Cramer points to positives in Monday's rebound, but warns against lasting gains [CNBC]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNBC
The Dow Jones Industrial Average climbed 253.58 points, or 0.67%, to close at 38,239.98 . The S&P 500 traded 0.87% higher to finish the session at 5,010.60. The Nasdaq Composite advanced 1.11% to 15,451.31. The S&P 500 and Nasdaq both ended a six-day losing streak. Chipmaker Nvidia got a boost after the stock rebounded and rose 4% Monday, recovering from a 10% plunge on Friday. Cramer says the stock mounted an advance, but it won't be enough to erase Friday's losses. “Nvidia's gone from being the star of the show to being the goat of the game, and I'm not talking about the greatest of all time,” Cramer said. “We've learned from multiple pieces of research that Nvidia is doing quite well. I think the stock finally gets cheap enough to start tempting people.” Other Big Tech companies Tesla Meta Platforms Microsoft and Alphabet are scheduled to report their earnings this week. Investors are determining whether these reports will indicate if the tech sell-off ends or continues. C
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News
- Democratic officials criticize Meta ad policy, saying it amplifies lies about 2020 election [FOX News]FOX News
- Metro warns of widespread delays as bus drivers angered by violence threaten “sick out” [Los Angeles Times (CA)]Los Angeles Times
- Here's Why These Tech ETFs Are Worth Buying Now [Yahoo! Finance]Yahoo! Finance
- Tech platforms make pitch for ad deals as TikTok is roiled by politics [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tech platforms make pitch for ad deals as TikTok is roiled by politics [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 4
- 5/2/24 - Form PX14A6G
- META's page on the SEC website