Why investors should be looking for thematic trades in this environment, and everything else to watch in markets on Monday, August 8, 2022.
Shares of Meta Platforms (NASDAQ: META) were rising this morning on no company-specific news. Instead, Meta investors may be pushing the stock higher as tech investors extend their recent optimism from last week. Investors may also be optimistic about Meta this morning as Congress begins to run out of time to pass an antitrust bill aimed at large technology companies.
Amazon (NASDAQ: AMZN) recently reported its second-quarter financial results, and Amazon Web Services (AWS) and the company's e-commerce business again got most of the attention. The company's ad market share is on the rise.