META Nov 2024 645.000 call
| Previous close | 13.13 |
| Open | 13.40 |
| Bid | 13.20 |
| Ask | 13.45 |
| Strike | 645.00 |
| Expiry date | 2024-11-15 |
| Day's range | 12.70 - 13.77 |
| Contract range | N/A |
| Volume | |
| Open interest | 275 |
- Yahoo Finance Video
Rivian, Seven & I Holdings, Meta: Stocks in focus
Morning Brief co-hosts Seana Smith and Brad Smith break down today's top trending tickers on Yahoo Finance: Rivian (RIVN) stock drops after the electric vehicle maker cut its full-year production outlook, citing parts shortages and slowing EV demand. Seven & I Holdings (3382.T) shares surge following reports that the 7-Eleven parent company is considering selling a majority stake in its supermarket business before the end of 2024, ahead of a potential IPO. Meanwhile, Meta Platforms (META) faces new restrictions in the European Union, as regulators ruled the company must limit its use of personal data for targeted advertising on Facebook. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
Jobless claims data, market volatility, China stocks: Morning Brief
On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market and report on some of the biggest stories of the trading day. All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower on Thursday amid the latest labor market data and increasing Middle East tensions. Initial jobless claims for the week ending September 28 rose to 225,000, slightly above the estimated 221,000. Oil prices (CL=F, BZ=F) are continuing to spike as tensions boil between Israel and Iran. US stock markets are experiencing a period of heightened volatility, driven by a variety of factors including Hurricane Helene, the upcoming US presidential election, and escalating Middle East tensions. The Wealth Consulting Group's chief market strategist Talley Léger acknowledges that markets have been hit by numerous events that could potentially unsettle investors, questioning, "when are they perfectly certain?" However, he notes that such turbulence is a common occurrence in financial markets, adding that "through it all, the stock market has continued its inexorable march forward." Due to this dynamic, Léger advises investors to view market dips as potential buying opportunities. The rotation out of Big Tech has become evident, with the standout "Magnificent Seven" (AAPL, TSLA, GOOG, GOOGL, AMZN, META, MSFT, NVDA) names no longer being the market frontrunners they once were. Roundhill Investments CEO Dave Mazza notes that the Magnificent Seven's market leadership "hit an abrupt stop" in mid-July, fueled by the unwinding of the yen carry trade. While Meta has been the only name to somewhat recover, Mazza believes "it's too early to give up" on the Magnificent Seven. Barton Crockett, Rosenblatt’s senior research analyst, outlines his bullish stance on Meta. “The growth supports the multiple… The bigger backdrop, we think, is that people are getting more comfortable with Meta’s strategic positioning. Their investments in AI have yielded improved returns on investment for marketers and better engagement from users, and they've kind of led and developed this direct marketing to kind of small- or mid-sized companies globally. This almost new niche that they've pioneered and owned.” Crockett explains. The Hang Seng (^HSI) ended the day lower after 13 straight days of gains following a wave of stimulus measures aimed at bolstering the country's struggling economy. While JPMorgan has warned investors about the risks of chasing the rally given its high valuations, KraneShares CIO Brendan Ahern argues it's still in the "very, very early innings." With more information about fiscal policy expected from Chinese officials, the rally could continue. He adds, "Instead of looking through the rearview mirror, let's look through the windshield." This post was written by Melanie Riehl
Insider MonkeyWells Fargo Raises Meta Platforms, Inc. (META) Price Target to $652 Amid Reports of AI Training Using Ray-Ban Smart Glasses Data
We recently compiled a list of the Top 20 Trending AI News And Analyst Ratings. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other trending AI stocks. Artificial intelligence (AI) startups have taken the finance world by storm in the past few months. This interest […]
