loader image

Will Facebook’s Earnings Dud Spoil the Rally?

by | Feb 3, 2022 | Stock Market Sectors

The Nasdaq is poised to open down almost 300 points following dismal earnings from Facebook parent company Meta Platforms — and more in Thursday’s stock market recap.

Meta Platforms Inc. (FB) dropped $71 per share, down a total of 23%, as the company missed on earnings, revenue, daily and monthly active users, and revenue per user.

The company cited inflation and supply chain disruptions as causes, saying users are increasingly choosing more affordable products, ones that “monetize at lower rates.”

We’re already seeing some volatility in the Nasdaq as a result, with it down over 2%. 

Meta’s drop is already priced in, so we’ll look to see if the Nasdaq can move higher today.  

In this morning’s stock market recap video, you’ll learn whether energy has more upside… whether bonds will continue with choppy action or break out… the No. 1 sector investors need to have in their portfolios… a look into market internals and volatility levels… an update on the most logical directional bias for the market… plus my No. 1 sector play.

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!

P.S. Let Wall Street Do the Heavy Lifting

Hedge funds and large institutions test out new stocks they want to add to their portfolios at the start of each month. They’re moving mountains of cash into new stocks, buying in chunks to test price sensitivity.

As they enter, the stocks are poised to gain momentum through the rest of the month. So when these moves pop up on my scanner… Joy of the Trade Head Trader Jeff Zananiri rides these babies all the way to the end of the month for gains like 105%… 201%… and even 423%!

Get the Latest Money Flows Here!

Stock Market Recap: By the Numbers

This morning’s stock market futures recap:

DOW (mini)

  • Close: 35,629.33.
  • Futures: 35,380.
  • Change: -110.

S&P 500 (mini)

  • Close: 4,589.38.
  • Futures: 4,516.75.
  • Change: -60.25.

NASDAQ (mini)

  • Close: 15,139.74.
  • Futures: 14,715.
  • Change: -403.5.

RUSSELL (mini)

  • Close: 2,029.52.
  • Futures: 2,001.7.
  • Change: -23.6.

Note: Updated as of 9:25 a.m. EST 

Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!

Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

Roger Scott

What to read next

99 Problems and a “Pivot” is One

99 Problems and a “Pivot” is One

A friend of mine sent me this chart about three months ago. I should probably print it and keep it in my wallet next to a photo of my daughter. Given the sheer number of questions I’ve fielded lately, I’ll probably end up showing this chart more than her picture.

read more
Everything Everywhere, Going Down, All At Once

Everything Everywhere, Going Down, All At Once

When our momentum reading went negative last week, I didn’t know that we’d have the second largest bank failure in U.S. history three days later. All I knew was that it went negative… and that we got out of the way.

read more
Trust But Verify…

Trust But Verify…

I want to talk about our version of “Trust but Verify” in the markets. Qualification is the most important part of the investing process. And this F score value strategy looks to be crushing the current market.

read more

Have any questions? Contact Our Customer Service Team