META Sued By Spanish Media Assoc., Positive GM Outlook, Cybersecurity Stocks Get Adjusted

Spanish Media Association sues Meta Platforms (META) over an unfair advantage in advertising. The lawsuit states that Meta’s “systematic and massive” use of personal data allows it to sell ads with an “unfair competitive advantage.” General Motors (GM) was upgraded to a buy a Mizuho. The analyst notes that sentiment “is at a bottom” given the weak consumer, 25% UAW wage hikes, and cruise and E.V. challenges. Citi also adjusts its price targets on multiple cybersecurity stocks including Zscaler (ZS), Crowdstrike (CRWD), and Okta (OKTA). Finally, Lululemon (LULU) was downgraded at Wells Fargo. The analyst recommends taking “chips off the table” following a solid run year to date. Jeff Pierce discusses news in all of these stocks. Tune in to find out more about the stock market today.