Why ad spending may be fine
Both Meta (META) and Amazon (AMZN) are set to deliver their latest quarterly reports this week, giving more insight into the tech sector. Meta is up first, with many investors concerned about how much advertisers are spending on its platforms.
RBC Capital Markets internet analyst Brad Erickson joins Market Domination to give insight into Meta’s upcoming earnings and what investors should know about its performance in the advertising space, while also briefly touching on Amazon.
“We think Meta is actually going to guide just fine. We know there’s a lot of concern. We know there’s a lot of smoke out there in the macro, but we do think fundamental results are going to be there. Now, the kicker on Meta is how is Mark Zuckerberg going to sound on capex, the metaverse, AI, and return on investment timeline very, very hard to predict. But fundamentally, I think we’re feeling actually quite good on Meta heading into the print.”
Watch the video above to hear which stock Erickson prefers: Amazon or Meta?
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Nicholas Jacobino
#spending #fine