U.S. stock futures were flat on the first trading day of May.
The Nasdaq ended April with its worst monthly performance since 2008, losing nearly 13.3%.
We’re facing another data-heavy week on Wall Street… We have the ADP National Employment Report and International Trade in Goods and Services on Tuesday, not to mention earnings season continues with some major reports yet to come.
But the biggest news of the week is the Federal Open Market Committee announcement on Wednesday.
Following the two-day meeting, we’ll learn how much the Fed plans to raise interest rates, with most expecting a 50-basis-point hike.
In this stock market recap video, you'll discover whether the markets are bottoming out or heading lower… how to interpret recent bond market trading action… the biggest earnings reports on the table this week… how to strategically take advantage of this market right now… plus a full update on the global economy and what it means for U.S. stocks.
Is Meta Platforms’ — formerly known as Facebook — better-than-expected, first-quarter earnings report all it's cracked up to be? I have a hunch that it’s not…
Shares of Meta jumped about 18% on Wednesday after the company reported earnings that exceeded expectations, but the revenue was disappointing. Daily active users, which dropped in Q4 for the first time, rose a little from 1.93 billion to 1.96 billion.
Revenue came in at $27.91 billion versus the expected $28.2 billion.
Well, the stock popped because people have been shorting it like crazy since the devastating Q4 earnings report in February that sent it crashing 26%.
But I’ve never put much credence into the amount of daily users' Meta reports (which is probably BS). The real problem with this social media platform lies in its ad spends.
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