|Bid||18.71 x 1800|
|Ask||18.78 x 1100|
|Day's Range||18.29 - 18.80|
|52 Week Range||18.15 - 36.83|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.57|
If you like to follow Wall Street's smart money, Snap (NYSE:SNAP) should be on your radar. But for shrewder investors, the monthly view of the Snapchat stock price chart is where lasting proof of profits will be likely gleaned. Let me explain.Source: dennizn / Shutterstock.com Everyone knows social media giant Facebook (NASDAQ:FB). In fact, it's surprising when you come across someone that doesn't take an occasional scroll the platform's news feed. At a minimum you'd be hard-pressed to find an individual that hasn't at least considered opening an account.For the Gen X and Baby Boomer populations, along with Facebook's Instagram platform and possibly Twitter (NYSE:TWTR) or Pinterest (NYSE:PINS), that's likely where one's social media presence ends. But the social media buck doesn't stop there.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn today's digital world there is another wildly popular way to express yourself. For younger Millennials and Gen Z, there is Snapchat. The photo-sharing app known for its short-lived, finite visible footprint and whose images disappear into the ether has been a sensation. And Wall Street is doing more than simply paying attention to SNAP stock price.Most recently, Snapchat stock has gained the interest of hedge fund muscle Two Sigma. This $60 billion quant-driven powerhouse has netted more than $15 billion for clients since opening shop in 2001. It's enough to put the firm on LCH Investments' list of most successful hedge funds. * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping Now Two Sigma is betting big on Snapchat stock. The company has amassed a position worth $87.3 million in SNAP shares. Put another way, Two Sigma owns 5,528,277 shares for an average cost of $15.79. The fund isn't alone in believing Snap's momentum can continue and drive shares higher either.Of 21 analysts rating SNAP stock at TipRanks, the consensus has shares pegged as a moderate buy. Perhaps more telling, the low price target of $14 represents downside risk of around 7%. At the same time, an average price target of $18.82 and range high of $24 a share compare favorably with 12-month return expectations of 25% and 60% respectively. Nice, right? Snapchat Stock Price Weekly ChartSource: Charts by TradingViewIf we're to believe what Wall Street is saying and doing, the future looks good for SNAP. And judging by Snapchat stock's monthly technical picture, that view is reinforced.Over the last several months, SNAP has broken firmly above its former downtrend. Gains of nearly 275% stymied by Snapchat stock's 50% retracement level have been digested in a healthy and quite common 31% correction. To say the least, supports for a rally look good.But it gets better.Since establishing October's bullish hammer pattern, shares have continued to consolidate inside the bottoming candlestick. A move through the high of November's smaller doji would indicate SNAP is beginning to reaffirm its strength and is ready to build another leg higher.For those in agreement, buying SNAP above $16 makes sense. My first target for taking profits would be $20. The combination of a nice round figure and challenge of the 62% level make it a nice spot to peel off some risk. Likewise, a move below November's low of $13.50 provides a smarter money investment, both off and on the price chart, in more than one way.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post How to Follow the Money into Snapchat Stock appeared first on InvestorPlace.
Harry Cendrowski, Founding Member and Managing Director of Cendrowski Corporate Advisors By John Jannarone WeWork’s private investors including Masayoshi Son’s Softbank Group Corp apparently gave the shared office space company a software valuation, a consequence of a frenzied investment environment that paid little regard to fundamental analysis or corporate governance. That’s according to governance expert […]
Pinterest, Inc. today announced that Ben Silbermann, Chief Executive Officer and Co-Founder, will participate at the Barclays Global Technology, Media, and Telecommunications Conference on December 12, 2019 at 8:00 am PT .
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this […]
Airbnb is a popular online marketplace where users can list a home or apartment for vacation or other short-term stays. It's also one of the most-anticipated IPOs of next year.
