13.69 +0.17 (1.26%)
Pre-Market: 8:12AM EDT
|Bid||13.55 x 4000|
|Ask||13.65 x 1300|
|Day's Range||13.42 - 14.28|
|52 Week Range||4.82 - 18.36|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.61|
Friday featured some volatility, a few earnings reports, and a selloff in several blue-chip and high-growth stocks. Here's a look at some top stock trades for next week. Top Stock Trades for Tomorrow No. 1: Boeing (BA)Shares of Boeing (NYSE:BA) were hammered on Friday as worries heat up over the 737 MAX once again. It sent the stock nosediving through $360 support, as well as all of its major moving averages.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShould BA fail to hold the 38.2% retracement now, more losses could be on the way.Let's see how it handles this area now. Falling further could send it into the $320's. Above could send shares back to the $358-to-$365 area.Honestly, BA stock is a bit too volatile and news-driven for me at the moment. Top Stock Trades for Tomorrow No. 2: Microsoft (MSFT)Microsoft (NASDAQ:MSFT) will report earnings next week, and has been giving investors a little shake-and-bake in the days ahead. * 7 Software Stocks to Buy for Growth Shares nearly broke out just a few days ago. Yet on Friday, the stock momentarily crashed through the 50-day moving average. Below the 50-day could cause a further decline into the report -- which would seem to increase the odds of a post-earnings pop afterwards.Either way, should MSFT rally before or after earnings, see if it can push through resistance around $141. Below the 50-day and 100-day moving averages, could put the $130 to $131 level on the table, where it will also find the 78.6% retracement. Top Stock Trades for Tomorrow No. 3: Johnson & Johnson (JNJ)Man, Johnson & Johnson (NYSE:JNJ) just keeps shooting itself in the foot.Shares had been range-bound between $126.50 and $132.50 for months. After a beat-and-raise quarter earlier this week, shares were finally breaking out of this range.Then on Friday, the company announced a recall out of "an abundance of caution." The move sent J&J tumbling lower, and it is now back in its prior range. So long as range support holds, bulls can stay long JNJ.Below that level makes J&J susceptible to more losses, though. Top Stock Trades for Tomorrow No. 4: American Express (AXP)A top- and bottom-line earnings beat wasn't enough to jumpstart American Express (NYSE:AXP) stock on Friday.While the stock has finally broken out of that nasty downward channel (blue lines), it's failing to reclaim the 78.6% retracement and hold above the 50-day moving average.Keep it simple.Back below prior channel resistance, and the 200-day moving average and 61.8% retracement will likely be tested. Below $112.50 support is bearish. Above the 78.6% retracement and 100-day moving average at $120.85 is bullish. Top Stock Trades for Tomorrow No. 5: Snap (SNAP)Even an upgrade can't snap Snap (NYSE:SNAP) out of its latest funk, (apologies on the lame pun).Should shares lose the $13.50 level and fall below the 61.8% retracement near $13.25, a test of the 200-day moving average could be on the way. If they hold as support, investors need to see SNAP break out over channel resistance and reclaim the 20-day moving average.It wasn't that long ago that this name was on fire, but it has been a total dud over the last three to four weeks. Until it shows signs of turning it around, be careful on the long side.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post 5 Top Stock Trades for Monday: BA, MSFT, JNJ, SNAP, AXP appeared first on InvestorPlace.
