|Bid||11.01 x 1100|
|Ask||11.02 x 4000|
|Day's Range||10.72 - 11.13|
|52 Week Range||4.82 - 14.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.49|
Even with a massive regulatory fine on the horizon, analysts remain bullish on the social network’s long-term prospects.
Facebook Posts Strong Q1 Results despite Privacy IssuesFacebook stock rose ~8% after-hours Facebook (FB) stock surged around 8% in after-hours trading on Wednesday after the social media giant topped its earnings and revenues estimates in the first
What Should and What Shouldn’t Worry Twitter's Investors(Continued from Prior Part)Twitter’s most active American users are womenA new report from Pew Research Center this month has shed light on how Americans use Twitter’s (TWTR) social media
What Should and What Shouldn’t Worry Twitter's Investors(Continued from Prior Part)Twitter meets with TrumpTwitter (TWTR) can be seen trying to be everything to everyone, as it’s in a business in which numbers count and reputation is like
Netflix Aspires to New Records in 2019(Continued from Prior Part)Netflix accounts for only 2.4% of mobile traffic In its 2019 mobile Internet traffic report released in February, network intelligence provider Sandvine showed that Netflix (NFLX)
What Should and What Shouldn’t Worry Twitter's Investors(Continued from Prior Part)Ad spending on Twitter jumped 18% Advertisers keep spending more on Twitter (TWTR) despite the company’s tiny audience size. Twitter exited the first quarter with
Kenny Mitchell, a veteran marketing executive who has worked for McDonald’s, Gatorade, NASCAR and NBC Sports Group, will assume the post in June.
Facebook (FB) shares soared through morning trading Thursday after the company reported stronger-than-expected revenue results and helped prove to Wall Street that privacy worries are overblown. So, is now the time to buy Facebook stock?
How Did eBay and Snap Fare in the First Quarter?(Continued from Prior Part)eBay’s Q1 resultseBay (EBAY) delivered better-than-expected earnings and revenues in the first quarter of 2018 on April 23 after the market bell. eBay stock increased 1.44%
Mitchell, scheduled to start with Snap in June, will lead all consumer and product marketing programs, the company said in a statement Thursday. The Santa Monica-based company is still searching for a new finance chief following the departure of Tim Stone earlier this year after only eight months on the job.
How Did eBay and Snap Fare in the First Quarter?(Continued from Prior Part)Snap’s daily users Internet giant Snap (SNAP) hit 190 million daily active users (or DAUs) in the first quarter and topped analysts’ estimate of 187.2 million. Snap’s
Prior to his role at McDonald's, Mitchell served as head of consumer engagement at Gatorade. Mitchell, who will lead all consumer and product marketing programs at Snap, will also be part of its senior leadership team and report to Chief Executive Officer Evan Spiegel, the company said in a statement. The news comes days after Snap's first-quarter report that showed Snapchat users rose for the first time in three quarters, boosted by its original shows and a rebuilt Android app.
Facebook disclosed that it set aside $3 billion related to an expected U.S. Federal Trade Commission crackdown on the company for violating promises to protect user privacy. The FTC inquiry, which is continuing, stemmed from the revelations last year that political consulting firm Cambridge Analytica tapped information on millions of Facebook users.
How Did eBay and Snap Fare in the First Quarter?Snap topped Q1 results Snap (SNAP) stock surged ~11% in after-hours trading on Tuesday after the social media giant beat analysts’ estimates in the first quarter of 2019. Snap closed up ~4% on Tuesday
U.S. stock futures are trading mixed this morning. Strong earnings reports out of the tech sector are buoying the Nasdaq-100 while dismal releases from industrials are weighing on the Dow Jones Industrial Average.Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.26%, and S&P 500 futures are higher by 0.12%. Nasdaq-100 futures have added 0.37%.With the market rally resting yesterday, volumes receded in the options pit. Calls once again led the way showing a continuation in the complacency which has permeated the uptrend. Specifically, about 18.8 million calls and 14.7 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, the CBOE single-session equity put/call volume ratio remained as dull as ever by hovering near 0.60 yet again. The 10-day moving average shares the same level at 0.60.Options traders zeroed in on earnings reports yesterday from the following companies: Facebook (NASDAQ:FB), Snap (NYSE:SNAP) and AT&T (NYSE:T).Let's take a closer look: Facebook (FB)Facebook is flying high this morning following an earnings release that topped expectations. For the first quarter, the social media giant earned $1.89 per share on revenue of $15.08 billion. The street was expecting earnings of $1.63 on sales of $14.97.Buyers are swarming to drive FB stock up just shy of 9% premarket. The up-gap places it within striking distance of last year's $218.62 high. As far as the price trend goes, it was bullish heading into earnings and will be even more so coming out of it. * The 10 Best Cheap Stocks to Buy Right Now On the options trading front, traders favored calls on the session. Activity swelled to 223% of the average daily volume, with 534,627 total contracts traded; 63% of the trading came from call options.Option premiums were baking in a 5.3% move post-earnings, so this morning's 9% surge lands well outside of expectations and will bring big profits to traders holding long volatility trades like straddles into the event. AT&T (T)AT&T's budding 2019 recovery came to an abrupt end yesterday after the company failed to impress investors with its first-quarter performance. The telecom titan raked in 86 cents in adjusted earnings-per-share which matched analyst forecasts. Revenue came in light, however, at $44.8 billion. The FactSet consensus was targeting $45.1 billion.By day's end, T stock had fallen 4.1% amid heavy profit-taking. The descent takes AT&T shares back below all major moving averages and places it on precarious footing. Until buyers can right the ship, I suggest steering clear of bullish plays.On the options trading front, calls won the popularity contest despite Wednesday's drubbing. Activity lifted to 290% of the average daily volume, with 276,180 total contracts traded. Calls claimed 61% of the take.Ahead of the number, options were pricing in a 3.4% move. That makes the 4.1% whack only slightly outside of expectations and likely means neither volatility buyers or sellers ahead of the release are leaving victorious. Snap (SNAP)Volatility seized Snap shares after the Snapchat parent reported earnings. The initial up gap was immediately rejected amid massive selling pressure that sent the stock skidding on the day. By the closing bell, SNAP stock was down 6.1%.The nasty bearish engulfing candle is jeopardizing this year's uptrend. Support is holding for now, but a breakdown remains a whisper away. Watch the 50-day moving average at $10.64 for your tell. If SNAP falls below it, watch out below.On the options trading front, calls outpaced puts by a modest margin. Total activity ramped to 308% of the average daily volume, with 364,703 contracts traded. The ratio of calls to puts was 62% vs. 38%.Implied volatility deflated throughout the day to end at 55% and places it at the 27th percentile of its one-year range. Premiums are now baking in daily moves of 39 cents or 3.5%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post Thursday's Vital Data: Facebook, AT&T and Snap appeared first on InvestorPlace.
