Prediction: Meta Stock Will Pop After Q2 Earnings. 3 Reasons Why
Meta has fallen in the last nine trading sessions, but the streak looks ready to come to an end.
Overview
Meta Platforms (NASDAQ: META) is due to report earnings after the market closes today, July 29. The stock has been under pressure lately, falling nine sessions in a row, indicating skepticism about the company's capital expenditure plans, which tracks with a sell-off in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock after that company reported negative free cash flow for the first time ever last week.
However, I think Meta is poised to pop after the earnings report. Here are three reasons why.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.