Meta Platforms (META): Tech Stocks Were Like An Army Ahead Of Its Supply Lines

RBC Capital remains bullish on Meta Platforms (META) given the rising engagement and improving conversion. Loop Capital sees the company's monetization momentum continuing with reels and Advantage+. They increased estimates to reflect META's "blow out" 2Q report. Alex Coffey and Jenny Horne discuss META and compare it with other tech stocks including Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), and Microsoft (MSFT). They talk about how META, AAPL, MSFT, and Nvidia (NVDA) shares are in correction territory. CFRA's Sam Stovall notes that tech stocks were "like an army that had gotten well ahead of its supply lines." Alex then demonstrates an example trade using META. The trade type is buy call condor and the direction is bullish. Tune in to find out more about the stock market today.