|Bid||19.02 x 4000|
|Ask||19.00 x 1800|
|Day's Range||18.84 - 19.75|
|52 Week Range||6.20 - 19.75|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.06|
Pinterest has surpassed Snapchat in popularity among U.S. users, according to a new eMarketer report. Yahoo Finance’s Dan Roberts joins Seana Smith on The Ticker to discuss.
Jim Cramer expressed optimism about Snap Inc.'s (NYSE: SNAP) stock value on Thursday. The company reported a 13% increase in daily active users year-on-year, even as it faces increased competition from Facebook Inc. (NASDAQ: FB) and subsidiary Instagram along with new entrant video sharing platform TikTok, and other social media platforms.
The key to picking stocks is knowing what works, Jim Cramer told viewers Thursday night on Mad Money. In his experience, what works are turnaround stories such as Snap Inc. , the parent of Snapchat app, that had been written off and left for dead last year, before nearly tripling from its lows. In the daily bar chart of SNAP, below, we can see a constructive picture.
NBC Olympics and Snap Inc. are once again partnering to put coverage of the Games in the hands of millennials and Generation Z. The division of NBC Sports Group, itself part of Comcast Corp. (NASDAQ: CMCSA), will create four daily Snapchat shows during the Tokyo Olympics. The deal marks the third Olympics collaboration between the two companies following Rio 2016 and PyeongChang 2018. NBC plans to release more than 70 episodes for the Snap (NYSE: SNAP) app leading up to and during the event — more than triple the number compared to the 2018 Games — including for the first time two daily highlights programs that will be updated "in near real-time throughout the day." In addition, two unscripted Snapchat shows will release two new episodes per day: "Chasing Gold," which debuted during PyeongChang, following the journeys of Team USA athletes, and a new daily recap of the day's most memorable moments.
(Bloomberg) -- Chinese internet giant ByteDance Inc. is seeking a new chief executive officer for its TikTok business, a hugely popular video app that American politicians have targeted as a potential security threat.The company has interviewed candidates in recent months for the CEO role, which would be based in the U.S., according to people familiar with the matter, who asked not to be named because the search is private. In one potential scenario, the new CEO would oversee TikTok’s non-technical functions, including advertising and operations, while current TikTok chief Alex Zhu would continue to manage the majority of product and engineering out of China, one person said. The hiring process is ongoing and the envisioned role could still change depending on who is selected, the people added.Zhu, who co-founded a predecessor to TikTok called Musical.ly, took over the business last year, though ByteDance also has a Chinese version of TikTok called Douyin, which is run by a different management team. The eventual corporate structure involving Zhu and the new CEO is still unclear, the people said, and Bytedance has hired executive search firm Heidrick & Struggles to help lead the process.A spokesman for TikTok declined to comment. Heidrick & Struggles didn’t respond to a request for comment.The new hire won’t affect the role of Vanessa Pappas, who currently oversees TikTok’s U.S. operations from Los Angeles, one person said. In a blog post Wednesday, Pappas wrote that TikTok has opened a new Culver City office with plans to “scale our local operations,” and now has more than 400 U.S. employees.“While we are a global company, having a permanent office in LA speaks to our commitment to the U.S. market and deepens our bonds with the city, and the talent and companies, that call it home,” she wrote.Beijing-based ByteDance, led by CEO Yiming Zhang, has built TikTok and Douyin into some of the world’s most popular apps with more than a billion users between them who share short video clips of things like lip-syncing and dance videos. That has made ByteDance the most valuable tech startup in the world, challenging the dominance of U.S. companies like Facebook Inc. and Snap Inc.The app is growing fast and drawing a lot of attention from advertisers and competitors. Snap CEO Evan Spiegel said over the weekend he thought TikTok alone could grow to be larger than Instagram, which has more than 1 billion active users and has been the go-to social media destination for young people in the U.S.With rising tensions between China and the U.S., however, American politicians have warned the app represents a national-security threat. The Committee on Foreign Investment in the U.S., better known as CFIUS, has begun a review of ByteDance’s 2017 purchase of the business that became TikTok, Bloomberg News reported in November.ByteDance is weighing a range of options to address those concerns, from an aggressive legal defense to the sale of a stake in TikTok, Bloomberg News reported in December. A representative for the company said at the time there have been no discussions about any partial or full sale of TikTok.“I remain deeply concerned that any platform or application that has Chinese ownership or direct links to China, such as TikTok, can be used as a tool by the Chinese Communist Party to extend its authoritarian censorship of information outside China’s borders and amass data on millions of unsuspecting users,” U.S. Senator Marco Rubio, a Republican from Florida, wrote in a letter to the Treasury Department, which chairs CFIUS.The hiring of a new U.S. CEO may be aimed at resolving those security concerns, the people said. It’s possible ByteDance is searching for a candidate who could help address questions in Washington or for someone with the skills to lead an independent business if it faces pressure to separate TikTok from the Chinese parent. It’s unclear how much autonomy this new CEO would have. A number of successful tech companies are led by CEOs who also have influence over product direction, including Facebook, Snap and Twitter.ByteDance would prefer to maintain full control of the business if possible, given its soaring popularity and profit potential, Bloomberg News reported earlier. It may argue that TikTok presents no security threat or that the U.S. has no legal standing over the business.TikTok has said it strives to create a safe and positive online environment. “We are not influenced by any foreign government, including the Chinese government; TikTok does not operate in China, nor do we have any intention of doing so in the future,” the company said in October.(Updates with detail on search company in the third paragraph.)\--With assistance from Zheping Huang.To contact the reporters on this story: Kurt Wagner in San Francisco at email@example.com;Sarah Frier in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Jillian Ward, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The global backlash against Big Tech is not all bad news for Silicon Valley. For some, the techlash is proving to be an irresistibly effective marketing ploy. Earlier this week, news website Axios reported that Snap founder and chief executive Evan Spiegel had appeared on stage in Germany and taken a swipe at Facebook (which has plundered Snapchat features in the past) by claiming that his social media platform had avoided the criticisms levelled at Facebook because it adopted the right division between private and public communication.
