meta stock page 2

Meta Platforms, previously known as Facebook, stands as one of the world's largest conglomerates, boasting a market capitalization exceeding $794 billion. Ranked as the 7th largest company globally by market cap, it follows giants like Apple, Microsoft, Saudi Aramco, Alphabet, Amazon, and Nvidia. This prominence naturally piques the interest of traders and investors, especially those with a short-term focus. In this article, we delve into Meta Platforms, exploring its vast reach and revenue streams, and assess the safety of investing in its stock.

Key events:

Key events:

Key events: USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Aug) On Wednesday, the S&P 500 managed to secure a marginal uptick in a volatile trading session. Investors found themselves in a dilemma, contemplating whether it was the right time to seek out undervalued opportunities following a recent market downturn driven by soaring Treasury yields and uncertainty surrounding future interest rate trajectories.

Key events:   USA - OPEC Monthly Report     USA - Federal Budget Balance (Aug) On Monday, the Nasdaq experienced a significant uptick in performance, driven by Tesla's (NASDAQ: TSLA) remarkable surge fueled by optimism surrounding artificial intelligence. Investors were also eagerly awaiting inflation data set to be released later in the week.

Key events: USA - ADP Nonfarm Employment Change (Aug) USA - GDP (QoQ) (Q2)    USA - Pending Home Sales (MoM) (Jul) USA - Crude Oil Inventories On Tuesday, Wall Street experienced a surge in activity, accompanied by a decline in Treasury yields. This occurred within the context of light trading just before a holiday, prompted by a set of underwhelming data that compelled investors to recalibrate their projections regarding US monetary policy.

Key events:  

Meta Platforms, formerly known as Facebook, is a colossal company with a market cap surpassing $735 billion. It ranks as the 9th largest company globally, following giants like Apple, Microsoft, Saudi Aramco, Alphabet, Amazon, Nvidia, Tesla, and Berkshire Hathaway. Trading Meta Platforms stock presents an excellent opportunity, especially for those focusing on short-term trades. In this article, we will explore how to invest and trade in Meta Platforms effectively.

Key events: China - Manufacturing PMI (Jul) Eurozone - CPI (YoY) (Jul) On Friday, the Dow Jones Industrial Average concluded with a gain, marking its third consecutive weekly victory as investors showed a strong interest in prominent tech and chip stocks. The surge came in response to a decline in Treasury yields, triggered by signs of decelerating inflation, which bolstered optimism that the Federal Reserve had likely delivered its final interest rate hike earlier in the week.

Key events: UK - S&P Global/CIPS UK Manufacturing PMI USA - S&P Global US Services PMI (Jul) On Friday, the Dow managed to secure a victory, achieving its 10th consecutive weekly gain and extending its longest winning streak since 2017. The positive performance was driven by gains in defensive sectors of the market, particularly utilities. Traders were cautious ahead of the upcoming quarterly results from major tech companies.