|Bid||30.00 x 900|
|Ask||36.93 x 1300|
|Day's Range||36.88 - 37.16|
|52 Week Range||29.96 - 37.71|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||6.65%|
|Beta (5Y Monthly)||1.08|
|Expense Ratio (net)||0.65%|
Facebook beat estimates on both revenues and earnings. However, the slowdown in revenue growth and warnings of decelerated expansion disappointed investors, sending shares of Facebook down more than 7% in aftermarket hours.
Facebook is poised to beat the earnings estimate going by the Zacks methodology given the positive earnings revision trend, which is generally a precursor to an earnings beat, and attractive fundamentals.
Data confirm that thematic investing, particularly via ETFs, is starting to take off, but with so many compelling, disruptive themes to consider, some investors may have a hard time deciding between various ...
Social media stocks tend to be volatile, but that's especially true for Snap (NYSE:SNAP). While shares have been stuck in the doldrums lately -- up 2% in the last month, down 11% in the past three and flat over the past six months -- remember that this stock has been on fire this year, up more than 165% in 2019.Source: dennizn / Shutterstock.com So while the price action over the past six months or so has been underwhelming (and volatile), it's actually pretty healthy. When stocks post massive moves, it's good for them to work off that rally. Resting will give Snap time to outperform in the future and is a necessary part of the process. There's a reason why the market doesn't move higher in a linear fashion.In any regard, Snap also continues to outperform its peers. Facebook (NASDAQ:FB) has rallied an impressive 55% in 2019, while Twitter (NYSE:TWTR) is up just 10.5% after its painful spill in October. Meanwhile, the 42-stock Global X Social Media ETF (NASDAQ:SOCL) is up 7.7% in the fourth quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's peek at the charts to see if more upside could be in store in 2020. Trading Snap StockA look at the daily chart below confirms much of what we just talked about. After blazing higher and topping out at $18.36, the Snapchat platform's shares began to consolidate in late July. At this point, the 50-day moving average and $15.50 level (where the 78.6% retracement also comes into play) were acting as support, albeit with some sloppy price action. Click to Enlarge Source: Chart courtesy of StockCharts.comA mid-September surged looked like it was going to send Snap to new 52-week highs. Instead, shares topped out at $18.17, 19 cents short of the prior high. A massive unwind ensued, with shares bottoming out at $13.68 -- down 24.7% -- just 7 trading sessions later in early October. * 7 'Strong Buy' Stocks to Put on Your Wish List So where are we now?Snap would go on to make another low that month, at $12.71, but has since put in a series of higher lows. That's formed a solid uptrend mark (blue line), as shares continue to climb.The stock is now above the 20-day and 50-day moving averages and is consolidating just below that pivotal $15.50 mark. Investors need to be on the lookout for two things now: A breakout or a pullback.If it's the former, a close over $15.50 could kickstart a breakout, putting the November high at $15.90 on the table. Above that and $17-plus is technically possible, with $18 remaining pretty stiff resistance.If it's the latter and Snap pulls back, look for support from the rising 200-day moving average and uptrend support. Below puts $13.50 on the table and if that fails to buoy the name, a retest of the October lows could be in the cards. Bottom Line on SnapFor a very long time, I did not like Snap as an investment. The reasoning was simple, as the company was burning through hundreds of millions of dollars and was clearly struggling. Facebook and Twitter had better financials as well.I would still feel more comfortable buying into a financial juggernaut like Facebook and even prefer the growth potential of a name like Pinterest (NYSE:PINS) to Snap. That said, Snap has progressed a bit.It's clear that 2020 will need to be a pivotal year for Snap in order to see continuation on that bullish-looking chart. What would make it such a pivotal year? * 5 Large-Cap Dividend Stocks to Buy Analysts expect Snap to grow revenue another 35.6% to $2.33 billion next year, topping $2 billion for the first time. More importantly though, they expect earnings of 2 cents per share. While 2 cents per share in profit is not exactly blowing the roof off, remember how much cash Snap was burning when it came public.In its first five quarters as a public company, Snap missed on earnings estimates three times and revenue expectations four times. It's since beat on both metrics six quarters in a row. This time last year, shares were trading near $5. Now it's at $15-and-change.Momentum is turning in Snap's favor and if the company can deliver on the fundamentals, the technicals are already primed for a rally. If Snap can generate a profit and turn free cash flow positive, bulls will have a much stronger case.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post Snap Shares Are Volatile but the Chart Looks Good Heading Into 2020 appeared first on InvestorPlace.
These are exciting times for thematic exchange traded funds. Issuers are pushing boundaries and while data indicate investors are often slow to warm thematic ETFs, some of the newer additions to this camp ...
Facebook reported its third-quarter earnings with positive results, besting analysts’ expectations with strong revenue growth. For investors sensing an opportunity within the technology sector, it may ...
Americans will likely spend a staggering $8.8 billion on Halloween candy, costumes, and decorations this year. This should perk up business and in turn these stocks and ETFs.
Recently, online microblogging and social networking service, Twitter, made some significant changes to its website, after years of the same style. Nearly five years ago, back in 2015, Forrester Research analyst Nate Elliott explained that the problem with Twitter is the company doesn’t innovate. “If you used Twitter the first day it existed and then slipped into a coma for eight years and woke up today, you’d recognize the platform.
Facebook came up with robust second-quarter 2019 results, wherein it beat estimates on both revenues and earnings. However, it warned of deceleration in revenue growth, more specifically in the fourth quarter.
NEW YORK , July 10, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of three additional ETFs to Schwab ETF OneSource, one ...
Bullish chart patterns of popular social media stocks and a popular ETF suggest that now could be the ideal time to increase exposure.
Zacks Market Edge Highlights: Pfizer, Vanguard S&P 500 ETF, Global X Social Media ETF, Kraneshares China Internet ETF and Microsoft
Tech companies are at maximum risk in the trade war. Naturally, all tech ETFs witness a bloodbath on May 13, among which, the following funds lost the least.