Meta Reality Check: Is It Time to Pump the Brakes?

LikeFolio data suggests Meta’s 200% year-over-year rally may no longer be grounded in reality... [Derby City Daily logo] [Derby City Daily logo] [Meta Reality Check: Is It Time to Pump the Brakes?]( By Andy Swan These days, you can't talk about the stock market’s best performers without mentioning Meta Platforms (META). Its 138% gain in the first half of the year was second only to Nvidia’s (NVDA) dominant performance, which returned 190%. Year over year, Meta shares have soared nearly 200%, vastly outperforming publicly traded peers like Snap (SNAP) and [Pinterest (PINS)]( As META’s stock price climbed to impressive heights this year, [MegaTrends]( subscribers watched as their gains rocketed higher... and higher... and higher. And our September 2022 buy recommendation on META? The [MegaTrends]( folks who followed it cashed out for [an incredible 114% return]( last week. (Congratulations if you were one of them.) But while Wall Street is still enamored with the Facebook parent company, we’re having second thoughts. Its future growth plans are steeped in a buzzword that’s lost its shine with consumers: the metaverse. [And despite the stock’s run higher, the reality is – Meta’s metaverse bet has yet to pay off...]( [Click here to continue reading]( [Andy Swan's signature] [Andy Swan's signature] Andy Swan Senior Analyst, Derby City Insights Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [25 Doomed Blue Chip Stocks]( [The Infinite Income Manifesto]( © 2023 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. Charles Street, Baltimore, MD 21201 To unsubscribe or change your email preferences, please [click here](. [Terms of Use]( | [Privacy Policy](