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My trading record (2022-07-29, bought US stock Meta)

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Explain the reasons of buying US stock Meta Platforms (META) and share my views.

Abstract: Explain the reasons of buying US stock Meta Platforms (META) and share my views.

Transaction detail

What I want to share with you today is the transaction I made on July 29. The details are as follows:

Bought stock

Meta Platforms Inc (META) 52-week stock chart
Meta Platforms Inc (META) 52-week stock chart
Image source: https://seekingalpha.com/symbol/META/chart

Reasons for buying Meta

Meta just announced its quarterly results. Due to the worse-than-expected results, the stock price dropped. The current price has dropped nearly 26% from when I increased my position in May. Advertising revenue fell, but I think this is in line with expectations. With the pessimistic economic outlook, it is normal for companies to cut advertising spending. The question is whether this poor advertising revenue is short-term or long-term. I tend to think it’s just a short-term problem. After a period of time, if the economy picks up, I believe that advertising revenue will recover.

Another question is whether the basic quality of Meta has deteriorated. I understand that the market is afraid that Meta’s market share will be taken away by TikTok, but I believe that there should be more than one company of this size in the global market, although TikTok may be able to beyond Meta, it does not mean that the value of Meta will go to zero. From the quarterly results, we can see that the number of users of Meta is still growing slightly, which reflects that its core value still exists – the largest customer base in the world. This selling point is the same as a year ago. It hasn’t changed, but the current price is very different from a year ago. I choose to believe that the current price is a super bargain, so I decided to increase the position slightly.

Comments and sharing

If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.

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