META Sep 2024 970.000 put
| Previous close | 458.76 |
| Open | 458.65 |
| Bid | 440.80 |
| Ask | 443.05 |
| Strike | 970.00 |
| Expiry date | 2024-09-20 |
| Day's range | 458.40 - 458.76 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Taiwan Semiconductor, Meta get bullish calls: Catalysts
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down some of the biggest stories dominating the trading week, from the 2024 election to bullish tech sector calls. While many Wall Street firms are boosting their forecasts on the S&P 500 (^GSPC), Piper Sandler is dropping its year-end price target for the S&P 500 altogether. Piper Sandler co-chief investment strategist Michael Kantrowitz breaks down the call, explaining, "If you're bullish on the S&P 500 this year for an institutional investor that's not buying the index, well, how does that really help them? Because you look at the market this year, we're up 16 [or] 17%. Typically, that much of a rally would come along with massive risk on leadership." President Biden faces mounting calls for him to drop out of the 2024 presidential race. AGF Investments chief US policy strategist Greg Valliere notes that Democrats are in disarray over the possibility of not just another Trump presidency but the potential to lose a congressional majority and governorships across the nation. "That would be a bloodbath for the Democrats, and that's a plausible scenario if [Biden] is still on the ticket,” he states. Because of these high stakes, Valliere believes that there is a solid chance that vice president Kamala Harris could take the reins as the Democratic nominee. The tech sector is getting bullish calls as Taiwan Semiconductor Manufacturing Company (TSM) shares hit an intraday high, surpassing a $1 trillion market cap. Wall Street firms are lifting their price targets on the chipmaker. Similarly, Wells Fargo lifted its price target on Meta (META) from $593 to $625 per share, citing its robust second quarter ad performance. While Big Tech continues to drive markets to new highs, former Chairman of the US Federal Communications Commission (FCC) Tom Wheeler joins the show to discuss how Big Tech should be regulated. "When we look at AI, we've got to recognize that all of the things that have happened in the last 12 months that have our heads spinning are probably the least amount of change that we will see in our lifetimes. And so the question becomes, how do we deal with that? How do we transform from an industrial economy that was overseen by industrial-era style regulation to a digital economy to an AI economy that has oversight to protect the public interest? And the challenge thus far is that at least in the United States, our policymakers have failed to step up to that challenge," Wheeler says. This post was written by Melanie Riehl
- Yahoo Finance Video
Meta receives price target boost from Wells Fargo
Shares of Meta (META) are slightly dipping on Monday morning despite Wells Fargo lifting its price target on the stock from $593 to $625 per share. The bank cites Meta's robust ad performance in its second quarter as a reason for the boost. Yahoo Finance Anchors Madison Mills and Seana Smith break down the latest developments for Meta and how the company may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Barrons.comMeta’s Top Line Will Rise Strongly, Say Ad-Spending Surveys
Advertising sales for the parent of Facebook and Instagram have accelerated for the last four quarters, and will continue for the rest of the year, data show.
