05:48:01 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Meta CDR (CAD Hedged)
Symbol META
Shares Issued 6,700,000
Close 2024-04-29 C$ 24.25
Market Cap C$ 162,475,000
Recent Sedar Documents

FP/wire say Meta, rivals make for index vulnerability

2024-04-30 09:33 ET - In the News

Also In the News (C-AAPL) Apple CDR (CAD Hedged)
Also In the News (C-AMZN) Amazon.com CDRs (CAD Hedged)
Also In the News (C-MSFT) Microsoft CDR (CAD Hedged)
Also In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Financial Post reports in its Tuesday, April 30, edition that robust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on United States Federal Reserve interest rate cuts this year are completely abandoned. A Bloomberg dispatch to the Post reports that investors are faced with a call on whether the weakness earlier this month was only a blip or if delayed policy easing will pull the market back down again. Martin Currie manager Zehrid Osmani says: "You have to assess why you could be in a scenario where there's fewer rate cuts this year. If it's related to an economy being healthier than expected, that could support the rally in equity markets after the typical volatile knee-jerk reactions." Roundhill Financial's David Mazza says while recent economic data reflected a sharp downshift in U.S. economic growth last quarter, these figures should be "taken with a grain of salt" as they disguise otherwise resilient demand. The current top-five stocks -- Microsoft, Apple, Nvidia, Amazon and Meta -- are all from the tech sector and make up nearly a quarter of the market capitalization, leaving the index vulnerable to sharper swings.

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