Meta declares a dividend and Amazon crushes earnings Feb 1 Market Update

$VRT $NXT

Author

Mukund Mohan
February 01, 2024

Market

"Meta revenue grew 25% YoY - the fastest since 2021, while expenses decreased 8% and operating margin was up 41%. The company declared a $0.5 per share dividend and stock-buy back program up to $50 Billion” 🫡 

Very strong rebound to the market after a selloff on Wednesday

Beautiful move by most stocks led by Nvidia, Amazon and Microsoft leading the way. Overall many stocks registered over 2% gains on the day.

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For the week Technology and healthcare are still leading

RACE (Ferrari) and SCMI continue to gain while one of the stocks I mentioned in solar (with terrific earnings NXT (Nextracker) went up 26%

Video of the day

Today’s video is on an international eCommerce leader - Mercado Libre $MELI

Deep dive of the day

Today’s writeup is on Fiverr - an online gig marketplace for freelancers FVRR

Fiverr Deep Dive

Online Freelance marketplace

blog.mukundmohan.online/index.php/2024/02/01/fiverr-international-ltd-fvrr-deep-dive/

Good setups for swing

$VRT should get to $65 by earnings - Feb 21

$NXT buy as close to $52 for a move to $65 by next earnings