Many investors now have access to fractional share investing and free trading, which has opened up the possibility of weekly dollar-cost averaging. Today's video focuses on recent stock price action, valuation metrics, and recent news affecting Meta Platforms (META 3.57%), Mercadolibre (MELI 3.66%), Paysafe (PSFE 3.11%), and DraftKings (DKNG 6.64%). Here are some highlights from the video.
- Meta Platforms, until recently known as Facebook, announced that it would be spending at least $10 billion more in CAPEX in 2022 than in 2021. The additional expenses will go to its augmented and virtual reality products, paying for data centers, network components, facilities, and more.
- DraftKings has recently focused on digital collectible with DraftKings Marketplace, a market where users can buy and sell DraftKings NFTs. The first few collectibles featured sports celebrities like Tom Brady, Tony Hawk, and many more. On Oct. 28, DraftKings released a collection for Halloween, based on the horror movie series Saw, that sold out on the first day.
- Paysafe, a payment platform, has seen strong growth in North America's online and sports betting markets. The company is expected to report earnings on Nov. 10 before the market opens. Mercadolibre, an e-commerce platform in Latin America, is expected to report earnings on Nov. 4, after the market closes.
Click the video below for my full thoughts and analysis.
*Stock prices used were the closed prices of Oct. 29, 2021. The video was published on Oct. 30, 2021.