When Wall Street is too focused on the short term it can create great buying opportunities for patient investors. You can scoop up shares in a stock during periods of elevated pessimism and set yourself up for market-beating returns -- if you're willing to hold through some volatility.

That could be the situation facing investors with Meta Platforms (NASDAQ: META) today. The social media giant's share price fell after management said in a recent earnings update that sales growth might slow in the coming quarters even as spending soars on artificial intelligence (AI) investments.

Along with the concerning guidance, there was plenty of good news about the business in the quarterly report that the market seemed to ignore. Let's look at five positive takeaways from the late April earnings update that suggest Meta Platforms is a buy right now.

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Source Fool.com