Meta (META) Exploring A.I. After Earnings Beat

Meta Platforms (META) earnings were released yesterday, April 26th, postmarket. Alex Coffey and Jenny Horne discuss META's impressive earnings report as its revenue came in $28.64B versus an estimated $27.56B and its adjusted EPS came in at $2.20 versus an estimated $2.02. They talk about how CEO Mark Zuckerberg said that META is exploring the use of A.I. They note that META hit highest level since January 2021 and its user engagement increased since the introduction of Instagram Reels. Alex then demonstrates an example trade using META. the trade type is buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

27 Apr 2023

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