12.20 +0.03 (0.25%)
Pre-Market: 7:00AM EDT
|Bid||12.11 x 2200|
|Ask||12.22 x 2200|
|Day's Range||12.10 - 12.58|
|52 Week Range||10.50 - 21.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.83|
Early indications are positive for mobile AR, with Pokémon GO (tens of millions), Snapchat (hundreds of millions) and WeChat (billions) showing what is possible. Google’s Maps/Lens combo demoed at Google I/O also has potential.
In terms of geography, Twitter (TWTR) breaks its results down into two units: US and International. On the basis of audience, the International unit is Twitter’s largest, as ~80% of its users are outside the United States. On the basis of revenue, the United States is Twitter’s largest unit, supplying over 50% of its revenue.
Twitter (TWTR) has been stepping up its efforts to stimulate growth in its international business. The company recently rolled out its Twitter Lite app to nearly two dozen more countries. Twitter Lite is a lightweight version of the main Twitter app.
In this market, particularly in tech, arguing that a growth stock is “too expensive” is a good way to look foolish. Square stock now has more than doubled in 2018 and nearly has tripled over the past year.
Despite the tiny drop in its daily active users last quarter, Snap (NYSE:SNAP) and Snap stock have many strong, positive catalysts. The number of daily active users of Snap’s website, Snapchat, inched down 2% in the second quarter, compared with the first quarter. Snap blamed the quarter-over-quarter decline on an ongoing redesign of its website, meant to improve the experience of those who visit the site on Android devices.
This bull market is getting awfully long in the tooth. Stocks haven't recorded a 20% drop since March 9, 2009 - the beginning of the recovery from the Great Recession. At 3,444 days at last count, this bull market is on pace to set the all-time record on Aug. 22, surpassing the 3,452-day rally between Oct. 11, 1990. Nothing lasts forever, of course, and that will be true of the current bull market at some point. "Since we are back close to the highs for the S&P 500, risks of a pullback have certainly risen," Wall Street veteran Bill Stone told CNBC on Aug. 9. But even with a bear market nowhere in sight, some individual stocks may be in trouble. TipRanks' Stock Screener reveals stocks with a bearish analyst consensus rating - so while we often use the screener to identify stocks to buy, it's also useful in targeting stocks to avoid or even sell. Today, we'll look at seven stocks that have consensus hold or sell ratings from Wall Street right now, indicating that they could be trouble in the months ahead. We'll also share analysts' price targets on these stocks to avoid, and the pros' reasons as to why. SEE ALSO: 10 of the Market's Most Shorted Stocks
Twitter Inc.’s ( TWTR) stock may get a lot of attention because of presidential tweets, but beyond being a preferred venue for Donald Trump, it’s become an “irreplaceable” part of the global dialogue and should reward investors going forward. “This past week, Elon Musk announced the potential for the largest LBO ever on Twitter, and while people were debating the quality of the financing, no one was debating the medium of the news—Twitter,” wrote Citron in a research report.
It’s far too soon in Snapchat’s lifespan for its user base to shrink. Users revolted, and Snap (eventually) responded by dialing back some of the changes. What if, however, the headwind Snapchat ran into isn’t really about the ill-advised redesign?
AT&T (T) is looking forward to expanding in the media industry and unlocking new opportunities after its acquisition of Time Warner. AT&T is planning to focus on advertising and digital content distribution following the acquisition. According to Forbes, AT&T is planning to reduce prices for customers through advertising, by shifting some content creation costs from customers to advertisers.
While nearly every tech giant has publicly proclaimed augmented reality the next frontier to conquer, product movement has been relatively slow as the companies' aim to nail very base issues in consumer-friendly ways has proven difficult. Ubiquity6 is one of a handful of startups aiming to tackle the backlog of backend features currently missing from most AR experiences available today. The fast-growing company is looking to build tools that will essentially enable users to create a cloud-based AR copy of the physical world and enable persistent, dynamic multiplayer AR experiences as a result.
MARKET PULSE Shares of Twitter Inc. (twtr) are up 3.4% in Monday trading after Citron Research turned bullish on the stock, setting a $52 price target. "Twitter is more relevant now than it has ever been and in media, dollars follow relevancy," Citron analysts wrote.