Is meta going down today

Meta Platforms, Inc. (META) is not expected to experience a significant decline today. Here's why:

1. Recent Performance: Meta's stock has gained more than 45% year-to-date, despite legal challenges. This positive momentum suggests that investor confidence is strong.
2. Earnings Projections: The company's earnings per share (EPS) are projected to be $4.66, reflecting a 44.27% increase from the same quarter last year. This anticipated growth in earnings could support the stock price.
3. Technical Indicators: The stock's trading volume on July 1, 2024, was 10.33 million shares, which is a substantial volume that could indicate strong investor interest. Additionally, the stock is trading above its 50-day moving average of $479.50, which is a bullish signal.

4. Market Sentiment: The overall market sentiment towards Meta seems positive. The stock has outperformed the S&P 500 in the past month, and analysts and investors will be keeping a close eye on its upcoming earnings disclosure.

In conclusion, while there are no guarantees in the stock market, the combination of strong recent performance, positive earnings projections, and favorable technical indicators suggests that Meta is not likely to experience a significant decline today.