by Lance Roberts
My articles My offerMy siteAbout meMy videosMy books
Follow on:TwitterSeeking AlphaFacebookAmazon
| (4/28/22) Facebook/Meta's report last night boasted increased users but diminished revenues, boosting its opening price to just about its 50-DMA. Despite the rally in the stock, there is still some concern: Over the past 9-months, Facebook has been down nearly 50% from its 52-week high. We're concerned whether this recent rally can stick. Why does this matter? Because Facebook is among those giant stocks in the NASDAQ which comprise 33% of the S&P 500 Market Cap. When this stock rallies, the effect lifts the entire index. On Wednesday, the NASDAQ was down about 22% for the year, already in a bear market. Under the surface, there's been some real devastation: the lift we're expecting this morning from Facebook should move markets off the March lows. If we can get a bounce that holds, it will push the NASDAQ up towards the 50-DMA. But as inflation, the war in Ukraine, and Fed rate hikes cap upward movement, use any rally you see to rebalance portfolios and reduce risk. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #CorporateEarnings #Facebook #Meta #Markets #Money #Investing |
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
Tags: Featured,newsletter