At the end of the third quarter, Pinterest (NYSE:PINS) had 322 million monthly active users (MAUs). That fact, along with the market value assigned PINS stock, sets up a rather interesting comparison.Source: Nopparat Khokthong / Shutterstock.com Pinterest's enterprise value (EV) -- its market capitalization less cash -- is $11.3 billion. Snap (NYSE:SNAP) announced it had 210 million DAUs (daily active users) for its 3Q earnings, which means its monthly user base is likely much higher. Furthermore, its EV is more than twice as high.Twitter (NYSE:TWTR) finished 2018 with 321 million MAUs, at which point it stopped disclosing that figure. It closed the 3Q 2019 with 145 million DAUs, and its enterprise value is right around $23 billion -- almost exactly double that of Pinterest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom a per-user standpoint, PINS stock looks noticeably undervalued. The question at this point, though, is if it should be. PINS Stock RalliesTrading in Pinterest stock this week suggests investors are paying closer attention to user-based valuation. A report on Tuesday from eMarketer showed that Pinterest actually has more U.S. users than Snapchat in 2019. In the three ensuing sessions, PINS stock gained 17%. * The Top 5 Dow Jones Stocks to Buy for 2020 Again, the optimism makes some sense -- particularly with PINS stock struggling in recent weeks. Shares plunged after the company's third-quarter report in November showed slowing revenue growth. But the report was hardly terrible: the top line still grew 47% year-over-year in the quarter.Also, with PINS stock below $20 after fading further following the post-earnings selloff, valuation looked reasonable -- at least by social media stock standards. Valuation remains reasonable, with EV/2019 revenue just above 10x, and the 2020 multiple barely above 7x. On a top-line basis, too, PINS trades at a discount to TWTR and SNAP.In fact, it trades at only a modest premium to Facebook (NASDAQ:FB), whose revenue growth next year is expected to be around 21% versus 35% for Pinterest. It might seem crazy -- or the sign of a bubble in the market -- to argue that PINS stock is cheap at 7x revenue, with adjusted earnings per share (EPS) next year likely to be barely positive. But, on a relative basis, it is. The Case for Pinterest StockAnd where that gets particularly interesting is looking at how Pinterest monetizes those users. Simply put, Pinterest isn't doing a very good job -- yet. Its global ARPU (average revenue per user) in the third quarter was just $0.90. The figure at Snap (albeit on a daily user basis, which inflates the number somewhat in comparison) was $2.12. Twitter (again, based on daily numbers) was near $6, and Facebook (using MAUs) above $7 -- about eight times that of Pinterest.Somewhat counterintuitively, this is good news for PINS stock, as it means there's plenty of room for improvement. That's most obviously true overseas, as ARPU outside the U.S. in the third quarter was just 13 cents. On the other hand, SNAP stock has rallied over the past 13 months thanks to optimism toward its own potential for better monetization, especially overseas. Pinterest has a similar opportunity and a lower stock price, at least relative to its users and revenue.The eMarketer report seems to have reminded investors of that fact, and so the rally this week makes some sense. The RisksThat said, there are three key risks here. The first is that the other stocks in the social media space may well be overvalued. Pinterest stock could outperform SNAP going forward, but that alone doesn't mean PINS will rally.The second is that competition is going to be intense, and Pinterest is later to the game. Amazon (NASDAQ:AMZN) quickly is becoming a force in online advertising, and threatening the duopoly of Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) in the process. Pinterest is a later entrant into the space, which may make it more difficult to challenge those giants.Finally, it's fair to wonder at least a little bit, if execution needs to improve. The international ARPU figures in particular are quite soft -- and can't be explained solely by different demographics and buyer behaviors. All social media companies have much higher monetization domestically, but none have the huge spread that Pinterest does; ARPU in Q3 was $2.90 in the U.S., 22x the overseas figure.The opportunity for improvement is bullish in the sense that ARPU can drive overall revenue growth. However, it's bearish in the sense that the opportunity is so large. ARPU rose just 14% YOY in Q3. A 26% rise in the U.S. is solid, but with the domestic user base up just 8% YOY, there might not be enough in that market to drive the growth still priced into the stock.Meanwhile, overseas markets, again, are much smaller: even Facebook generated just $3.24 per user in Asia-Pacific in Q3, and $2.24 in its "Rest of World" segment (which excludes the U.S., Canada, Europe, and Asia Pacific). That's a big reason why PINS stock slumped so much after the Q3 report, despite seemingly impressive consolidated results. A Key Earnings Report for PINS StockRecent trading and the reaction to Q3 suggest that the fourth-quarter report, due on Feb. 6, is exceedingly important. Investor enthusiasm has built just this week. Valuation might be cheap on a relative basis, but PINS stock still trades at nearly 7 times 2020 revenue and over 300 time adjusted EPS.Pinterest doesn't necessarily have to prove its ability to better monetize users in a single quarter, but it needs to inspire confidence on that front. This increasingly is a story of opportunity versus execution, and Pinterest needs to make sure investors keep focusing on the former -- and not the latter.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post The Key Questions for Pinterest Stock Before February Earnings appeared first on InvestorPlace.