An old investment saw goes like this: "Market tops are processes, bottoms are events." This means that in the stock market, it takes time for all the moving parts to top out and head lower. It's usually a gradual affair, unlike major bottom that are often marked with panic selling and sharp moves.The market can easily shrug off events that could hurt it, such as a wide miss on economic growth or unusually weak housing statistics. However, when major issues start to accumulate, before we realize it, we've hit a tipping point where there are too many changes for the bull market to handle.Let's be clear: We are not trying to pick a top or master market timing. But investors should take action when it becomes clear things have changed for the worse. And the sooner we recognize that change, the better.Here are five signs investors should look for to gauge the likelihood of a stock market top. They're not set in set in stone - what was effective at one peak might not be effective for the next. However, evaluating these major areas still can provide clues as to the market's health and intentions. SEE ALSO: The 15 Best Recession-Resistant Stocks to Buy
Even the best-performing new stock companies from the region have been hit by a reset that appears to be happening on Wall Street.
(Bloomberg) -- If Google is feeling pressure from the government scrutiny bearing down, the company isn’t showing it. Last Friday the search giant announced it was paying $2.1 billion to buy Fitbit, the struggling maker of fitness gadgets. The deal was Google’s second multi-billion dollar acquisition in the last several months, flying in the face of repeated critiques from public officials that large tech companies are stifling competition by buying startups. “By attempting this deal at this moment, Alphabet Inc.’s Google is signaling that it will continue to flex and expand its power in spite of this immense scrutiny,” David Cicilline, the Democratic congressman leading Congress’s investigation into antitrust issues in tech, said in a statement.People close to Google say the decision to move forward with the Fitbit acquisition bears the fingerprints of one of its key leaders: Kent Walker, Google’s chief legal officer. Company lawyers don’t inspire the same public fascination as young tech founders. But Walker has quietly become one of the most influential people within Google over the last four years. By extension, that makes him one of Silicon Valley’s most important players as the industry enters a moment of unprecedented political peril. Unlike Facebook Inc., which has spent much of the last year trying to explain its policies to a skeptical public, Google has kept its head down and conducted its business as usual. In September, when attorneys general from 48 states announced an antitrust investigation into the company, Walker’s department didn’t bother to send an email to staff explaining the situation. “You take it seriously, but don’t overreact,” said Matt Tanielian of the Franklin Square Group, a lobbying firm. “That's a sign of someone like Kent being in charge.” Walker's supporters see his leadership style as a welcome sign of corporate maturity. Other people see a company that hasn’t adjusted its approach to changing circumstances. For the first time in its history, Google has no shortage of political enemies, yet it seems unwilling to engage them, according to Gigi Sohn, a fellow at the Georgetown Law Institute for Technology Law & Policy. “They’re so used to winning that they don’t necessarily push forward with maximum effort,” she said. “There’s a lack of recognition that they’re not in another time. It’s not 10 years ago. It’s not five years ago. It’s not even two years ago.” Sohn, who has known Walker for years, refers to him as “a lawyer’s lawyer,” a common compliment for those who have worked with him. But Google, whose founders have receded from public view and whose CEO, Sundar Pichai, is unusually reserved for a Silicon Valley CEO, is lacking a charismatic champion at the top. It has a good attorney, when what it might really need is a good politician. Walker, 58, spent his childhood on a series of military bases, before attending Harvard University and Stanford Law School. He spent his early career as a federal prosecutor, and did stints at eBay Inc., Netscape Communications Corp., and AOL before joining Google in 2006. At first, Google’s small legal department was consumed with legal challenges over copyright and privacy. But several years into Walker’s tenure, the company began facing its first challenges with antitrust investigations. Walker’s background is not in antitrust law, and he didn’t oversee Google’s 2013 settlement with U.S. regulators over competition. But he has had ample opportunity to learn the subject. “Kent, frankly, really grew with the company,” said Shirley Tilghman, who served on Google's board from 2005 to 2018. Walker, who declined an interview request, has become a prominent figure within Silicon Valley’s insular circle of top lawyers. His protégés have gone on to lead the legal departments at Twitter Inc., Pinterest Inc., Dropbox Inc. and other Silicon Valley firms; many went into the Obama Administration. He’ also a typical Google executive in many ways. Several friends and former colleagues described him as an eager polymath, an obsessive, hands-on, manager—and a huge science fiction fan. Walker has a reputation of coming to conversations armed with data to back up his arguments, his friends said, and considers the word "thoughtful" to be the highest compliment. “He’s intellectually