Trade Findings and Adjustments 10-26-23
META Earnings –
– Smoked their EPS estimates $4.39 vs $3.63 expected
– 164% net income increase from 1 year earlier
– GOOGL and SNAP ad revenue increased 9.5% and 5%
respectively
– AAPL last year made privacy requirements that hurt META’s
tracking of users for ad targeting.
– META started using AI to help with ad targeting since AAPL made
it difficult, which helped gain back some of that lost revenue last
year.
– Why is META down?! Israel/Palestine conflict might damper ad
sales in the near term…
– But I think any damper probably already happened since the
conflict started on Oct 7 th .
– Look for a bottom in META and possibly buy some Leap Call
Options
