Meta mistake? [Video]
![Meta mistake? [Video]](https://editorial.fxstreet.com/images/Markets/Equities/Bovespa/bm-amp-f-75135517_XtraLarge.jpg)
Big-name tech earnings are in acute focus this week and Meta (formerly Facebook) will be eyed carefully by investors for signs of where the company is heading with the so-called ‘Metaverse’. The Metaverse idea seemed to be peaking as the Covid induced lockdowns kept everyone apart. However, with non-Covid life now being enjoyed by the majority of people, will the Metaverse end up being a ‘flop’?
This is the question that investors will want to know and analysts are noting that the Metaverse is getting less and less focus from the company. So, with tech stock in focus, it will be very hard for Meta to match its amazing seasonal pattern from the past.
Seasonally, Meta has gained 100% of the time between April 24 and July 25 over the last 10 years. So, with the bar set very high for this earnings release, would a disappointing earnings release be a dip worth buying?
Major Trade Risks: The major trade risk here is that earnings are much worse than feared, the Fed turn more hawkish next week, and tech stocks see a longer downturn.
Author
Giles Coghlan LLB, Lth, MA
Financial Source
Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.
