Skip to main content

Posts

Showing posts from February, 2018

Earnings Season Stars: Twitter and Snap Spike Higher

Welcome, readers. This post was sent out to Finance Trends Newsletter subscribers earlier today. Subscribe now to get all our email updates as soon as they are published. 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 SNAP chart 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'