John Zechner's Top Picks: April 29, 2024 [BNN Bloomberg (Canada)]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: BNN Bloomberg
The U.S. Federal Reserve's ‘pivot' in interest rate outlook at the end of October last year was the catalyst for a six-month rally in stocks and an ever-larger initial gain in bonds, where the 10-year yield fell from 5.0 per cent to 3.8 per cent. At that time, the Fed ‘dot plot' forecast three interest rate cuts in 2004. Investors were even more bullish, looking at as many as six cuts, starting in March. Stubbornly high inflation and resilient economic growth lead to the slow retraction of these bullish interest rate forecasts. That, in turn, took its toll on the bond market, which retraced almost all those sharp gains as the 10-year yield climbed back up to 4.7 per cent. Stocks continued to rally despite the rate back up as investors shifted to cyclical sectors, such as energy, financial and industrials, on optimism about ongoing strength in the U.S. economy. But, with stock valuations and bullish sentiment near record levels, the reality of more muted expectations on interest rat
Show less
Read more
Impact Snapshot
Event Time:
META
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
META alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
META alerts
High impacting Meta Platforms, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
META
News
- Catch up on the day's stories: Cheap groceries, a polarizing graduation speech, health care cyberattacks [CNN]CNN
- The Potential TikTok Ban in the U.S. Is Real: Here's What it Means for Facebook's Stock [Yahoo! Finance Canada]Yahoo! Finance Canada
- Instagram parent Meta hit with online child safety probe in Europe [Yahoo! Finance]Yahoo! Finance
- Priority With Clarity: Meet Ashwini Siddhi [Yahoo! Finance]Yahoo! Finance
- RecPro Partners with Altor Locks to Help RV Owners Secure Their Property [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- 5/16/24 - Form 144
- META's page on the SEC website