It was interesting to watch Snapchat today after its earnings beat. It soared 30%. I personally think Snapchat is great, but have never really understood the long-term growth plan. Snap Kit seems really promising. But I noticed their user growth is not growing as fast as Instagram or Facebook or TikTok. So it's interesting to see that it's worth $50+ billion.
Since the March low Twitter has been trading within a channel that it is currently trying to break out from.
Additionally $ NYSE:TWTR TWTR is currently making new 52week highs, which is always a good setup for a long position.
With the earnings in mind it will be interesting to oberserve whether we can break out of the channel and continue the bullish momentum...
On 10/19/2020 Wells Fargo & Company set a target price of $33.00 for SNAP
The company said revenue rose on the year to $678.7 million from $446.2 million. Analysts had expected revenue of $550.3 million.
Daily Active Users were 249 million in Q3 2020, an increase of 39 million or 18% year-over-year.
The company has a Market Capitalization of 41.799B and a Net...
The Idea is to go long as per Major trend.
Just wait the end of the price retracement before going long.
Following Fibonacci all the following levels might work as support for the new rally:
1. 33.00 USD
2. 30.00 USD
3. 27.00 Usd
Snap shares jump more than 30% after earnings show strong gains in Snapchat online-advertising sales, which leads...
No doubt this has been an incredible run for the LA-based social media company. With stellar growth numbers and BIG revenue boost, the company just broke $50B in market cap.
To be clear, that still makes than $700B less valuable than NASDAQ:FB today... seems like there's more upside here?
For a company that never had a profit, actually with increasing losses with time, SNAP has really gained a lot of stock uplift the past year. More than doubling in "value". Frankly, Snapchat is quite a nice app, nice to use some funny filters for a few minutes once in a while. But their revenue scheme needs an overhaul. If in their previous quarterly reports they...
$SNAP above 27.85 can test 29.75, 31.22
next. SNAP reports Earnings on Tuesday
after the market closes. SNAP can move
3 - 4 points after earnings. Its possible to see
SNAP around 32 with good ER reaction.
Got a bunch of potentially worthwhile, earnings announcement volatility contraction plays on tap this coming week. Here there are, ordered by "bang for your buck":
AAL (29/99/19.7%), announcing Thursday before market open: Due to its size, I would probably go short straddle or iron fly, with the November 20th 12 short straddle paying 2.46 (19.7% as a...