In the ever-evolving social media war, Facebook (NASDAQ:FB) and FB stock stand out to me as the true winners. Sure, Facebook's year-to-date haul of nearly 40% doesn't hold a candle to Snap's (NYSE:SNAP) startlingly brilliant 137% rally. And of course Twitter (NYSE:TWTR) receives free marketing from the highest office of the land.Source: Wachiwit / Shutterstock.com Yet comprehensively, no one beats out the social media network that Mark Zuckerberg built. First, we can talk about the company's 2.4 billion monthly active users. To put this figure into perspective, that's over 31% of the world's population, which stands around 7.7 billion. It's no hyperbole to say that buying Facebook stock is buying a share of the world.More critical for FB stock is the social media king's demographic distribution. Unlike other rivals like Snap, which caters to a very young audience, FB features considerably more balance. For instance, in a Pew Research Center study in 2015, 82% of internet users aged 18 to 29 also used Facebook. For internet users aged 30 to 49, this allocation only slipped to 79%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsImpressively, a whopping 64% of internet users aged between 50 to 64 use Facebook. And for the 65-plus crowd, the distribution is still a remarkably high 48%. * The 7 Best Penny Stocks to Buy Thus underlines the core bullish thesis of Facebook stock: social media is all about people. And the more people you have, the more relevant your platform is. Moreover, relevancy has a direct correlation with attracting advertisers.Because of this comprehensive dominance of FB stock in the metrics that matter, it's difficult to imagine anyone rivaling it. That said, a relatively new phenomenon should give some shareholders pause. Is It TikTok for FB Stock?A few days ago, CNBC ran a report that TikTok was aggressively poaching Facebook employees. Being that I'm ridiculously old and irrelevant, my first thought was, why is Kesha stealing Facebook employees? Later, I realized that TikTok - a subsidiary of Chinese parent-company ByteDance - represented the latest phenomenon in social media.After reading about TikTok, I'm still not 100% sure what it is, so forgive this brief and potentially inaccurate summary. But from my understanding, it's an app designed for budding singers, musicians, and entertainers. Ranging from amateurs to those with real talent, these active users - called "Musers" - submit videos showcasing their skills.As Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube platform demonstrates, real demand exists for such platforms. I've seen countless videos of amateur musicians play covers of famous songs, as well as original material. Admittedly, many of these contributors are very good.And for the lucky few who turn heads on TikTok, they can achieve both social media fame and a record deal. Thus, it's a great gig for talent agents, where potential stars come to them. For everyone else, I'm assuming at the least it's a fun way to blow off some steam.While TikTok doesn't have the North American numbers - it has about 26.5 million MAUs in the U.S. - it has 500 million MAUs altogether. Unsurprisingly, a majority of this tally comes from Asia.Plus, the biggest threat to Facebook stock is that TikTok resonates with young people - the audience Facebook bought out Instagram to capture. In fact, TikTok is the number one most-downloaded app for Apple (NASDAQ:AAPL) iPhones. Overall, the company has over one billion downloads.The fact that the company is setting up shop in Mountain View, California is surely no coincidence. But should investors panic on FB stock? Stay the Course with Facebook StockAlthough the TikTok phenomenon is one to be respected, I don't think people should read too much into it. While the parent company is poaching Facebook employees, I view this more as personal opportunism: the rewards are potentially greater for cashing out on a brilliant upstart rather than a long-established name.Furthermore, the biggest weakness I see for TikTok - aside from demographic imbalance - is functional limitations. Primarily, the consumer driver here is a platform for budding professional entertainers. Surely, that appeals to many people - just watch "American Idol," for instance. But I just don't see this as a sustainable, long-term platform.With Facebook, what you do is only limited by your imagination. You can market your business, reach out to potential employers, or look for a long-lost friend. There is no underlying pressure to do anything more than what you want. That, among many other attributes, makes Facebook practical for almost everyone. And this is why you shouldn't worry about FB stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post TikTok Is Just Noise for Facebook Stock appeared first on InvestorPlace.
Social media users have plenty to type about these days, but not every platform is buzzing. Snap demonstrated strong execution over the last year, and it’s poised to profit near-term from the Android app, the launch of a gaming platform, a sales reorganization and premium content partnerships.
Snap announces new advertising product, Dynamic Ads to boost advertisement revenues from retail, e-commerce and other direct-to-consumer (DTC) brands.
Bank of America Merrill Lynch analyst Tim Post writes that a recent selloff in the shares provides a buying opportunity ahead of third-quarter earnings.
Snap's (SNAP) third-quarter results are expected to reflect benefits from initiatives related to original shows and innovative features in Snapchat amid stiff competition.
Shares of Snap Inc. are up 1.3% in Friday morning trading after Bank of America Merrill Lunch analyst Justin Post upgraded the stock to buy from neutral. He said that Wall Street "appears to be concerned on high 3Q [daily-active-user] growth expectations" but that he's less concerned given his projection for strong international Android downloads and better engagement with Discover content on the platform. With the launch of eight new Snap shows this fall, Post has increased conviction that Snap will be able to boost its average revenue per user as it benefits from the secular shift of TV ad dollars to online platforms. Post has an $18 price objective on the stock, which has climbed 154% so far this year as the S&P 500 has increased 20%.
Snap Inc (NYSE: SNAP) has seen steady gains year to date. This is one factor informing Bank of America’s upgrade. “The Street appears to be concerned on high 3Q DAU [daily active user] growth expectations and 4Q DAU weakness given recent Ad Manager checks that suggest declines in Sept/Oct ad user reach,” the analysts wrote in a note.
The Q3 Snap earnings report is due on October 22. So could a positive surprise be enough to send Snap stock back toward its original price?
