When a great company's stock trades for a fair price, it's usually worth buying. It rarely pays to wait for a better price, even if the stock has gone up significantly over the past few months.

But sometimes you'll get lucky, and the market will put a great stock on sale due to near-term concerns. Meanwhile, the long-term outlook for the company still looks promising. Those second chances are rare, so you should pounce on them when you see them.

The market appears to be giving investors a great second chance with Meta Platforms (NASDAQ: META) right now. Despite strong first-quarter earnings, analysts were scared off by the company's plans to increase spending, particularly focusing on its potential in artificial intelligence (AI). Shares currently trade 17% below where they were just two weeks ago after a steep post-earnings sell-off.

Continue reading

Source Fool.com