$META bounced 3.7% in the last 24h but is still 6.8% below its Oct 13 close going into earnings.
Meta reports Oct 21 after the US close (20:01 UTC). Consensus is $63.34B in revenue and EPS of 6.54.
Levels on the futures chart:
- Oct 13 close 763.6, high 772.1
- Today's low 689.6, now 711.5
- Resistance 718 to 724, just above price
- 30-day low 682.4 from Oct 20
Meta keeps raising AI spend and Muse got a good reception. This report has to answer one thing: do ad revenue and margins show the spending pays, or does capex guidance go up again with no clear return?
Price sits just under 718 to 724. A good report needs to clear that zone. A break under 682.4 after the numbers would say the sellers were right.
My position: I bought a small spot bag near 700 before the report. If 682.4 breaks after the numbers, I'm out.
Which line will you read first tonight: revenue growth or the capex guide?
NFA. DYOR.
$META
#EarningsSeason
Meta reports Oct 21 after the US close (20:01 UTC). Consensus is $63.34B in revenue and EPS of 6.54.
Levels on the futures chart:
- Oct 13 close 763.6, high 772.1
- Today's low 689.6, now 711.5
- Resistance 718 to 724, just above price
- 30-day low 682.4 from Oct 20
Meta keeps raising AI spend and Muse got a good reception. This report has to answer one thing: do ad revenue and margins show the spending pays, or does capex guidance go up again with no clear return?
Price sits just under 718 to 724. A good report needs to clear that zone. A break under 682.4 after the numbers would say the sellers were right.
My position: I bought a small spot bag near 700 before the report. If 682.4 breaks after the numbers, I'm out.
Which line will you read first tonight: revenue growth or the capex guide?
NFA. DYOR.
$META
#EarningsSeason