SPACE ROCKET
2024-07-31
As much as I want to be optimistic and supportive of a stock whose services I frequently use, I'd like to remind yall about how META plunged from above $520 to as low as $410 post market after previous quarter's earnings release. Quite a number of companies report lacklustre earnings / poorer guidance/ more expenditure during the summer season, and META  happens to be one of them. Even if META were to do borderline well, market madness can drive unnecessary sell-offs and I'm not sure if I want to load up on META prior to its earnings. Heck, these days,  sell-offs happen even if you're not the one reporting bad results but your industrial peers!
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