Motley Fool Money 3 Stocks We’re Pitching
Jul 28, 2022
Maria Gallagher, a Senior Analyst at Motley Fool, dissects the recent performance of Meta Platforms, revealing the challenges posed by its metaverse investments and competition from TikTok. She shares CEO Mark Zuckerberg's candid take on the company's future. On a brighter note, Gallagher sheds light on Etsy's surprising profits amid falling sales, highlighting the tensions it faces with rising transaction fees for sellers. The discussion also touches on potential investment opportunities with stocks like Tractor Supply and Costco.
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Meta's Transition and Challenges
- Meta is in a transition period, investing in the metaverse and AI while facing competition.
- Mark Zuckerberg acknowledges worsening conditions, impacting revenue and strategic plans.
Etsy's Performance and Seller Concerns
- Etsy's Q2 profits and revenue beat expectations, with increased buyer growth.
- However, friction between the platform and sellers over fees remains a concern.
Tractor Supply's Niche and Growth
- Tractor Supply caters to the rural lifestyle, offering a diverse product range not found in mainstream stores.
- Their expansion during COVID attracted a new demographic, millennials.