Meta (Facebook) shares were heavily down last week on missed earnings. The average price charged per ad fell by -18% and revenue fell by 4% to $27.71 billion. Costs however increased by 19% to $22.05 billion. So, does this missed earnings report that Meta is not a good buy right now?

Meta plan to address the missed earnings by making significant changes across the board to operate more efficiently. Meta has increased scrutiny on all areas of its operating expenses, but note it will take time to play out in terms of Meta’s overall expense trajectory.

However, will this be enough to help Meta shares rise in line with its seasonals?

Over the last 10 years, between November 10 and January 01, Meta shares have returned an average of 5.70%. The maximum loss in this period has only been -5.27%, so do Meta shares offer value at these prices?

Major Trade Risks: The major risk here is that previous seasonal patterns will not necessarily repeat themselves.

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