'CLEARING EVENT': Meta faces a NEW RISK after social media addiction settlement
- Video return
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- Calls
- 2
- Buy / Sell
- 2 0
- Published
Recommendations
Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $578.02 28 Aug 2026Current $578.02 28 Aug 2026Result +$0.00
It's our number one pick, I stick with it.
Context "I think there have been two overhangs on Meta. ... And it's our number one pick, I stick with it."
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Entry $266.43 28 Aug 2026Current $266.43 28 Aug 2026Result +$0.00
we continue to like the stock and think that fundamentals are getting stronger.
Context "There are three needle movers for AM and we continue to like the stock and think that fundamentals are getting stronger."
Full Transcript
>> ALL RIGHT. LET'S TAKE A LOOK AT THESE FUTURES WITH THE MARKETS ABOUT TO OPEN ESSENTIALLY FLAT AS YOU CAN SEE. ONLY DOWNWARD MOMENTUM IS ON THE NASDAQ AND THAT'S A QUARTER OF A PERCENT. MARK MAHANEY JOINS THE SHOW NOW. GREAT TO SEE YOU. YOU HAVE AN 860 PRICE TARGET ON META. ARE YOU STILL CONFIDENT IN THIS STOCK? ESPECIALLY AFTER THE SOCIAL MEDIA ADDICTION SETTLEMENT. WHAT SAY YOU? >> WELL, I THOUGHT THAT THE DEAL REACHED WITH ALMOST ALL OF THE STATE'S ATTORNEYS GENERAL WAS A CLEARING EVENT FOR META STOCK. I THINK THERE HAVE BEEN TWO OVERHANGS ON META. ONE IS THE UNCERTAINTY, UNCERTAIN OUTLOOK OF THE STATE'S CASE AG CASE AND THERE ARE OTHERS, TOO. AND THE OTHER UNCERTAINTY IS THE RETURN THEY'LL GET ON CAPEX SPEND. THE MOST DISLOCATED. AND IT'S OUR NUMBER ONE PICK, I STICK WITH IT. ASHLEY: VERY GOOD. YOU RAISED OUR AMAZON PRICE TARGET FROM 315 TO 355 AFTER YOUR ANNUAL SURVEY. IS THIS HOW THE COMPANY IS USING A.I.? >> IN PART, ASHLEY, THAT'S RIGHT. THERE WERE TWO OR THREE THINGS. A THIRD OF AMAZON USERS SAY THEY WERE SPENDING MORE WITH AMAZON BECAUSE OF ALEXA FOR SHOPPING, BECAUSE OF THEIR A.I. AGENT. SECONDLY, WE FOUND THERE'S REASONABLE RESPONSE FOR WILLINGNESS TO SPEND MORE FOR PRIME. WE HAVEN'T HAD A PRIME PRICE INCREASE, IT'S CURRENTLY $139 A YEAR. WE THINK NEXT YEAR $159 SIMILAR WITH COMPANY CADENCE, BUT WE'RE SEEING THAT POSITIVE PRICE RESPONSE AND THIRD IS AMAZON HAS BEEN INTRODUCING WHAT THEY CALL PERISHABLE CHECKOUT AND ROLLING IN GROCERIES WHEN PEOPLE CHECK OUT FROM AMAZON AND ABOUT HALF OF AMAZON CUSTOMERS THAT HAVE SEEN THIS HAVE ACTUALLY PURCHASED MORE GROCERIES BECAUSE OF THIS. THERE ARE THREE NEEDLE MOVERS FOR AM AND WE CONTINUE TO LIKE THE STOCK AND THINK THAT FUNDAMENTALS ARE GETTING STRONGER. [BELL RINGING] . ASHLEY: VERY GOOD. WORKING RIGHT UP TO TH
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