HomeLifestyleMediaCitigroup Upgrades Meta Platforms (FB) Stock
Citigroup Upgrades Meta Platforms (FB) Stock

Meta Platforms (FB) is the subject of today’s FOMO segment. In this segment Jenny Horne and Alex Coffey discuss Meta which is the parent company of Facebook. Alex talks about the meaning of FOMO or the Fear of Missing Out and discusses the downside of making trade decisions driven by emotions. This, in light of Netflix (NFLX) earnings release Wednesday which has shaken the market. Jenny talks about Meta (FB) being down 9.5% month to date and Citigroup upgrading Meta (FB) from buy to neutral with a price target to $300 from $258. Jenny also talks about Meta’s other platforms which includes Instagram and WhatsApp. Jenny and Alex discuss whether (FB) stock being down today is a possible sign that traders are wondering if what happened to Netflix (NFLX), could happen to Meta (FB) when it releases its earnings on April 27th. Finally, Alex demonstrates an example trade using shares of Meta (FB) which were trading around $202 per share midday Wednesday April 20th.

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