ambidextrous,” said Adam Kovacevich, who spent 12 years at Google's policy division. “He has always cautioned everyone to take Google’s critics seriously.” Walker’s purview expanded when Google created Alphabet to be its parent company in 2015. When it did so, the company’s co-founders and its longtime legal chief, David Drummond, stepped back from Google’s daily operations. Google’s head of policy, Rachel Whetstone, left for Uber the same year, and Walker took over her policy portfolio. Last summer, he became Google’s chief legal officer and head of global affairs, taking control of oversight of corporate policy, cyber-security and philanthropy. Now, nearly every contentious issue at Google eventually bubbles up to Walker—antitrust controversies in Europe, debates over digital data privacy and artificial intelligence ethics, what to do about China, confrontation with Google’s workforce over sexual harassment and contract workers. Walker also plays a key role in managing relationships with governments, a task normally associated with chief executives. Not every company entrusts its top lawyer with so much power. “For Google, it’s a huge, huge portfolio,” said Doug Melamed, the former general counsel at Intel Corp. “The fact that he has it is testament to the respect he commands with the board and other executives. There are signs of strain, however. Attrition among the legal and policy staff has been bad enough that one former Google official referred to Walker as “the only one left.” To run global affairs, Walker hired Caroline Atkinson, a former Obama official based in Washington, D.C., but she lasted less than two years. Walker spent another year searching for a replacement before hiring Karan Bhatia, a former Bush administration official, last June. This spring, Walker confided to his friend Melamed, the former tech lawyer, that he felt “spread a little thin.” Walker has also become a target in recent years for current and former employees who think Google has sacrificed its idealistic culture in favor of conventional commercialism. Former employees describe how the company’s legal and policy departments once engaged in robust debates over sensitive topics, but say the back-and-forth faded as Walker consolidated power. Meredith Whittaker, a former Google researcher who has become a prominent critic of the company, argued that this is particularly important because of the impact Google’s policies have outside the company. “He's put there to protect the company from liability, which also means protecting Google from being accountable to its workers and to the public,” she said. “In that way, he's doing all of us—those affected by Google's services and the workers there—a great disservice.” Trust between Google’s management and its restive workforce has deteriorated since the revelation that the company was working on Project Maven, a Pentagon program to use computer vision software to analyze drone imagery. Google said last year it would stop working on the project, setting off a round of recriminations in Washington. According to his critics, Walker has shown an inclination to stymie the kind of activism that led Google to back out of Maven. An all-staff memo from Walker, sent earlier this year, reminded employees that accessing certain “need to know” documents was a fireable offense, which some employees interpreted as an attempt to stifle activism. A Google representative said at the time this did not represent a new policy. In August, the company sent out new “community guidelines” to staff warning them not to spend time debating “non-work topics.” Several current employees complained that what they saw as Walker’s desire to tamp down political expressions was an attempt to mollify conservative critics who accuse Google of liberal bias. Walker’s obscurity may be undercutting his influence outside the company. Eric Schmidt, the company’s former chief executive officer and executive chairman, largely served as Google’s public face during his tenure. Schmidt left in 2017, and Sundar Pichai, his successor, cuts a lower profile. Walker now takes many of the high-level meetings that Schmidt did, but he does so without the cachet of being a chief executive. When Walker planned to testify last summer at a Congressional hearing on Russian election interference, the Senate demanded Google send Pichai instead. Google simply didn't show, and committee staff pointedly set out an empty chair where Pichai would have sat.A Democratic staffer in Congress, who asked to not to be identified discussing private matters, said Walker has been much more reluctant to communicate with lawmakers than his counterparts at other tech giants. “Say what you want about Facebook, at least they’re apologetic,” said Sohn. At Google, she continued, “they haven’t admitted to any error. That might be a mistake.” \--With assistance from Ben Brody and Alistair Barr.To contact the author of this story: Mark Bergen in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Joshua Brustein at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Perion Network's (PERI) third-quarter 2019 results reflect robust performance of Search and other segments despite weakness in advertising division.
Companies that went public this year and did well in terms of price performance did so on the back of solid financials, positive cash flows and growing revenues.
Pinterest, Inc. today announced that Todd Morgenfeld, Chief Financial Officer, will participate at the RBC Capital Markets Technology, Media and Telecommunications Conference on November 19, 2019 at 1:10 pm ET .