Snap Inc. (SNAP) today announced that Kenny Mitchell will join the company as Chief Marketing Officer (CMO) beginning in June 2019. In this newly created role, Mr. Mitchell will join the senior leadership team of the company and report to CEO Evan Spiegel. Mr. Mitchell will lead all consumer and product marketing programs as Snap continues to bring creativity and new forms of self-expression to people all over the world.
The social media ETF sees good start to the earnings season on solid Twitter and Facebook results. The momentum might not stay till the end of the reporting cycle.
Just one day after stocks logged their best-ever close, the bulls backed down. By the time the closing bell rang, the S&P 500 had fallen 0.22% to end the session at 2,927.25, almost closing at its low for the day.Source: Allan Ajifo via Wikimedia (Modified)AT&T (NYSE:T) did a great deal of that damage, falling a little more than 4% after first-quarter numbers fell short of expectations. Its TV business was a particularly sore spot, though its wireless arm wasn't exactly stellar last quarter either. Snap (NYSE:SNAP) technically lost more ground though, ending the day down a bit more than 6% after surging in response to a surprisingly progressive first quarter.There were some winners, albeit few and far between. Anadarko Petroleum (NYSE:APC) rallied another 11% after Occidental Petroleum (NYSE:OXY) made a bid that topped the previous acquisition offer from Chevron (NYSE:CVX).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Cheap Stocks to Buy Right Now The indecisive environment means traders would be wise to choose prospects carefully and pick names from both sides of the bullish/bearish fence. The stock charts of Norfolk Southern (NYSE:NSC), Bristol-Myers Squibb (NYSE:BMY) and Discovery Communications (NASDAQ:DISCA) make for a good place to start that open-minded search. Discovery Communications (DISCA)Just a few weeks ago, Discovery Communications shares were in fairly serious trouble. Resistance had been met multiple times at multiple moving average lines, and a so-called 'death cross' had taken shape. The stock was just one bad day away from a meltdown.That disaster has been avoided though. In fact, the rebound effort from two weeks ago has been confirmed and strengthened this week by virtue of support provided by a couple of those key moving average lines. Click to Enlarge * The confirmation of the new uptrend is yesterday's brush of the white 200-day moving average line. DISCA stock only had to kiss it to surge higher, renewing the cross above the long-term line in early April. * The weekly chart puts matters in more perspective. Although erratic, the rally that got going in March was spurred by a fresh encounter with a support line that tags all the key lows going back to late 2017. * As tempting as it may be to want to use a prior peak as a potential ceiling, or upside target, this may not be a case where those levels serve as reliable, or even likely, stopping points for any advance. Norfolk Southern (NSC)Railroad name Norfolk Southern had a terrific run from its late-December lows, outpacing most other stocks. All good things must come to an end though, and a couple of red flags started to wave for NSC stock yesterday. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Click to Enlarge * The shape of Tuesday's bar is telling. The open and close near the low of a relatively tall bar suggests an intraday transition from a net-buying to a net-selling environment. * Bolstering the bearish case here is the gap left behind by yesterday's jump. Generally speaking, gaps tend to get filled in. In this case, the sheer size of the four-month rally adds weight. * Zooming out to the weekly chart we can see Norfolk Southern shares kissed a long-established resistance line on Wednesday, becoming overbought, as highlighted by the RSI's move above 70. Bristol-Myers Squibb (BMY)When we last looked at Bristol-Myers Squibb back on April 8, it was trying to move lower, but had thus far been unable to push under a technical support level around $46.That's no longer the case, though there's a new support line now in play. Even so, the backdrop suggests there's already a great deal of bearish momentum in place. If the current technical floor breaks, there's nothing left to stop the next round of selloffs. Click to Enlarge * While the previous floor around $46, marked with a yellow dashed line on both stock charts, is broken, the current one at $44.31 marked with a red dashed line is nothing to dismiss. * While not yet under a major floor, note the swell of selling volume seen since March. This is a new development; the more the stock slumps, the more investors trickle out. * Even if support around $44.31 breaks, it's likely we'll continue to see some wide ebbs and flows that make for nice swing-trading opportunities.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 3 Big Stock Charts for Thursday: Discovery, Norfolk Southern and Bristol-Myers Squibb appeared first on InvestorPlace.
Facebook Gets Upgraded but Faces Concerns before Its Q1 Results(Continued from Prior Part)Facebook admits Instagram password leak Facebook (FB) has recently discovered that millions of Instagram user passwords, which should have been encrypted, were