Nasdaq AAPL Apple

Major online platforms face a yearly fee up to 0.1% of annual net income to cover the costs of monitoring compliance with new European Union rules requiring them to do more to police their content, an EU document shows.

Wall Street's main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation.

Apple Inc said on Tuesday it will host its annual developers' conference in an online format for the third year in a row, from June 6 to June 10.

Major online platforms face a fee up to 0.1% of annual net income to cover the costs of monitoring compliance with new European Union rules requiring them to do more to police their content, an EU document shows.

Wall Street's main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions to the central bank's balance sheet, spooking investors already on edge about the prospect of fresh sanctions on Russia.

Citrix Systems CTXS recently announced availability of its cloud-delivered and Zero-Trust Network Access (or “ZTNA”) solution — Citrix Secure Private Access. The solution is part of the company’s Citrix’s broad portfolio of secure access solutions.

Apple (AAPL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Wall Street's main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions to the central bank's balance sheet, spooking investors already on edge about the prospect of fresh sanctions on Russia.

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Wall Street ended higher on Monday, led by a rally in tech and communication stocks. The broader market also got a boost as investors shed off recession fears. However, they are still apprehensive about the bond market and plans of further sanctions on Russia. All the thr

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Memory chipmaker Micron Technology Inc on Tuesday named chip firm Qorvo Inc's finance chief Mark Murphy as its new chief financial officer.

Apple (NASDAQ: AAPL) is an iconic brand that has sold groundbreaking products and services worldwide. You can scarcely find an individual who has not used at least one of Apple's products. Further, Apple customers show a high degree of loyalty to the brand, often staying within t

3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. Designed to address large format or high-volume production applications, the two additive manufacturing (AM) solutions are claimed to

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Meta Platforms (NASDAQ:FB) announced that it would report its Q1 financials after the market closes on April 27. However, given the ongoing headwinds, Q1 results could remain challenged. 

For context, the company is struggling to add daily active users amid an increasingly competitive environment. Meanwhile, Apple’s (NASDAQ:AAPL) iOS privacy changes took a toll on its top line. Moreover, the slowdown in e-commerce growth, labor shortages, and supply-chain constraints adversely impacted ad spending and Meta’s financials. 

Now What?

Jefferies analyst Brent Thill recently held a call with an ad agency expert. Providing takeaways from the call, Thill stated that the expert sees ongoing supply-chain disruptions and rising inflation negatively impacting ad spending in 2022. 

The expert pointed to Meta's “poor video content offering, slowing audience growth, and large reliance on IDFA (Identifier for Advertisers) retargeting" as weaknesses. However, he added, "Unless AAPL introduces more restrictive privacy measures, our expert believes the worst of the
iOS impacts are behind FB."

Notably, during the Q4 conference call, Meta’s management stated that Apple’s iOS privacy changes could have a $10 billion impact on its business in 2022.

Further, citing macro headwinds, competition, and iOS changes, the company projected Q1 revenues to be in the range of $27-29 billion, which fell short of the Street’s consensus estimate of $30.15 billion. 

Irrespective of near-term challenges, Thill has a Buy recommendation on FB stock. Along with Thill, Monness analyst Brian White is also bullish on Meta Platforms.

In a note to investors, White wrote, "Despite a rough start to 2022, we believe Meta will continue to benefit from the long-term digital ad trend, participate in accelerated digital transformation, and innovate in the metaverse; however, we expect advertising headwinds and regulatory scrutiny to continue."

Bottom Line 

Macro headwinds, increased competition, and Apple’s privacy changes will likely hurt Meta’s near-term financials. Given the challenges, Wall Street is cautiously optimistic about FB stock. On TipRanks, Meta Platforms stock has received 32 Buy and 13 Hold recommendations for a Moderate Buy consensus rating. 

FB’s stock price forecast on TipRanks shows decent upside potential. The average Meta Platforms price target of $325.10 implies 39% upside potential to current levels.

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What happened The metaverse produced some real-world gains for investors on Monday. Shares in companies already active in the space, or likely to be so, rose notably on the day following a team of analysts' very bullish take on the industry. Bellwether stock Meta Platforms (NASDA

The NASDAQ 100 After Hours Indicator is up 9.09 to 15,168.67. The total After hours volume is currently 79,419,427 shares traded.The following are the most active stocks for the after hours session: Intel Corporation (INTC) is +0.03 at $49.23, with 2,615,181 shares traded. INTC'

Wall Street's main indexes rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine.

The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine.