To The Moon

Took several call contracts at the dip to bet on META’s positive earnings as anticipated to breach 310as posted yesterday. ⚠️ Trading tips: Now waiting for the market to open to scale out partially and holding on to the rest for more upside potential.  Looking to take on calls from profit taking on Thursday. Ready to join me for the next tech earnings? 🥳

Meta's shares surged by more than 7% in after-hours trading, a sign that investors are encouraged by improvements in digital advertising even as concerns about the metaverse remain. The company reported second-quarter revenue of $32 billion, up 11% compared with a year ago, and the largest quarterly growth since the final quarter of 2021.

More room to grow ahead!

Facebook parent Meta Platforms reported its highest quarterly sales growth since 2021 as digital advertising continued to rebound, but the company also signaled that spending for its experimental metaverse unit would surge in 2024.

Meta said Wednesday that it expects capital
expenditures to grow in 2024 compared with a small decline expected for this year as it works to build more generative artificial- intelligence capabilities into its networks. It expects operating losses in its Reality Labs division that
houses much of its metaverse efforts to grow meaningfully in 2024. That unit has run up more than $15 billion in losses over the past four quarters.

But core operating margins of the company's advertising business are now back above 40% -- up 6 percentage points from six months ago. Chief Executive Officer Mark Zuckerberg clearly got the message from the brutal selloff that
followed his first run at the metaverse. "I'm going to be focused on continuing to run the company as lean as possible for these cultural reasons even though our financial results have improved," he said on Wednesday's call, adding that Threads was built "by a relatively small team on a tight timeline."

Waiting for market to open! 🥳

The company's ad revenue jumped 12% year over year to $31.5 billion for the second
quarter, beating Wall Street's projections by 4%. Meta projected total revenue growth at a midpoint of 20% year over year for the third quarter compared with the 13% growth Wall Street had been expecting.

Meta posted a net profit of $7.8 billion for the second quarter, a 16% increase from the year-ago period, and an increase from $5.7 billion in the January-to-March quarter.

Thus far in 2023, Meta has seen its shares more than double as Zuckerberg has focused on cost-cutting, developing new generative AI technology and the launch of Threads, a micro-blogging app the company launched to compete with the business formerly known as Twitter, which billionaire owner Elon Musk rebranded as X.

Meta reported that Facebook's daily active user base increased to 2.06 billion users, up from 2.04 billion the previous quarter. The increase defied expectations of analysts surveyed by FactSet who thought user numbers would remain flat.

My first Tiger option trade 🐯

Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! 🤑

@CaptainTiger @MillionaireTiger @TigerStars @Daily_Discussion @koolgal @Andreana @Aqa @KylerLee