According to a recent Reuters report, the company is advancing plans to expand its data center operations in rural Louisiana, attracting heavyweight financiers. Pacific Investment Management Company LLC (PIMCO) and Blue Owl Capital Inc. are leading candidates to finance the project, with proposed contributions of $26 billion and $3 billion, respectively. Other firms, including Morgan Stanley, Apollo Global Management, and KKR, were considered but remain in early-stage talks.
Strong Financial Performance but Dividend Uncertainty Remains
Meta’s Q2 financials showcased substantial growth: revenue soared from $39.07 billion to $47.52 billion year-over-year, beating the consensus forecast of $44.72 billion. Earnings per share (EPS) rose to $7.14 from $5.16, surpassing the $5.85 estimate. Despite this, the Board of Directors has yet to announce a quarterly dividend for Class A and Class B shares. If approved, the payout could reach $0.53 per share, equating to a modest yield of 0.31%—still well below the sector average of 0.74%.
Technical Outlook: Uptrend Intact
On the daily chart, Meta continues to trend higher, moving just below the resistance line of the $850–$730 channel. Technical indicators reinforce the bullish outlook: fast EMAs (Alligator indicator) remain above the signal line, while the AO histogram prints positive correction bars.
Key Levels and Trading Scenarios
- Resistance: $785, $840
- Support: $737, $678
Long Scenario: Enter after a breakout above $785, targeting $840, with a stop-loss at $760. Recommended holding period: 7+ days.
Short Scenario: Consider short positions if the price drops below $737, aiming for $678, with a stop-loss at $760.
| Type | Entry | Take Profit | Stop Loss | Key Levels |
|---|---|---|---|---|
| BUY STOP | 785.05 | 840.00 | 760.00 | 678.00, 737.00, 785.00, 840.00 |
| SELL STOP | 736.95 | 678.00 | 760.00 | 678.00, 737.00, 785.00, 840.00 |