Author holds Meta stock expecting it has bottomed and upcoming earnings may surprise positively via buybacks or cost cuts.
META — LONG The author holds Meta stock because he believes it has bottomed out. He expects the next earnings report to include positive surprises such as a stock buyback or more cost cuts to Meta. He also notes concerns that Meta is behind in AI and Zuck's reputation is hurt by the metaverse spending, but still holds.
I have some meta stock, holding on to it because I think it bottomed out. Next earnings better have some surprises (stock buy back, more cuts to Meta etc..).