Meta Platforms, Inc. (META)

Great foundation of users. Lots of great products. Little concerned on Metaverse interest. Not investing at this time. Ability to generate cash is strong in software business. 

He just added more shares. Yesterday, their earnings were great

Trading at 19x PE, will have 24% earnings growth in 2024, then 17% growth in 2025 and are doing great cost-cutting. Is still a great business. Selling recently has been to rebalance portfolios and take some profits.

They report tonight--it'll be about their AI and their meta content library. It's had a great run this year, and he targets $371. Last time they reported they bear earning by 15 cents, so they must match that this time. Add a tranche at $290 and a final tranche at $265. Wouldn't go all in.

He sold it and has never bought it back. Trading at a decent 20x earnings. Sold it because the metaverse spending, which they got religion on that, and they reduced their workforce. Amazon is catching up quickly in digital ads, though. Meta has good opportunities in Instagram and Whatsapp, but have to monetize that. Shares have moved up because of cost cuts. Not sure about their future earnings, but their cost structure is much better.

Compelling price to growth. He models 20% growth, trades at 18x. You, can buy that all day long. Not to say it won't go down in difficult environments like this. Last quarter double-digit revenue growth, earnings beat, # of users beat.

She sold some of her shares. The top 10 S&P stocks trade at 25.9X PE, while all the rest is 16.7x. The gap is too wide.

Loves Meta for its 16x 2024 PE.

Megatech offers investors resilence in a higher-for-longer interest rate environment. Not not-profitable tech or consumer discretionary. Energy is another sector that offers this confidence, but no other sectors.

They delivered amazing numbers in their last report, crushing the numbers, to show how much money they can make in advertising. He expects the first of many great quarters, but traders think it's done. Wrong. Buy now.

The market is okay, not great nor bad, and it's a trading market. Meta was down $9, so he bought a trading position after shaving it a month ago.

More room to run. Beat last quarter on all sorts of metrics. Most analysts have raised EPS estimates in the last 30 days. A must-own. Despite all the hype, not a crazy multiple of 20x 2024, growing at 20%. Still good value.

They reported a good quarter after the bell: good cash flow, strong ad revenues and better than expected engagement. AI was a key driver.

Up 183% this year. When the Fed began to raise rates last year, the CEO was the first to cut costs (jobs) and this has driven this outperformance.