The TikTok ban could reduce headwinds for social media stocks, says Angelo Zino. He discusses how markets are down as Powell remains hawkish. Angelo notes that the biggest beneficiaries of the ban would be Snap Inc. (SNAP), Meta (META), and Alphabet (GOOGL). He notes that Senators are to unveil legislation that could restrict or ban TikTok in 3pm ET news conference. He also mentions that CFRA is keeping a hold rating on META. Tune in to find out more about the stock market today.
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