the returns of the MSCI ACWI - Citi

2024-06-28 11:25:21 ET More on iShares MSCI ACWI ETF: ACWI: Go With U.S. Funds Instead The best of breed global stocks for 3Q2024 - BofA Stocks with the largest market cap in the U.S. from the 1950s to today - MSIM Seeking Alpha’s Quant Rating on iShar...

META - Bitcoin, blockchain, India among top-performing themes of H1 2024: Ned Davis Research

2024-06-28 10:59:46 ET More on the markets SPY: Expect A Volatility Spike Larger Banks Are Facing Liquidity Issues Will The PCE Deflator Really Contain New Information? Nasdaq, S&P, Dow move higher as markets receive key inflation data Nasdaq, S&a...

META - AT&T Shows Red Flags As Stock Nears Recent Peak

2024-06-28 09:42:53 ET Summary Since the start of 2024, AT&T has received an overwhelming positive Buy rating on Wall Street and other Seeking Alpha analysts. It is necessary to have a bit of a contrarian view for a mature company like AT&T whose business model is unlikely...

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