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Showing posts from February, 2018

Earnings Season Stars: Twitter and Snap Spike Higher

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You may have heard of Snapchat (certainly your kids or your younger nieces and nephews have) and its parent company, Snap Inc (SNAP).

The youth-targeted social messaging and live-streaming app IPO'd in 2017, but quickly disappointed investors with a slow decline from its early highs near $28 into the mid-teens (how appropriate, given their demographic).

Well, after a nearly year-long decline, SNAP shares are roaring back in a big way. The stock surged higher this week on its first earnings beat (the company still reported a loss of -13 cents per share) and increased revenue Y-O-Y.

Here is the SNAPchart I shared yesterday on Twitter, with the following note: "There's the high volume, gap up move after earnings. Buyers, Wall St. proving their interest. Powering out of last year's downtrend."


As…