We were bullish on META since near the lows and I said yesterday (to subscribers) I was bullish going into this earnings.
Stock up 19-20% currently on this report as I write this. Oh my.
Ex-one-timers EPS blew out EPS by like $1.12.
There were a lot of positives that sent the stock flying. They lowered their expense target for 2023. DAU accelerated, which we had expected and is usually the key for the stock.
We still have upside in our model currently 20 PE x 2023 EPS of $9.79 = $196.
It blew through it's 200 day today which is a technically bullish sign. I do think there's some resistance at 185. Purely technically if it has a convincing close above 185 it can go to 250. A nice close and there's running room much higher.
For our full earnings model or what direction we expect from Apple (AAPL), Alphabet (GOOG, GOOGL) and Amazon (AMZN) earnings tomorrow, join us with a free trial (here).
This article takes a small slice from our daily update that we posted to subscribers. Along with our non-stop chat and during-the-day calls, our updates include daily market calls, Fed calls, earnings calls, trading and medium term calls in large cap stocks like Tesla (TSLA) and Appla (AAPL) and key macro tickers like Bonds (TLT), Gold (GLD), Bitcoin (BTC) and Oil (USO). Led by long time pro Chaim Siegel, our goal is to help you make money with fewer headaches. Click this and you can try a free trial to get the rest, if you want. No pressure.
All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. 'Model portfolio' trades are hypothetical to show direction, conviction and timing. If live trades are shown it is as an approximate snapshot at the time of publication and can change at any time in-between publications. Opinions given are at this moment of publication and can change rapidly after this is published. If our calls are made public (outside the service) we may or may not update our opinions publicly. Elazar and its employees may take positions in the direction of the calls made in the service but also may add to or exit those positions at any time after this is published.