Snap has grown revenue and its userbase as larger rivals Alphabet's Google and Facebook Inc , which dominate the global digital advertising market, face regulatory scrutiny over their market control. Both Google and Facebook already offer dynamic ads. Dynamic ad platforms pick items from advertisers' product catalogs and target them automatically to people with relevant interests, removing the need to manually advertise each product individually.
Twitter (TWTR) stock has surged roughly 40% in 2019 to fall just behind Facebook's (FB) 45%. Despite the run of success, Twitter shares remain an enigma to many on Wall Street...
TikTok's short-length video platform has become quite popular with younger consumers. But it isn't exactly a substitute for services such as Instagram and Snapchat Stories.
World-class money managers like Ken Griffin and Barry Rosenstein only invest their wealthy clients' money after undertaking a rigorous examination of any potential stock. They are particularly successful in this regard when it comes to small-cap stocks, which their peerless research gives them a big information advantage on when it comes to judging their worth. […]
Snap (SNAP) stock has been on a downtrend recently. It's dropped nearly 20% since September 25 despite the absence of any significant news.
When social media firm Snap (NYSE:SNAP) went public two and a half years ago, the initial reaction to the stock was disappointing. Snap stock has rebounded in epic fashion this year, surging more than 156% as of Oct. 11.Source: Ink Drop / Shutterstock.com Snap is usually thought of as being the purveyor of the popular Snapchat social media platform, one that puts the company in direct competition with Facebook's (NASDAQ:FB) Instragram. In addition to Snapchat, the company's other marquee products are Bitmoji and Spectacles. However, management wants investors to consider Snap stock through a different lens (pun intended).This how the California-based company describes itself in corporate press releases: "Snap Inc. is a camera company. We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together."InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors reconfiguring their view of Snap stock and the drivers of the shares' performance is a work in progress. As noted above, the typical view of Snap stock is that it's the company behind Snapchat. That's not a bad thing. Wall Street is increasingly warm to Snapchat's operating performance and the platform's revenue-generating capabilities.Earlier this month, Morgan Stanley analyst Brian Nowak and his team upgrade Snap stock to "equal-weight" from "underweight," while boosting their price target on the shares to $17 from $14. That $17 price forecast is just below the Wall Street consensus of about $17.50, but still implies upside of 20% from the Oct. 11 close of $14.16. * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk "Year-to-date we have underestimated Snap's stronger top- and bottom-line execution and ability to drive growth," said the Morgan Stanely analysts in a note to clients. A Path to ProfitabilityIn the current market environment, investors are displaying little tolerance for companies that are losing money and even less patience for those that cannot clearly articulate when profitability will arrive. Those sentiments are true across multiple industries.Fortunately for Snap stock, when the company reported second-quarter earnings a few months ago, losses narrowed and the goal of full-year GAAP profitability remains very much in reach. The company will get another chance to highlight its path to profitability on Oct. 22 when it reports third-quarter results. The upcoming earnings update is critical to the near-term fortunes of Snap stock because the company guided higher for this quarter, meaning management must, at a minimum, meet those expectations, if not a beat them.Advertising dollars are major revenue drivers for Snap and while the company has some compelling content partnerships with the likes of The New York Times, ESPN and Vogue, the fight for digital advertising cash is notoriously intense."In terms of Snap's addressable market, while digital ad budgets continue to grow, so does the number of ad inventory providers in the space, and there is no guarantee that a larger portion of new digital ad dollars will flow to Snap," said Morningstar in a recent note.The research firm notes that Snap is competing with the likes of Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) in the digital ad universe and that the competition is difficult for newcomers to encroach on the dominance of those two internet giants. Bottom Line: Worth The RiskEven after more than doubling than this year, Snap stock is still worth a look as a small position for tactical investors. The company is still in its early innings of growth and if it can continue growing content partnerships along with user engagement, upside could be considerable. * 7 Semiconductor Stocks to Buy Now As Morgan Stanley notes, there's "room for higher monetization" in North America and management's execution has been surprisingly impressive this year. Still, waiting on profitability will require some patience for Snap stock investors."While Snap's augmented reality offerings will continue to bring more users onboard in the near-term, we believe the presence of Instagram will continue to pressure no-moat Snap's user growth in the long-run," according to Morningstar. "However, we also remain convinced that Snap's user monetization will strengthen as the firm continues to attract more ad dollars."For investors compelled to enter Snap stock at current levels, the $16 area or the $17 target highlighted by Morgan Stanley likely represent fair value unless management surprises with significant upside guidance for the fourth quarter and 2020.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Snap Stock Has Plenty of Strength Left Despite Upcoming Challenges appeared first on InvestorPlace.