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Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.
Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, , Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta
Taking in to account everything from stock prices to measures of borrowing costs for the government, businesses and households, financial conditions matter to monetary policy. On Friday, the Federal Reserve reported that its Financial Conditions Impulse on Growth for June moved to 0.458, from May’s 0.603 reading. Meanwhile, Goldman Sachs’ closely watched Financial Conditions Index has been easing fairly steadily since May. An explicit goal has been to tighten financial conditions. Even as many key aspects of the economy have remained strong in the face of higher rates, inflation pressures are easing.
Persons: Benson Durham, Piper Sandler, Goldman Sachs ’, Jerome Powell, ” Powell, Piper Sandler's Durham, Michael S, Dan Burns, Matthew Lewis Organizations: Federal, Fed, Federal Reserve, Bank of America, Derby, Thomson Locations: Chicago, New York
This as-told-to essay is based on a conversation with Bianca D'Alessio, a broker for Nest Seekers International and castmember of 'Selling the Hamptons.' Across the market, different price points are responding differently. When you're a renter, you're paying someone else's mortgage; when you own, you're paying yours. Once they've identified them, we can move forward in having a conversation of what's possible in different areas and at different price points. At different price points, different inventory types, and in different cities, we're going to feel different adjustments.
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