Futures inch higher in run-up to corporate earnings [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
busy week of quarterly earnings that could help gauge the health of America's corporates. Most megacap growth stocks, including Meta Platforms, Microsoft and Tesla, edged up between 0.4% and 1.1% in premarket trading. The tech majors are scheduled to report their quarterly numbers this week, with Tesla kicking off the cycle after markets close. Apple was an outlier, down 0.4%, as market data showed its smartphone shipments tumbled 19% in China. Early gains in some chip stocks also offered support to equities, with Nvidia, Micron Technology and Marvell Technology up between 1.1% and 1.3%. On the docket for the day are quarterly numbers before the bell from PepsiCo, United Parcel Service and General Motors, among others. U.S. stocks had a sharp sell-off last week after heightened tensions in the Middle East and as markets re-evaluated their rate-cut expectations from the Federal Reserve. "While further volatility can be expected, especially with ongoing attacks in the Middle
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META
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