Stocks ended a volatile Wednesday mixed, with the Nasdaq Composite and S&P 500 posting modest gains while the Dow Jones Industrial Average slipped slightly. Tesla (TSLA) led the gainers, soaring over 12% after the company announced plans for an accelerated launch of its lower-cost vehicle. Texas Instruments (TXN) and Humana (HUM) also posted solid gains after reporting better-than-expected earnings. Boeing (BA) plunged to a 17-month low after disclosing a first-quarter per-share loss and burning through $4 billion in cash. Meta Platforms (META) is expected to release its earnings after Wednesday’s close, following news that Congress passed a foreign aid bill that includes a potential TikTok ban. The TikTok ban has raised concerns about China’s potential misuse of American user data.
Results for: Meta Platforms (META)
Meta Platforms (META) is expected to release its first-quarter fiscal 2024 results on April 24th after the market closes. The company’s strong earnings estimates and positive earnings revision activity indicate a high probability of beating estimates. This has attracted attention to ETFs with significant exposure to Meta Platforms, including XLC, FCOM, VOX, IXP, and SOCL.