META

The market went wild after the close last night when META reported earnings. On top of a great earnings report, they reported their first dividend! In other words, they’re slowly turning themselves into a blue chip stock. No matter how much I dispise Facebook and how it brought us to the brink of civil war in this country during the Trump years, I have to admire what the Zuckster is doing. He’s smart and very strategic. Plus they have amazing open source tools like PyTorch and Llama for Generative AI. They are a technological marvel, that’s for sure. ...

History might not repeat but it sure rhymes which seems to be the case here. I remember back in 2000, right before the Dot Com crash when four stocks, affectionately known as the “Four Horsemen” ruled technology. They generated so many gains with quarter after quarter of earnings growth. It seemed to go on forever until it didn’t anymore. I’m talking about MSFT, INTC, CSCO, and Dell.. Today we’re repeating this same lunacy except it’s the Magnificent Seven that rule technology in nearly the same way. Their strong price action is pushing the S&P500 to new all-time highs, which I’m a BIG fan of, but I can’t help but wonder one damn thing. ...