Meta to report second quarter earnings with ad sales

Image source: Photo by Muhammad Asyfaul on Unsplash

Meta to report second quarter earnings with ad sales. 📈 The company is set to report its fiscal fourth quarter earnings, with analysts expecting $2.94 EPS on $64.5 billion revenue, driven by AI and cloud services growth. Investors are keen to see if AI investments are paying off, following Alphabet's mixed results last week. Yahoo Finance reports.

🌐 ChipAscend: Microsoft sinks, chipmakers climb as AI rally faces divide. Reuters reports.

🚀 ProfitPal: Paypal: Q2 earnings snapshot. Yahoo Finance reports.

🏆 P&Glory: P&G stock falls after earnings beat. MarketWatch reports.

🔬 ProfitDose: Pfizer beats earnings estimates. CNBC reports.

🌐 MultiCloud: Google parent's partnership with AI startup Anthropic under UK investigation. Yahoo Finance reports.

⬇️ AutoWoes: Toyota global output skids in June, dragged down by Japan and China. Reuters reports.

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

As a Trader, Do You Prefer Large Caps or Small Caps?

I prefer large caps, including tech and other sectors. The reason is simple: large caps have more volume, more data, and more reliable moves. If you want to explore small caps, look into high-performing small-cap funds.

Find their holdings and analyze the stocks they have in smaller percentages, such as 1%, 2%, or 3%. These are the stocks they are just starting to invest in and might become movers.

My preference remains with large caps because their price action and fundamentals are better tested.

The closing price of the top three market percent gainers trading near or above $3 on July 30.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $IMNN: IMUNON
Total gain: 178.99%
The company announced positive topline results from the Phase 2 OVATION 2 Study with IMNN-001 in patients with advanced ovarian cancer. Benzinga reports.

2. $ISPO: Inspirato Incorporated
Total gain: 45.61%
The stock appeared to be moving on no notable news.

3. $LUMN: Lumen Technologies
Total gain: 37.63%
Large tech companies have ramped up their spending on developing generative artificial intelligence (genAI), banking on big financial returns in the future. Behind the scenes are several developers facilitating this push, providing new AI infrastructure solutions to tech giants and clients, including from Avant Technologies, Vertiv Holdings, Microsoft Corporation and Lumen Technologies. Benzinga reports.

Time (ET) / Report / Period

10:00 am - Consumer confidence - July
10:00 am - Job openings - June

"To be successful in investing, one must be willing to endure periods of underperformance and remain committed to a proven strategy."

― James Montier

Sourced in:
“The Little Book of Behavioral Investing: How Not to Be Your Own Worst Enemy”,
by James Montier, published in 2010