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In hisDaily Market Notes report to investors, Louis Navellier wrote: Fed not hawkish, Meta soars, VIX hits the low for the year, stock rally continues. Fed Raises Interest RatesJay Powell was essentially neutral yesterday, saying the Fed would consider further increases step by step, but that inflation trends were encouraging, and very importantly that the Fed no longer models a US recession. He did say he doesn’t expect to cut in ’23. Today, the ECB also increased a quarter point, to 3.75%, and also said they would be data dependent as to further increases. Stock markets in both the US and Eu...
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Google searches for ‘Meta stock’ have increased by 455% after the announcement of Threads.The surge occurred within 24 hours of the announcement of the text-based conversation app on 4th July 2023.According to Zuckerberg, Threads received 5 million sign-ups within the first four hours of its launch.Online Searches For ‘Meta Stock’ Surge New data has revealed that worldwide searches for ‘Meta stock’ have skyrocketed by 455% since the announcement of Threads, a text-based conversation app that directly challenges Twitter. The study, conducted by online trading specialists InvestinGoal, analysed ...
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Key Points Meta’s new Threads app will boost the revenue and earnings outlook for this year and next.User count growth is astronomical and will soon outpace rival Twitter.The analysts are upping their targets again and helping to drive the market higher.5 stocks we like better than Meta PlatformsFind A Qualified Financial Advisor Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best in...
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Key Points Meta Platforms has announced its latest move to compete for even more eyeballs; its new short-form written content platform seeks to compete with Twitter.The last time the company allocated a significant portion of its free cash flow into new ventures, investors severely punished the stock with a 77% sell-off from its all-time high.This time, executives have waited for a swift price recovery in the stock to announce the strategic move and broader markets seem to believe that lessons were learned.These performance gaps, aligned with valuation preferences, can give way to a bullish ca...
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