Meta Connect 2024 kicks off
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 22 September 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
Goldman Sachs’ Rubner: Negative near term
Earnings Calendar
Dividend Roundup
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this |
| 0:09.5 | week's market-moving events along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday, September 22nd, and I'm your host, Kim Khan. |
| 0:18.0 | Investor events highlight the coming week as a third quarter wraps up. |
| 0:22.0 | Meta platforms will hold its annual Meta Connect event on |
| 0:25.0 | Wednesday. The event will focus on the company's reality labs division and is expected |
| 0:29.8 | to include reveals of future hardware and software that could include |
| 0:33.6 | augmented reality glasses. CEO Mark Zuckerberg will give the keynote address |
| 0:38.1 | expectations or for him to talk about Meta's broader artificial intelligence plans and the integration of Meta AI, |
| 0:45.1 | even possibly with the glasses. Seeking Alpha Analysts, VBar, says MetaStaw continues to outperform |
| 0:51.2 | expectations and just broke out of the six-month trading range. |
| 0:55.0 | I believe that shares are likely to continue to appreciate along with the market, |
| 0:59.0 | as well as due to what is likely to be a positive earnings report next month. |
| 1:03.4 | On Thursday, Southwest Airlines hosts its investor day, |
| 1:06.5 | and key topics will include 2025 guidance expectations |
| 1:10.0 | and updates on the order book and fleet modernization. |
| 1:13.0 | Crucially, the event will also showcase how Southwest is making major strategy pivots |
| 1:18.0 | for the first time in 50 years, with the introduction of assigned seating, |
| 1:22.0 | red-eye flights, and extra legroom seats. |
| 1:24.7 | The changes are being made to attract new customers to the carrier in the wake of activist moves from |
| 1:29.6 | Elliot management. Bank of America expects Southwest Airlines management to provide more details on the financial benefits of the strategy reset and the near-term impact on cashburn and debt during the transition period. |
| 1:42.0 | Shares of Southwest are up 8.5% over the last six weeks. |
... |
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