IAC CEO Joey Levin said a board committee continues to review a proposal to distribute the internet company’s 80.8% stock in Match to shareholders.
Pinterest delivered Q3 2019 earnings that left investors shocked. Why? It was not so much its poor results, but the mismatch between extremely high investor expectations with unimpressive growth prospects.
Current ratio is a popular way for investors to assess the health of a stock’s balance sheet. Current ratio is a measure of a company’s ability to pay its current liabilities and obligations due within ...
(Bloomberg) -- With companies like Uber Technologies, Inc., Slack Technologies Inc., and Pinterest Inc. going public this year, the question has been: How many millionaires will Silicon Valley mint? What’s not being asked is how much of that new wealth will go to women. The answer, according to a new study released Monday, is: not much. Carta, an equity management platform, crunched data from over 300,000 employees at more than 10,000 companies, and found four out of five paper millionaires are men.The jobs that land the biggest equity packages tend to be held by men in C-suite roles, said Emily Kramer, Carta’s vice president of marketing. “As wealth goes up, the percentage of millionaires who are women go down because they are not CEOs, CFOs or founders,” she said. Chief marketing officers, the most common executive role held by women, have the lowest median equity award, 39% less than that of CFOs, which tend to get the most generous packages after CEOs. Among the world’s 500 richest people, there are just two female technology billionaires, according to the Bloomberg Billionaires Index. MacKenzie Bezos, a major shareholder of Amazon.com Inc., is worth $36 billion and Zhou Qunfei, the founder of Lens Technology, is worth $5.9 billion. Sheryl Sandberg, the chief operating office of Facebook, who is not in the top 500, has a net worth of $2.1 billion.Carta last year for the first time identified an “equity gap,” finding women in Silicon Valley held 47 cents for every dollar of equity men did. Carta this year found a slight improvement: Women hold 49 cents for every dollar in stock options men do, a 2% increase from last year. Women make up more than a third of all employees, but only hold 20% of equity wealth, the study finds. While most equity ends up being worth nothing, when a startup goes public or gets acquired, stock grants can result in a big payday, creating the next class of angel investors and entrepreneurs. And even with underwhelming valuations from tech companies this year, underrepresented employees are getting the “short end of the stick” and become “collateral damage,” said Henry Ward, the chief executive of Carta.The gender equity gap exists for a variety of interconnected reasons. Early employees often get better stock options than those who join later, and younger companies tend to have smaller proportions of women. There’s also a lack of representation on founding teams. Women only make up 13% of all founders in the data pulled by Carta, and female-founded teams only got 2.2 percent of venture funding last year. Women also say they don’t know what to ask for during already opaque salary negotiations. One woman who worked for a unicorn startup, who asked not to be identified to avoid alienating her former employer, said she didn’t know to ask for refresh grants after getting promoted several times. When the company went public, she ended up getting $20,000 (before taxes); she calculates she could’ve been a millionaire.As WeWork prepared to go public, Trista Kempa, who says she was the 17th employee, said she wasn’t offered options at all. “I was 23, naive, and didn’t know what equity or options were—I certainly didn’t know how much it could impact my financial future,” she tweeted. WeWork did not immediately respond to request for comment. Carta offers educational materials that teach women how to negotiate their liquidity preferences and ask for fair equity offer up front. “It’s not a matter of getting in the door,” said Carta’s Kramer, who is also head of Table Stakes, an initiative highlighting the gender gap in equity at venture-backed companies. “It’s about advising employees on how to avoid a WeWork situation.” To contact the author of this story: Candy Cheng in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Rebecca Greenfield at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Stocks are falling Thursday as worries over U.S.-China trade tensions put the brakes on record highs. Yahoo Finance’s Adam Shapiro, Julie Hyman and Dan Howley discuss with Albion Financial Group Partner and CIO Jason Ware and Kendall Capital CEO and President Clark Kendall some strategies to use to minimize risk.
36Kr Holdings became the latest company to take over the public markets amid volatility in the U.S. IPO market. Yahoo Finance’s Julie Hyman, Brian Cheung, and Scott Gamm is joined by 36Kr Founder and Co-Chairman Cheng-Cheng Liu on On The Move.