$META
+18.7%
Meta Platforms, Inc.
Social Media
Advertising
Cup & Handle
Value Play
Why We Alerted
Reels monetization improving faster than expected. Advertising revenue acceleration and cost discipline creating strong operating leverage.
News & Catalyst
Meta's Reality Labs losses narrowing while core advertising business showing renewed strength. WhatsApp business platform gaining traction.
Our Analysis
<p>The narrative around Meta shifted dramatically once investors realized the efficiency gains were real and sustainable. We identified the cup-and-handle pattern forming over several weeks - a reliable bullish continuation pattern that played out perfectly. Meta's AI investments in content recommendation are paying dividends, driving engagement and subsequently advertising revenue.</p>
Trade Details
Alert Date
9/25/2024Entry Price
$520.00Exit Price
$617.24Profit/Share
+$97.24Profit Date
11/15/2024Time to Profit
51 daysAnalyst
Dan
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