Snap (NYSE:SNAP) was one of the biggest winners in social media in 2019, with its shares nearly tripling. After a dreadful downturn following its IPO, Snap enjoyed the same sort of turnaround that other social media networks did. Don't rush to conclude that Snap will eventually have the same success that, say, Facebook (NASDAQ:FB) did, however.Source: Ink Drop / Shutterstock.com Snap still faces a ton of challenges, including inconsistent user growth, a lack of profitability and relatively low revenue generation per user. At $6 per share, investors had largely given up on Snap's story. Up here at $19, the risk and reward are more fairly balanced.On top of that, CEO Evan Spiegel is selling large quantities of stock, including a $50 million sale this week. Should you join him in ringing the register?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap's Bull CaseGiven the big run-up in Snap shares last year, it's worth asking what folks still see in the stock. At 17x sales and still losing money on an earnings basis, people aren't buying Snap stock for its strong profitability or cash flows.Rather, there's the excitement that Snap seems to be turning the corner. The company has done a better job of monetizing users. And, bulls argue, potential weakness at the dominant ad companies such as Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook give Snap an opportunity. For years, investors have been speculating on which platform would become the solid No. 3 player in the industry. Twitter (NYSE:TWTR) has seemingly squandered its chance to seize that position, and it's left the door open for Snap. So far, Evan Spiegel and his team have been executing on that opportunity. AI FactoryEarlier this month, Snap announced that it is buying AI Factory, a firm based out of Ukraine that focuses on video-editing technologies. Specifically, AI Factory helped with the creation of Snap's new Cameos feature that allows users to turn their selfies into animated short videos. * 7 Small-Cap Stocks That Are Not Worth a Second Glance Snap has enjoyed tremendous success pioneering photo lenses and filters, and is betting that giving this sort of creativity to short videos will help drive more user engagement and create additional types of advertising opportunities. Other players such as TikTok are reportedly working to create videos from user selfies, so Snap is also taking a decisive step to stay ahead of the curve there. Questions About AI FactoryOne thing worth considering is that this AI Factory purchase may affect Snap in another way. $166 million is a large enough price tag that Snap will probably report adjusted earnings numbers that take this merger into account. As such, particularly if Snap reports softer-than-expected earnings, it may be able to divert attention from the numbers by saying that the figures aren't comparable due to the acquisition.This could help Snap stock in the short run, particularly if earnings come in soft. Over the long term, however, make sure to double check whether things such as reported EBITDA and cash flow figures are as good as they may seem once you account for accounting adjustments from the merger.There's also a related parties concern to consider with AI Factory. AI Factory was founded by Victor Shaburov. Shaburov and Snap already had history together. According to TechCrunch, Snap acquired Shaburov's previous company, Looksery in 2015, and Shaburov became a director of engineering at Snap. Then, Shaburov left Snap to co-found AI Factory in 2018. Less than two years later, Snap had to pony up $166 million to acquire Shaburov's latest company. This seems like an expensive way to deal with a key employee and innovator. The Bottom Line on Snapchat StockRecently, InvestorPlace's Thomas Niel concluded that Snap's stock is already priced for perfection, and wrote:"So what's the call? Consider a buy if the SNAP stock price dips. At current prices, there's not enough upside to compensate for underlying risks."I agree with Niel's take. Snap has the ability to power up to $20 and potentially past that if ad spending continues to grow at a decent clip. But don't count on 2020 to be anything like 2019 for Snap stock -- it will be a much tougher climb this year. And with shares already having tripled off the lows, it wouldn't take much for traders to want to start locking in profits on Snap if anything goes wrong.I know it's tempting to want to grab speculative stocks like this. The market is on fire, and Snap could take off like so many other hot names. But I'd urge you to be cautious. There will almost certainly be a better moment to buy Snap and other low-profitability tech companies once a correction hits.At the time of this writing, Ian Bezek owned FB stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Wait for a Correction to Buy Snap Stock appeared first on InvestorPlace.
