Here's an essential lesson from Meta's stock implosion

Hello Reader, There's no doubt you've seen the headlines by now. Meta (formally Facebook) is not having a great week after suffering a 30% post-earnings crash yesterday. Historically, Investors have often viewed big-cap tech stocks such as Meta as options that are as safe as Treasury bills. But as yesterday proved, that's not always the case. Canaccord Genuity chief markets strategist Tony Dwyer had this to say about FAANG stocks stability. "Everybody went and thought that some of these mega-cap growth names were defensive. It's not proving out that way," Dwyer said on Yahoo Finance Live. So, what caused Meta's No good, very bad Thursday? On Wednesday, the company said it added just 2 million monthly active users in the quarter, barely moving the needle from the prior quarter. Daily active users fell by 1 million as Facebook saw increased competition from TikTok. The company missed analyst profit estimates by a whopping 14 cents. This Meta rout hints that investors may look at the FAANG complex differently moving forward. What are the takeaways? To begin with, it might be time to reevaluate if FAANG investments are the defensive assets that they were marketed as. Secondly, it is essential to remember that a well-balanced portfolio can help mitigate losses. I'm still bullish on FAANG stocks, even with Meta's implosion. Google and Apple (winners in the cloud and wearables) present the opportunity to diversify while still cashing in on the consistent success of technology company stocks. Regards, [image] Andrew Graham Editor, Silver Ridge Market Report P.S. [Claim your free copy]( of Unstoppable Prosperity now. This free 279-page book reveals a time-tested, proven strategy that can help you capitalize on the generational opportunity available today to [help you thrive in all stock market conditions.]() 316 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 316 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 316 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. [Unsubscribe]( Silver Ridge Media 30 N Gould St, Ste R Ste R Sheridan, Wyoming 82801 United States