META (#FACEBOOK)

META (#FACEBOOK) weekly special report based on 1 Lot Calculation:

META (FACEBOOK): ARTIFICIAL INTELLIGENCE WORLD

• META A.I.: According to META, built with Meta Llama 3, Meta AI is one of the world’s leading AI assistants, already on phones, in pockets for free. And it is starting to go global with more features. One can use Meta AI on Facebook, Instagram, WhatsApp and Messenger to get things done, learn, create and connect with the things that matter.
• Llama 3: NEXT GENERATION OPEN SOURCE LANGUAGE MODEL. Meta Llama 3 is designed to build, experiment, and responsibly scale generative artificial intelligence applications. Llama 3 models are the most capable to support a broad range of use cases with improvements in reasoning, code generation, and instruction.

META (FACEBOOK): EVENTS AND ANALYSIS

• EVENT (CONFIRMED: WEDNESDAY, JULY 31, AFTERMARKET): Q2 EARNINGS RESULTS. Meta is expected to post 38.31 billion dollars in revenue, up from Q1 36.45 billion dollars. In addition, the company is expected to post a net income of around 12.81 billion dollars, up from Q1 12.37 billion dollars.
• EVENT (SEPTEMBER 25 - 26): META CONNECT. Connect will showcase a lineup of Meta’s latest digital solutions from its social media and XR umbrella. Meta has not yet revealed details on the event, other than the event will feature a number of expected sessions, featured technology, and speakers such as CEO Mark Zuckerberg. Historically, Connect is an event that reveals, among other things, deep insights into the firm’s XR roadmap. In past events, Connect events have featured the company’s rebrand, Meta Quest 3, and RayBan AR glasses.

COULD META (FACEBOOK) MEANWHILE ANNOUNCE A STOCK- SPLIT?

• STOCK PRICE ACTION: Meta has risen more than 1000% since its Initial Public Offer (IPO) took place in 2012 at a price of $38 a share. The stock was last trading around $500 a share. Please note that the price could decline.
• PEERS FROM THE “MAGNIFICENT 7” HAVE ALREADY HAD STOCK SPLITS. Apple, Amazon, Alphabet (Google), Nvidia, Tesla, Microsoft and Meta (Facebook) make the famously known group of “MAGNIFICENT 7”. All of the companies, except Meta have already had at least one stock split in the past.
• META (FACEBOOK) HAS NEVER BEFORE HAD A STOCK SPLIT. Meta is the only company from the “MAGNIFICANT 7” that has never had a stock split.
• META (FACEBOOK) HAS THE HIGHEST STOCK PRICE PER SHARE AMONG THE “MAGNIFICENT 7” COMPANIES. Currently, Meta has the highest price per share among the companies of “MAGNIFICENT 7”. It currently trades a little over $500, while the others from the group trade between $100 and $200 after conducted stock splits. Microsoft trades around $420. This makes the Meta stock less affordable to smaller (retail) investors, which have grown more influential over the past few years.
• POTENTIAL ANNOUNCEMENTS: Stock split announcements are predominantly made during the Quarterly Earnings Calls. For example, Nvidia announced its most recent 10 to 1 stock split during its Q1 earnings call on May 22, 2024. NEXT EARNINGS REPORT (CALL) FOR META (FACEBOOK): JULY 31, 2024 AFTERMARKET.

RECENT HISTORY OF SOME STOCK SPLIT PERFORMANCES AFTER NEWS ANNOUNCEMENT:

• AVERAGE PRICE INCREASE FROM ANNOUNCEMENT DAY TO STOCK- SPLIT DAY: 28.25%

SOURCES: YahooFinance, Bloomberg, Fortrade MT4

Please note that past performance does not guarantee future results

Please note that past performance of other companies does not guarantee future results of Facebook (Meta)

#FACEBOOK, July 26, 2024
Current Price: 460

Example of calculation based on weekly trend direction for 1 Lot¹

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 10:00 (GMT+1) 26/07/2024

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.