Snap is the IBD Stock Of The Day, as the social media company and owner of Snapchat broke out to a one-year high and moved into a buy zone. Snap also was upgraded to buy.
Business momentum is here to stay for Snapchat parent Snap, but 2020 will bring headwinds for Twitter, analysts say.
Although shares of Snap Inc (NYSE: SNAP ) have appreciated by 21% over the past month, the company’s prospects for revenue growth and margin expansion appear underappreciated, according to UBS. The Snap ...
Snap stock has recovered sharply from a steep decline that began the day after its initial public offering in 2017. A series of product upgrades and features is driving new growth.
Shares of Pinterest Inc. have had a strong week, rising 17% over the past three trading sessions, and the rally looks poised to continue after an upgrade to overweight from equal weight by Wells Fargo analyst Brian Fitzgerald. The stock is up more than 4% in premarket trading Friday. "Shares have materially underperformed the broader market since the company's April 2019 IPO, despite our view that the company's fundamentals remain on solid footing, as Pinterest has delivered generally solid results, handily exceeding pre-IPO targets with healthy audience and engagement growth, strong revenue growth and solid progress toward profitability," he wrote. He sees several catalysts down the road, including greater engagement stemming from more video on the platform, improvements in monetization on the heels of ad-tech upgrades, and better international monetization as the company invests in an overseas sales force. Fitzgerald said that Pinterest's average revenue per user in the U.S. was 22.5 times what it was internationally in the third quarter, compared to 3.6 times for Snap Inc. , 4.6 times for Twitter Inc. , and 6.9 times for Facebook Inc. . He upped his price target to $30 from $28. Pinterest shares have risen 26% over the past month, but they're off 12% over three months. The S&P 500 has climbed 4% over one month and 11% over three.
Snap Inc. shares rose 3% in premarket trade Friday, after UBS upgraded the stock to buy from neutral and said it expects positive business momentum to continue into 2020 and beyond. Analysts led by Eric Sheridan raised their stock price target to $24 from $16, equal to 32% upside from its current price. "While the stock is up 21% over the past month and certainly not a contrarian idea to upgrade at these levels, we see a renewed mgmt team focused on driving a mix of user growth (especially the Android refresh) and ad monetization that could produce multi-year revenue growth even above our newly raised forecasts," the positive picture of U.S. internet users, suggesting strong growth in usage and ad conversion, said the note. At the same time, industry data is showing solid momentum for ad budget allocation and potential tailwinds for pricing on Snap's snapchat platform over the medium term. Snap shares have gained 128% in the last 12 months, while the S&P 500 has gained 26%.
Pinterest (PINS) becomes the third largest social media network, surpassing Snapchat, per a recently released eMarketer Report. The report predicts Pinterest's user growth to continue in 2020.
A new calendar year doesn't always mean a fresh start. But when it comes to three of 2019's more painful investments, well-built technical bottoms and out-the-gate momentum in January are favoring turnarounds that become full-fledged, bullish momentum stocks in 2020. Let me explain.I've said it before and it bears repeating, every dog has its day. In the markets this is akin to down and out stocks, which unexpectedly surprise investors with a jump in share price. But not every doggish stock is bound to be sent back into the proverbial dog house. Some will go on to become momentum stocks.As discussed earlier this month at InvestorPlace.com, rotations into underappreciated or even vilified stocks can turn into massive opportunities as overly bearish sentiment and price action turn aggressively around. Often these disruptive shifts in investment behavior occur early in the calendar year. If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments 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 * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 3 Momentum Stocks to Consider for 2020 appeared first on InvestorPlace.
Google getting rid of cookies and acquiring Pointy, Amazon's Bezos visiting India and lending money to UK's Deliveroo, Intel's new CIO and other stories are covered in this daily take.