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Formerly Facebook, Meta Platforms (NASDAQ: FB) is ‘The Social Network’, with more than 3 billion active users across its three platforms of Facebook.com, WhatsApp and Instagram. It generates most of its revenue from targeted advertising on its platforms. It also owns virtual reality headset company Oculus.
According to CNBC, the ‘Magnificent 7’ as they are now known (replacing previous nicknames such as FAANG and FANGMA) have returned 92% on average through October 5, 2023. With the third quarter earnings season unfolding, investor expectations are high and the results will need to be strong to sustain such a rally.
The benchmark S&P/ASX 200 (INDEXASX: XJO) closed 2.6 points lower, at 6,854, losing early gains. The broader All Ordinaries (INDEXASX: XAO) index, however, managed a 0.7-point gain, to 7,046.
The iShares S&P 500 ETF (ASX:IVV) could be the best way to passively invest in the stock market, in my eyes.
There’s a lot of uncertainty in the market at the moment. I’d look to quality exchange-traded funds (ETFs) that could deliver returns.
Are you on the hunt for the best stocks to invest in for Artificial Intelligence? Like NVIDIA Inc (NASDAQ: NVDA)? Or Tesla (NASDAQ: TLSA)? Or looking for some technology ETFs for AI exposure?
On The Australian Investors Podcast, Owen Rask, Drew Meredith and Jamie Nemtsas explain why now could be the time to consider property, how to invest in emerging markets and more.
The local share market posted another strong day, adding 0.7%, as news of the Federal Reserve potentially pausing rate hikes boosted the property and technology sectors, up 3.3% and 2.2%, respectively.
On The Australian Investors Podcast this week, investment analyst Owen Rask and financial adviser Drew Meredith, CFP, are back to answer your questions, discuss the economy and reflect on results from companies like RPMGlobal Holdings Ltd (ASX: RUL) and Kathmandu Holdings Ltd (ASX: KMD)
On The Australian Investors Podcast ‘2 Sense’ this week, your hosts analyst Owen Rask and financial planner Drew Meredith, CFP answer your questions on the best small cap fund managers, what to do when your Super balance is going to be… too high, earnings from META Platforms (NASDAQ: META), Microsoft (NASDAQ: MSFT) and more.
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