Full Meta Preview: Why The Street Expects An 8% Swing After Hours

After yesterday's MSFT/GOOGL tech-giant twofer, we continue this week's tech earnings juggernaut with Facebook Meta after the close, which the market expects to move a whopping 8% in either direction after earnings.

Ahead of Meta's earnings, we remind readers that according to Goldman it is one of the most concentrated stocks with a positioning score of 8 out of 10, and according to Goldman trader Peter Callahan, "investors expect another solid beat on topline with a 4Q guide implying further momentum (ex-FX). All the debate on 2024 expenses right now (and how this does, or does not, change current buyside ests)."