Meta Platforms Inc
Jim Cramer names 5 recession-resistant industries emerging as market leaders
CNBC’s Jim Cramer on Thursday told investors that a new group of market leaders is emerging amid tech stocks’ downfall. “The market’s finally in Fed-mandated slowdown mode, where what works are the recession-resistant stocks of profitable companies that tend to be pretty generous with their shareholders,” he said. Here is Cramer’s list of industries that […]
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Apple beats but comes up light on iPhone sales and services
Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share. However, Apple came up short versus revenue expectations in core product categories including the company’s iPhone business and services. Apple shares fell over 1% in extended trading. Here is how Apple did versus Refinitiv consensus estimates: EPS $1.29 […]
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Amazon established to report third-quarter earnings just after the bell
Andy Jassy, CEO of Amazon and then CEO of world wide web expert services at Amazon.com Inc., speaks throughout the Amazon World wide web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. David Paul Morris | Bloomberg | Getty Pictures Amazon experiences 3rd-quarter earnings right after the bell on Thursday. […]
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Amazon quietly gave $400,000 to conservative nonprofit that opposed new antitrust laws
In this photograph illustration, the Amazon emblem is shown on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Photographs Amazon quietly donated $400,000 to a conservative nonprofit last calendar year as the team pushed again on antitrust expenditures staying regarded in Congress, according to files reviewed by CNBC. The Independent Women’s […]
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Fb used to be a Huge Tech large — now Meta is just not even in the prime 20 most useful U.S. providers
Mark Zuckerberg for the duration of Metaverse conversation on CNBC Supply: CNBC Sixteen months after Facebook crossed $1 trillion in marketplace cap, signing up for an distinctive club consisting of Apple, Microsoft, Alphabet and Amazon, its guardian enterprise Meta is really worth significantly less than Household Depot and scarcely additional than Pfizer and Coca-Cola. Far […]
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Stocks making the biggest moves midday: Meta Platforms, ServiceNow, Teladoc, Credit Suisse & more
In this article MRK CSG.N-CH SNBR META Follow your favorite stocksCREATE FREE ACCOUNT Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading Thursday. Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for the current quarter and missing earnings estimates for the […]
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The greatest tech shares have misplaced $3 trillion in industry cap over the last year
FAANG shares exhibited at the Nasdaq. Adam Jeffery | CNBC So this is a superior trivia dilemma: Of the “FAANG” megacap tech shares, which has lost the most current market worth about the past calendar year? Amid the earnings-associated bloodbath so far this week, there have been massive losses. Alphabet, Microsoft and Meta have presently […]
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Morgan Stanley downgrades Meta after earnings miss, says higher spending will hurt the stock
Meta’s latest quarterly earnings results should give investors pause, according to Morgan Stanley. Analyst Brian Nowak downgraded shares of Meta to equal weight from overweight and roughly halved his price target on the social media stock, citing higher capital expenditures and lower free cash flow from the company. “We see META’s $69bn of capex over […]
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Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
Meta ‘s third-quarter results have Wall Street analysts split on the struggling tech stock. Shares of Meta plunged 23% in Thursday premarket trading after the social media company reported an earnings miss and issued a weaker-than-expected forecast for the fourth quarter. The tech stock is already down more than 60% year to date as the […]
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Meta shares plunge 23% on downgrades, skipped earnings and large shelling out on metaverse
Drew Angerer | Getty Illustrations or photos Information | Getty Photos Shares of Meta plunged 23% in premarket investing on Thursday as investors and analysts digested the firm’s third-quarter earnings skip and a weak fourth-quarter outlook. The parent organization of Facebook claimed quarterly income of $27.7 billion on Wednesday, a decrease of much more than […]
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