{Meteoric Upside} Why This Stock Still a Buy Even After a 150% Run

Plus, an expert says the bear market is almost over, time to load up on stocks! Unlock the Magic of Tomorrow's Tech Boom!  Discover the final technological frontier that early investors [can't afford to miss](. By clicking the link above you agree to periodic updates from WealthPress and its partners [(privacy policy)](  The Case for Buying Meta Stock After Its 152% Surge [Image]  Hello Stock Traders  Today's stock spotlight is all about Meta Platforms (META).  After a pretty rough time, with the stock crashing nearly 80% over 14 months, it's now bouncing back like a champ since last November.  The turnaround started with job cuts, and you know what they say, "one person's misfortune is another person's opportunity."  A second round of job cuts in March led to big earnings revisions, especially for 2024, giving Meta stock some much-needed juice.  Now, the bull case for Meta relies on revenue growth, and there are some good signs.  With that said, let's chat about whether Meta stock is a buy or not.  Meta's Q1 results are coming soon, and analysts predict earnings per share of $2.02, which is 26% down from last year.  But hey, it's an improvement from the 50% declines they've had recently.  Revenues are expected to slip just 1% to $27.6 billion. Not bad, right?  Meta's sales have been pretty stagnant, but there's some hope for growth.  Analysts are expecting 5% growth this year and a whopping 11% in 2024.  With job cuts and reduced spending, this could translate into strong earnings growth. Silver lining, anyone?  Now, let's take a trip down memory lane.  Back in early 2022, Meta's sales started to tank as Apple's privacy changes took effect.  Apple began requiring apps to ask users if they wanted to be tracked across third-party sites, and as you might have guessed, most people said "no thanks."  This left Meta in a pickle, as they couldn't target ads as effectively.  In February 2022, Meta revealed that Apple's privacy shift would cause a $10 billion revenue hit for the year. Ouch.  On top of that, there was an e-commerce slowdown, and ad prices took a nosedive.  It was a rough time for Meta, but hey, when life gives you lemons, you make lemonade, right?  Well, Meta's been busy making that lemonade. They're now using artificial intelligence to predict consumer interests instead of tracking users, and they're developing alternative ad formats that keep interactions within their own apps.  Genius, right?  On the Q4 earnings call, CEO Mark Zuckerberg (you might've heard of him) said AI helped boost ad conversions by 20%.  That means people are more likely to click on ads, and advertisers get more bang for their buck. Plus, new ad formats like click-to-message ads and shop ads are starting to rake in some serious cash.  It's also worth mentioning that Meta's been playing catch-up with TikTok, which has been stealing the spotlight in recent years.  Meta launched Reels on Instagram to compete, but it took some time to figure out how to make money from it.  Now, they're finally seeing some progress, with 40% of their clients advertising via Reels.  Analysts are also feeling pretty good about Meta's prospects.  Piper Sandler's teen survey showed that TikTok's popularity dipped slightly, while Instagram's grew.  Jefferies analyst Brent Thill predicts Meta's revenue growth will speed up in the second half of 2023, thanks to AI and the click-to-messaging business.  There's also some buzz around Meta's potential in generative AI, though there hasn't been much news on that front.  Zuckerberg did mention that generative AI is a focus this year, so keep an eye out for updates.  As for Meta stock, it's been on a bit of a crazy streak lately.  It hit an 11-month high of 222.11 on April 14, a 152% increase from its low last November.  However, it recently dipped 0.7% to 211.46 in early Monday stock market action.  Last week, Meta stock had its first down week since before they announced a second round of 10,000 layoffs on March 14.  So, what does this all mean for those looking to buy Meta stock?  Well, it recently pulled back to its 21-day exponential moving average, which could be a good time to jump in if the market were in a full-on bull rally.  But since the market is in a more cautious uptrend, waiting for a pullback to the 50-day or 10-week line or a new consolidation might be a safer bet.  As always, keep an eye on the market and stay informed to make the best decisions for your investment portfolio.  Trade safe!  -James  Coming Up Next: According to this investor, its time to load up on stocks, as the bear is almost over. 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Veteran Investor Says It's Time to Shop With the Bear Market Almost Over With the Federal Reserve battling inflation and big investment banks warning about potential downturns, you'd think things are looking pretty grim.  But surprise, surprise!  The S&P 500 has given investors an 8% return this year, and the economy has been more resilient than a honey badger.  I mean, the Atlanta Fed is predicting a 2.5% GDP growth for the first quarter, and unemployment rates are chilling at a near-record low of 3.5%. As a result, even some Wall Street veterans are starting to feel a little bullish.  James Demmert, the founder and CIO of Main Street Research (managing a cool $2 billion in assets), believes we're entering the final stretch of the bear market.  He thinks it's time for investors to dive into great companies with reasonable valuations. In his opinion, a new bull market is just around the corner, with tech stocks looking especially tempting.  Now, tech stocks took a pretty hefty 30% plunge last year, but they've managed to bounce back in 2023.  Demmert acknowledges there are still risks and overvalued equities in the sector, and some investors might be a tad "overly optimistic" about the Fed's ability to boost tech shares.  But that doesn't mean there aren't tech companies worth owning.  He's expecting big names like Apple and Microsoft, as well as cybersecurity stocks, to meet or even surpass earnings expectations this year.  Demmert suggests that investors should have a list of reasonably priced tech stocks to allocate some cash to, and he thinks now's the time to buy on any market dips.  But, he cautions that not all big tech companies should be lumped together, pointing out that Amazon trades at nearly 80 times its earnings (yikes!).  Instead, he recommends focusing on companies with attractive price/earnings ratios and those with "moats" that can deliver consistent earnings even in a contracting economy.  Now, if you're not familiar with the term "economic moat" (I mean, who wouldn't be, right?), it was coined by none other than Warren Buffett in 1995.  Basically, it refers to a company's ability to maintain a competitive edge over its peers, whether it's through scale, technological expertise, high startup costs, or some other factor.  Buffett eloquently explained that the key to investing is determining a company's competitive advantage and, more importantly, the durability of that advantage.  Demmert isn't the only one feeling bullish about stocks with moats.  Bank of America equity strategist Savita Subramanian shared 10 reasons for optimism in a recent research note.  She pointed out that the market usually rallies during the summer, strong productivity gains are good for margins, and private equity firms have a near-record $2.2 trillion in "dry powder" they could use to buy stocks, boosting share prices.  And if you're worried about a possible recession, Subramanian isn't too concerned. She believes the Fed has the power to "soften the impact" through rate cuts.  To quote her directly: "Recession, shmecession. Own stocks over bonds."  So, while the stock market's future may seem uncertain, don't lose hope.  There's still potential for investors to find solid companies with economic moats to invest in.  And remember, when life gives you a bear market, ride it out and wait for the bulls to come charging back!   Disclaimer:  The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.  Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.  Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio.  Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. 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