April 24th Stock Market Update - Meta stock plunges on weak quarterly guidance

$GM $PAGS $CPNG

Market

“Meta (Facebook), dropped more than 10% after hours to $415, after posting good earnings, but revised guidance lower and signaled capex will be higher to $35-$40B, as opposed to $30-$35B estimated.” 🤨 🥴 

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Mixed day, NASDAQ was higher thanks to Tesla, should go lower tomorrow on META

Still a neutral position, with more likelihood of going lower (Meta earnings will not help tomorrow). The expectations for Google and Microsoft earnings are high, so it will be volatile after hours tomorrow.

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Technology stocks were mostly higher on Tesla earnings, and Apple continued its recovery

Chipotle went up over $3000 after hours on increased guidance as Tesla moved 12% higher on the day. Strong move by Texas Instruments ($TXN) as well.

Insights from the portfolio

Video of the day

Today’s video is on Coupang, $CPNG the Korean eCommerce company.

Deep dive of the day

Good setups for swing