nysesnap
Snap Inc. (NYSE:SNAP) is up almost 35% year-to-date as investors see the social media company as another generative AI beneficiary. This year, Snap unveiled a host of AI-focused updates, including “AI Snaps” and “My AI”, as it continues to play a catch-up game in the race with the likes of Meta Platforms. Snap stock has recorded solid YTD gains despite a setback it experienced in late April after reporting first-quarter results that missed the average analyst estimate. The Q1 underperformance has been blamed on continued investments to make its social media platform more up-to-date, all this w...
ValueWalk
It has been a challenging year on the market amid surging inflation and aggressive monetary tightening by the central bank. Investors and analysts have been burning the midnight oil extra hard this year, scrambling in all sorts of directions to find cushioning assets that can shield their portfolios from a potential recession. Right from the start companies went on a cut-back rampage, slashing their forward-looking guidance for the year, while others were seen embarking on mass employee layoffs in an attempt to save their bottom line. Q3 2022 hedge fund letters, conferences and more Industry l...
ValueWalk
Snap has rebounded more than 30% from its October 21st low.After a likely setback again in Q4, revenue growth is forecast to pick back up in 2023.Last quarter, daily active Snap users rose by 57 million.Snap’s next-generation user base will be impossible for advertisers to ignore.Perhaps it’s an omen that Snap Inc.’s (NYSE:SNAP) monthly chart is shaped like a boomerang. What soared through the air during the pandemic ultimately returned to where it was launched. Down almost 90% from its September 2021 peak, the social media stock has been rudely ghosted by the market. A disappointing Q3 earnin...
ValueWalk
Snap’s third quarter revenue came in at $1.13 billion, compared to 1.14 billion projected.Daily Active Users (DAU) increased to 363 million.Snap continues to struggle as restructuring costs, and falling ARPU weigh on results.Snap (NYSE:SNAP) fell in after-market trading as results did not meet investor expectations. Snap’s stock declined by 25%, and this was most likely due to losses surging to $360 million and growth slowing significantly compared to previous years. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset an...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Snap’s Ad DoubtsSnap numbers cast doubts on digital advertising and the 10-year yield is back to June low. The market has continued to very successfully climb the wall of worry this week on the strength of generally better earnings results than feared, with overall 3rd & 4th quarter estimates still coming in with 10% y-o-y growth, far from recession numbers. Q2 2022 hedge fund letters, conferences and more Snap (NYSE:SNAP) shares are down 35% today on very disappointing results and no bounce in the outlook due to shrinking ad...
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Twitter Inc (NYSE:TWTR) partially blames Tesla Inc (NASDAQ:TSLA) CEO Elon Musk for its surprise revenue miss, claiming that “uncertainty” stemming from his pending purchase resulted in headwinds in the ad industry and caused its revenue shortfall. The social network also missed consensus estimates for earnings and user growth in the second quarter. Meanwhile, Snapchat parent Snap Inc (NYSE:SNAP) also posted disappointing results, sending its stock into freefall in early-morning trades. Q2 2022 hedge fund letters, conferences and more Twitter Announces Q2 2022 Earnings ResultsQ2 2022 hedge fund...
ValueWalk
Stocks edge higher, Better Retail Earnings, Claims improves, Oil higher, Gold softens, Crypto bearish sentiment remains – OANDA____ US stocks are rallying as investors viewed both the Fed’s Minutes as a commitment to only gradual tighten policy to fight inflation and after a few retailers provided optimistic outlooks. The Fed locked itself into delivering a couple half-point rate increases until the Jackson Hole Symposium and that has removed the risk of aggressive tightening in the short-term. For some traders, having a strong idea on when the Fed will end its hiking cycle is the key for givi...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. The market finished on a very strong note yesterday, but the market is expected to open on a weak note today. That’s what happens when markets have to consolidate a recent violent action. We’ve had a very violent market sell-off, we’ve bounced, and now we have to consolidate. Q1 2022 hedge fund letters, conferences and more This volatility is expected to persist for at least another three to four weeks. It's very possible that the markets will firm up in late June on quarter-end window dressing. The ...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: Is The Snap Downward Guidance The Canary In The Coal Mine?After the close yesterday, a very strong rebound day with all the major stock indexes up more than 1.5%, Snap (NYSE:SNAP) announced a downward guidance in its second-quarter estimates of revenue and adjusted earnings, and a slowdown in hiring, only a month after its first-quarter earnings call. The company cited that “the macro environment has deteriorated further and faster than we anticipated” and expects EBITDA (Earnings Before Interest, Taxes, Depreciation, & Amort...
ValueWalk
“Investors are getting set for another twist on the rollercoaster with Monday’s gains set to be largely erased after Snap Inc (NYSE:SNAP) interrupted the brief rally with a very downbeat snapshot. The FTSE 100 and FTSE 250 have opened 0.9% lower while in Japan the Nikkei slid by 1% and the Hang Seng in Hong Kong dropped by 2%. Q1 2022 hedge fund letters, conferences and more The Snap ShockThe owner of Snapchat notched up fresh worries after the bell on Wall Street by lowering its revenue and profits forecasts for June and blaming the rapidly weakening economic environment. That sent the stock ...
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