JPMorgan says that Meta (META) is one of their top picks for 2023. Alex Coffey and Jenny Horne discuss META, as the JPMorgan analyst says META's topline should begin to stabilize, but they would need to see greater cost cuts. They also note that META is being fined in Ireland for breaches in privacy. They also talk about how META reports earnings on February 1st, postmarket. Alex then demonstrates an example trade using META. The trade type is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.
19 Jan 2023