Core Viewpoint - Meta Platforms reported strong Q2 2024 results, exceeding analysts' expectations, which has positively impacted its stock price and market outlook [1][3]. Financial Performance - Q2 2024 earnings per share (EPS) were $5.16, surpassing expectations of $5.72, with revenue reaching $39.1 billion, above the anticipated $38.3 billion [3]. - 98% of the revenue was generated from advertising on Facebook and Instagram [3]. - The company recorded 3.27 billion daily active users, representing over 40% of the global population [3]. Stock Performance - Meta's stock closed at $474 on July 31, with an 8% gain following the earnings report, and is currently targeting the $500 mark [1]. - The stock has gained over 37% year-to-date, reflecting strong market momentum [1]. Analyst Revisions - Oppenheimer raised its price target for Meta from $525 to $615, maintaining an 'outperform' rating, citing strong revenue and AI spending as key factors [4]. - Goldman Sachs increased its price target from $522 to $555, emphasizing Meta's audience reach and adaptability to user behavior changes [4]. - Piper Sandler, Rosenblatt, and Jefferies also raised their price targets, with projections ranging from $575 to $643 [5]. Market Predictions - 28 Wall Street analysts forecast Meta's stock to trade above $500, with an average price target of $549 over the next 12 months [6]. - The highest projection is $630, while the lowest target is $360 [6].

Advanced Micro Devices (NASDAQ: AMD) reported its Q2 earnings on July 30, showcasing a strong performance during the previous quarter that surpassed analysts’s expectations and potentially motivated Cathie Wood, CEO of Ark Invest (ARKK), to invest a substantial amount in this semiconductor stock.Namely, on July 31, Ark Invest reported a purchase of 328,527 AMD shares worth approximately $47.5 million, according to the latest closing price on July 31, thus increasing Ark Invest’s overall holding of AMD share ...

Despite a massively positive momentum it experienced this year, which has culminated with a new all-time high (ATH) price of $135.58 in June, Nvidia (NASDAQ: NVDA) has been behaving unusually in recent days, with significant price swings reminiscent of a penny stock.Specifically, since its after-hours low on July 30, Nvidia has added $380 billion in its market capitalization in just 18 hours, shortly after erasing $1 trillion over the past five weeks, as per the observations by global capital markets commen ...

Less than a year away from its 50th birthday and with more than $9 trillion in assets under management, Vanguard is one of the most recognizable investment firms in the world.Through its decades-long history, the company has made many lucrative trades and is among the first major entities – though not the first as is often claimed – to offer an index fund to the public.With its long history and past achievements in mind, Finbold decided to examine Vanguard’s portfolio – according to the most recent 13-f fil ...

The Dutch semiconductor giant ASML Holding NV (NASDAQ: ASML) was among the first companies to offer a significant stock market reaction to the reports that multiple crucial U.S. allies – the Netherlands, Japan, and South Korea being the three named by press time on July 31 – could be exempt from President Biden’s restrictions on high-tech exports to China.The stock, which has already offered a substantial 19.99% rise in 2024 but suffered a major 16.76% drop in the last 30 days, rocketed in Wednesday pre-mar ...

As perhaps best seen from the seemingly endless flashes of red from critical recessionary indicators and the sheer number of prominent experts and analysts warning of a bubble, the 2024 bull market – though impressive – was never entirely stable.Arguably the biggest start of the relentless rise of the U.S. stock market, Nvidia (NASDAQ: NVDA) has, in recent weeks, again demonstrated the fragility of its – and of other major companies – rise.After gaining more than $2.5 trillion in valuation since the artific ...

Recent trading sessions have seen billions in losses across the semiconductor sector, as many well-known chipmakers’ stocks, including Advanced Micro Devices (NASDAQ: AMD), have fallen below their 50-day simple moving averages (SMAs) amid a broader bear market caused by sector rotation.Semi Wreck 🩸 $SMHThe percentage of semiconductor stocks above their 50-Day SMAs just hit its lowest level since May 2nd. pic.twitter.com/ELtq9qrskL— TrendSpider (@TrendSpider) July 28, 2024 The latest close saw AMD stock at a ...

After a massive global IT outage, which brought multiple industries to a standstill on July 19, troubles have continued for Microsoft (NASDAQ: MSFT) stocks, the price of which has steadily declined since and has recently even demonstrated a ‘death candle’ on its chart, signalling more difficulties.Indeed, MSFT stock has manifested a ‘death candle,’ which usually refers to a sharp and substantial downward price movement indicating a bearish sentiment in a single trading session, according to the candlestick ...

Lululemon Athletica Inc. (NASDAQ: LULU), a leading name in the athletic apparel industry, has seen its stock value plummet by nearly 50% this year, despite reporting solid revenue growth.The steep decline in LULU’s share price can be linked to a combination of financial pressures, supply chain issues, and several notable analyst downgrades.LULU stock price performance YTD. Source: Finbold.comFirst quarter earnings summary for LULU stockLululemon’s first quarter earnings report showcased strong financial per ...

Since reaching its all-time high on June 18, Nvidia (NASDAQ: NVDA) stock has been trending downwards, erasing $1 trillion from its market cap and losing over 23% of its stock value.The most recent trading sessions haven’t been much better, with NVDA stock closing the latest trading session at $103.73 after losing over 7%, adding to the losses of 12.86% over the previous five trading days.However, pre-market trading shows signs of recovery for NVDA shares, with a progress of 5.08%. NVDA stock performance sin ...