An old adage says, 'Sell in May, and go away.' This strategy involves selling stocks at the end of April and then buying at the start of October or November. While this strategy has some merit, it doesn't hold true when the market is up from the start of the year to the end of April, at least from a backtest perspective.
While the products from its Reality Labs division aren't helping the company, they are exciting -- but not as exciting as Meta's advertising growth. In the first quarter, Meta's ad revenue rose 27% year over year to $35.6 billion. This accounted for a significant amount of Meta's $36.5 billion total revenue and played a huge factor in Meta's earnings per share (EPS) rising 114% to $4.71.
Meta's increased spending received a lot of attention, which caused the stock to drop following earnings. At these levels, the stock trading at 22 times forward earnings looks like a great bargain.
UiPath makes robotic process automation (RPA) software, which allows its users to automate repetitive tasks. When combined with the power of AI, this expands the number of tasks the platform can automate, increasing its usefulness. UiPath grew at a phenomenal pace during its fiscal fourth quarter of 2024 (ended Jan. 31), with annual recurring revenue rising 22% year over year to $1.4.
Collection
[
|
...
]