META — All updates

The week began at 660, and the stock rose slightly to 665. Now, Mark Zuckerberg has become the mature figure in the tech room, joining Jensen Huang in opposing the slowdown in artificial intelligence.

Mark Zuckerberg is simply saying that you are acting like children. You should be able to monitor the pace of your products at the company level. You shouldn't need the government.

You shouldn't need the nation or the world. This is your job. You should want to offer logical products. You must offer safe products. You must offer products that do not lead to you being sued or endanger people's lives.

with the correlation shifting between big-spending companies, such as Alphabet, Amazon and Meta , versus infrastructure companies . I referred to the date of approximately April 29 , which is when we saw a big surprise in capital expenditures, and it was clear that these companies could no longer finance it through free cash flow, so that link broke.

Apart from that, Meta Platforms is achieving remarkable success. Meta Muse is the new app that ranks first in the list of free apps on the Apple Store. That doesn't mean it's currently the most popular, does it?

But it is also the most downloaded. I think this is a very positive indicator for Meta Platforms.

I am interested in your opinion on Meta, as we may be starting to see a company that feels more confident in its role with the launch of its "Muse" platform .

Yes, absolutely. I mean, "Muse" is the big news announcement, and the stock went against the grain. While the market has been declining in the past few days, Meta has actually been rising, but the AI proxy " Muse" certainly represents an interesting area for Meta to get involved in .

If Meta can get, you know, past that 750 level, I think he's going to be in a groove.

after CEO Mark Zuckerberg weighed in on the AI safety debate. In a post on Twitter act, Zuckerberg said AI labs have both a responsibility and a financial incentive to train models safely.

He argues that trust and alignment will become key competitive advantages.

Zuckerberg noted that Meta delayed its personal AI agent Muse for several months to strengthen safety and security. Meanwhile, the information is reporting that Meta could be gearing up to unveil camerafree smart glasses code name Luna at next week's connect conference.

The glasses would reportedly let users interact with Meta AI and Muse through microphones and speakers without the recording concerns with a built-in camera.

Looking at Meta today. This is a stock that I was looking to short today, but it didn't give me the volatility that I needed. That is okay. First up, what I was looking to play was this gap fill right here at about 688.

Price got to about 644 and came well in as we see here, but that's all right. We uh, we don't chase when our levels get missed. We got to stay disciplined and responsible.

Your last one here is Meta. And Don, I have to say I do appreciate whenever you try to throw a bullish trade in there for us because I know you are a resident bear and that is your default.

So, it's always fun for me when you have one. But how are you looking at at Meta? Because I'm going to I'm going to bet you're going against the hype here with this name.

Um other movers today, we had Meta Meta trying to break out. It did close above this descending trend line. Will it confirm the breakout today? If it confirms, you're probably looking at $690 to $700 as an upside near-term target with further upside.

I could even see this moving up as high as $750. There's a gap fill up here that has not been filled.

Just a few hours ago, Mark Zuckerberg, the CEO of Meta, just posted something that in my opinion showcases why he might be the leader in this AI story.

And I want to explain a little bit more in today's episode share three stocks that I believe can benefit from the strength of Meta.

So, Meta's been a choppy mess, right? If you go back and look at Meta, Meta hit an all-time high over a year ago. So, if you bought Meta last year over the summer, you're still down.

If you bought it um last February, you're still down. If you bought it last April, you're still down.

And you so you look at Meta. Meta's up almost $20,000 here today.

Okay. Now, from there, Meta uh Meta is just I feel comfortable with the sizing of the Meta position. As I've told you guys many times, Meta is in what I would call, you know, it's stuck, right?

It's stuck between about 550 and 750. And so, it just kind of bounces in there. You know, if people are feeling real bearish, they'll push it down below that level. If they're feeling really, really bullish, they might push up.

But at the end of the day, Meta is not going anywhere in the very very short term just because the capex numbers are so out of control and people are still confused on if they're ever going to get this payback in regards to this capex spend.

Right? So Meta is just stuck longterm. It's a,000 to $2,000 stock. So do keep that in mind. Uh we just can't reach that level right now because we're stuck.

Meta will be one of, if not the top benefiting company from an overall coordinated AI slowdown.

The only company that's really spending on it as an indirect way of creating revenue is Meta. And the ways that Meta actually makes money from AI, their core business, that'll continue to monetize.

They can continue making improvements on that without the leading AI. Meta does not need to be on the bleeding edge to monetize their core assets directly.

Next up into Meta. Meta also trying to get a potential near-term breakout underway. Now let's rewind the clock to see and understand where we're at on this chart. We had Meta mainly contained in this inclining parallel since December of 2023.

We've had price break this range in March of this year and really tried to get back in, got rejected, tried to get back in, got rejected. Now we're making the third attempt to try to get back in and we are met with a lot of resistance derived from this declining trend line.

You see here on the chart back from September 18th connected over to major pivot here, the next major pivot uh back on July 15th. And you can see price over the last three days has moved up into that line and gotten rejected.

Moved up into that line, gotten rejected. Today so far has some staying power.

So, the first trade setup we're talking about is Meta. And as we know with downsloping trendlines, what do they mean? Well, it just generally means that the stock has been in a down and consistent downtrend.

Now, attacking this upper trendline, should it pierce, break above, and confirm, guys, it certainly favors a move higher up to, you know, maybe the next resistance level here on $750, 77744, and then potentially towards double top around 800 bucks. But it all starts with this trend line.

Meta has finally gotten out of the uh I would say rain clouds when it comes to all the, you know, uh regulatory pressure. Some of these settlements are behind them now. Muse Spark 3 is performing extremely well.

I love where Zuckerberg has the company directionally headed with open source and performance there.