FB needs no introductions and while personally I don’t like their platform and the negative social impacts it has, we need to stay objective at MM and clearly the business has been delivering in stunning fashion with revenue up 48% in Q1 of 2021 which dropped down to operating income growth up more than 90%. While sceptics will say the pandemic created a “as good as it gets scenario” we feel there’s more to come for this FAANG stock with higher growth than its peers yet its trading on the cheapest valuation with a P/E of 28x trailing earnings, in other words cushioning the risk in our opinion.
MM is keen buyer of Facebook (FB US) into decent weakness under $US300
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