5 Set-It-and-Forget-It Stocks to Buy According to Financial Media

In this article, we discuss 5 set-it-and-forget-it stocks to buy according to financial media. If you want to see more set-it-and-forget-it stocks to buy according to financial media, the risk/reward, and methodology of this list, go directly to 10 Set-It-and-Forget-It Stocks to Buy According to Financial Media.

5. Meta Platforms, Inc. (NASDAQ:META)

Market Capitalization as of 2/10: $451.51 billion

Meta Platforms, Inc. (NASDAQ:META) is viewed by the financial media as the leading social media giant that’s also one of the ‘big tech’ companies. Although the market has not liked how Meta Platforms, Inc. (NASDAQ:META) has spent tens of billions of dollars on the metaverse without much to show for it, the stock could be a pretty good long term investment if the company retains its huge userbase and if it achieves its potential in terms of AI. In terms of artificial intelligence, Meta Platforms, Inc. (NASDAQ:META) has hired hundred of the top AI researchers in the world and the company has invested substantial capital into developing the technology for almost a decade.

ClearBridge Investments commented on Meta Platforms, Inc. (NASDAQ:META) in a Q3 2022 investor letter,

We initiated a new position in Meta Platforms, Inc. (NASDAQ:META), in the communication services sector, which operates the Facebook and Instagram social media platforms and is a leading digital advertising provider. We have been carefully watching the company over the last few quarters and believe headwinds from lower monetizing in Facebook and Instagram Reels and pressures from consumer privacy measures are poised to lessen. We believe the company has begun to fully acclimate to this new environment, will achieve greater effectiveness in Reels monetization and find ways to adapt to new privacy standards which will rebound advertising efficiency. Combined with a greater focus on cost control, we believe these initiatives will help contribute to further margin expansion and leave the company well-positioned moving forward.