Tag: Meta Platforms Inc

  • Goldman’s strong balance basket is beating the market

    Stocks with strong balance sheets are gaining popularity as the broader market fluctuates through the ongoing banking crisis. Goldman Sachs’ basket of 50 S&P 500 companies with strong balance sheets has outperformed its weak balance sheet basket by six percentage points since March 8, the day Silicon Valley Bank’s downward spiral began, according to a […]

  • What investors say about buying a technical rally and which stocks to buy

    The tech sector was a bright spot last week as the banking crisis rocked markets. The Nasdaq Composite was up 4.4% this week, while the Nasdaq 100 — which includes the index’s largest non-financial companies — was up 5.8%. Major technology and semiconductor stocks such as Nvidia and Microsoft are up about 12% this week, […]

  • Regional banks are among Wall Street’s largest analyst visits on Friday

    These are Friday’s biggest calls on Wall Street: JPMorgan raises Chubb from neutral to overweight. JPMorgan said the insurance company is defensive. “Our long-term fundamental outlook for CB was positive, but we were reluctant to recommend the stock due to concerns about slowing price increases in the commercial lines market and the share’s valuation.” CFRA […]

  • 5 things you need to know before the stock market opens on Thursday, March 16

    Here are the most important news items investors need to start their trading day: Two trading days left in this chaotic week driven by banking turmoil. Credit Suisse, the current figurehead of the turmoil, accepted the Swiss central bank’s offer to offer a lifeline. Will that calm everyone down? That’s not clear, especially as the […]

  • The price of Bitcoin (BTC) is up 50% this year, outperforming stocks and gold

    Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indices and commodities. On January 1, bitcoin started trading at just over $16,500. On Wednesday, it hovered around $25,000, thanks to a rally that started on Sunday. The recent increase came as somewhat of a surprise given the closure […]

  • 10,000 extra employees have to be cut during restructuring

    Facebook Chairman and CEO Mark Zuckerberg testifies before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” at the Rayburn House Office Building in Washington, DC on Oct. 23, 2019. MANDEL NGAN | AFP | Getty Images meta will lay off 10,000 additional workers […]

  • Why ChatGPT, AI Take Over the Cold Call: Leader of Salesforce

    The launch of ChatGPT has sparked a wave of tech companies looking to integrate generative AI into their products and apps. Salesforce is rolling out a new product that leverages OpenAI’s advanced AI models to help sales reps, customer service agents, developers, and others take mundane tasks out of their workday. According to Clara Shih, […]

  • An options strategy from Goldman to take advantage of Friday’s jobs report

    Goldman Sachs says options for some major stocks look strangely cheap ahead of a long-awaited jobs report. The February nonfarm payrolls report is due out Friday morning and it will be closely watched by traders following a report blowout in January and stubbornly high inflation data that scrambled Wall Street’s economic forecasts for the year […]

  • META, RIVN, WW, KEY and more

    Visitors take photos in front of the Meta (Facebook) sign at the headquarters in Menlo Park, California, on Dec. 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making the biggest strides in premarket trading: Meta – Meta shares gained 2% after a Bloomberg report announced that the company is […]

  • Meta Plans Thousands of Cuts After Widespread Layoffs: Report

    The layoffs could begin this week and affect thousands of workers. The cost cuts come on top of previously announced plans to lay off 13% of Meta employees. Mark Zuckerberg, CEO of Meta, calls 2023 the “Year of Efficiency”. Mark Zuckerberg, CEO of Meta Platforms Inc., departed, arrives in federal court in San Jose, California, […]