Out Fox The $treet

  Meta Platforms is in the midst of surgical job cuts to potentially match the 11,000 employees cut back in November. The tech giant could cut another $5 billion from operating expenses and still leave a lot of cost reductions ahead in Reality Labs. META stock trades at 16x '24 EPS targets while the company has an earnings potential of up to $20 per share. With Silicon Valley in collapse mode after massive job cuts and now the primary bank for startups closing,  Meta Platforms  ( NASDAQ: META ) is now in a strong position to prudently cut costs. The social media giant  is poised to complete another massive job cut saving billions in costs. My  investment thesis  remains ultra Bullish on the stock even after the quick rally to $180, though a gap close below $160 would be a prime purchase point. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

SoFi will benefit from a positive ruling by the Supreme Court against the student debt forgiveness plan. The bank sector came under undue pressure this week due to the sudden collapse of SVB. SOFI stock only trades at ~10x 2024 adjusted EBITDA targets. Anyone following our research over the last few months knows that  SoFi Technologies  ( NASDAQ: SOFI ) doesn't need a change in the Biden Administrations stance on student debt forgiveness to reward shareholders. The good news for  shareholders is that the Supreme Court appears set to block the debt forgiveness plan by June. My  investment thesis  remains ultra Bullish on the stock after the dip back below $6 following contagion fears due to the  SVB Financial Group  ( SIVB ) collapse. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.