Meta Platforms, Inc. (META)

It just keeps on going. Revenues and earnings are expected to grow 39% this year. What is holding it back is that they have said that the price per ad is going up instead of down, like with Google. They are getting a 14% increase. (Analysts’ target: $170).

They are up to 1.9 billion active monthly users. They have more users with more user time than any other social network. They provide the largest audience, and therefore the most valuable data for advertisers. Their ad revenue per user is growing very nicely, and the runway is very long term. Despite shares being near all-time highs, he continues to buy this for his clients. Shares are trading at a forward PE of 25X, near their historical low. (Analysts’ price target is $170.)

(A Top Pick April 5/16. Up 33%.) The biggest dominant player on the Internet with users. They have the audience that is able to tweak the apps that they have. A higher multiple, but they are definitely growing through that multiple at great rates. Good balance sheet.

A great company. A leader in social media and continuing to grow strongly. A lot has been reflected in the stock. They are continuing to perform really well. In the next 2 to-3 years, the stock will go higher again. He would wait for a pullback.

Too risky for him. P/E ratio is too high, and it is going to be many, many years before they ever pay a dividend. They have very good management and a lot of creative people, and he thinks this is not going to be a fad, but that they are going to find a way to be around for a long time.

This company has executed incredibly well. The acquisitions they made have taken off and done very well. If anybody wants to do online advertising, there are only 2 places to go now, this one and Alphabet (GOOG-Q). They are getting stronger and stronger, and have the capacity to go out and buy their competition.

Nobody needs to hold it considering all the gains. Take profits if you have made them. She sees no change in their trends. They will do phenomenally until it is over. You will never regret taking profits on a stock that has done this well.

$200 billion of business will move from the TV business to the Internet, and this company’s revenues last year were $27 billion, and they are growing at $10 billion a year. The new messenger is damaging all the other messaging apps. This company knows everything about you and can specifically target market you. A no-brainer. (Analysts’ price target is $164.)

This has been a wonderful company. They are becoming a platform company. Has had some hiccups, but really has been a great company. You are really coming down to a core group of names in technology that are large cap, investable and stable, and this one is pretty much at the top of the pack. Huge active monthly users, engagement is really high. They still have to monetize video. (Analysts’ price target is $164.)

A well run company and generating revenues faster than the S&P500. PE is 21 times. Buying it at the IPO would have been a no-brainer. They are spending a lot on R&D. If they get the growth 5 years out this could be very inexpensive.

(Top Pick Mar 2/17, Up 29%) They have done such a phenomenal job of growing this so actively. They have big free cash flow. They can take that and invest it. They are going to gobble up SNAP-N. They are in all the right spots.

Their advertizing is only 15% of online advertising. It is still early days for them in a growing market. Valuation is actually very reasonable. (Analysts’ target: $163.00).

A large position for him. It continues to defy skeptics. 1.2 Billion users daily. They are clearly the leader in social media. He likes them a lot.

He does not think it is expensive. It is at a discount to companies that can’t grow, like utilities. FB-Q still has growth opportunity. They are well positioned.

This always trades at a pretty expensive multiple based on short-term earnings, and becomes even more when it becomes clear that this is a default place people go when they want to do online advertising. They’ve been pretty smart in deploying capital and making acquisitions. As long as they continue to do that, this will continue to do well.