Veteran Trader Says “You Can Make a Lot of Money” on META

Investors can make “a lot of money” by buying Meta (META) stock on weakness at this point, Bob Lang, President of Explosive Options, an options trading service, told Schwab Network yesterday.

Photo by Alexander Shatov on Unsplash

Lang: META Is Doing Everything Right in Advertising

“Meta is doing everything right when it comes to advertising (on) Facebook and Instagram,” Lang said. “It’s making money hand over fist,” he added.

Moreover, Meta “is the one name” in the Mag 7 from which it’s possible to profit a great deal by buying it on dips, he stated.

Lang’s Other Picks

Gap (GAP) recently reported impressive beat-and-raise financial results, and its new CEO is “doing a fantastic job,” Lang reported. Over the “next several months,” GAP can advance to around $35 from its current level of around $21.50, he thinks.

Microsoft (MSFT) and Apple (AAPL) could be worth buying on weakness at this point, the trader believes.

Lang Is Bullish on Financials

With the Trump administration cutting regulations, financials should deliver good returns going forward, Lang believes. Additionally, Goldman Sachs (GS), Morgan Stanley (MS) and JPMorgan (JPM) should all get boosts from the revival of the IPO and M&A markets, he predicted.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as META but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.