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Which Big Tech Stock to Buy on the Dip
Hey everybody Dave Bartosiak with Trending Stocks at Zacks.com. You hear that? That distant, faint sound of slow and painful death in the Metaverse? Yeah, that’s the sound of Zuckerberg getting torched for billions. Meta , the company formerly known as Facebook, not to be confused with Alphabet (GOOG - Free Report) formerly known as Google, reported earnings last night. The company reported EPS of 3.67 versus expectations calling for $3.79, on revenues of $33.7 billion. The bad news was the guidance was dropped to $27 to 29 billion.
That sent the stock tumbling dramatically overnight, crashing all the way under $240.
Meta was only one of the recent victims in the tech space. Paypal (PYPL - Free Report) , Spotify (SPOT - Free Report) andBlock have all taken tremendous tumbles. Of these once fairweather tech names, which dip should you buy? Let’s take a look at Zacks.com to try and figure it out.
Every time you share this video, somebody’s Mom tries to friend you on Facebook. Follow the Author, Subscribe to the YouTube channel, Twitter @bartosiastics, and check out Zacks.com/promo for this weeks deal on Zacks Ultimate. We’ll see you next time with Trending Stocks at Zacks.com, I’m Dave Bartosiak.