Time To Offload This Red-Hot FAANG Stock? Ex-Hedge Fund Manager Says Don't Pull Sell Trigger Despite 220% Surge Since November
Portfolio Pulse from Shanthi Rexaline
Meta Platforms, Inc. (NASDAQ:META) stock has surged 220% since November, but ex-hedge fund manager Whitney Tilson believes it's not time to sell yet. He cites the company's high-quality business and bright future as reasons to let the stock run. Factors contributing to Meta's rebound include positive sentiment around tech stocks, streamlining operations, challenges faced by rival TikTok, and involvement in the AI technology sector.
June 22, 2023 | 9:43 am
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Meta Platforms' stock has surged 220% since November, but ex-hedge fund manager Whitney Tilson advises against selling, citing the company's high-quality business and bright future.
Whitney Tilson's bullish stance on Meta Platforms is based on the company's high-quality business and bright future. Factors contributing to the stock's surge include positive sentiment around tech stocks, streamlining operations, challenges faced by rival TikTok, and involvement in the AI technology sector. These factors are likely to continue supporting the stock's growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100