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Can SNAP slo-mo bounce from an earnings fall? LONGSNAP had a mild top and bottom line beat with last week's earnings and the price fall. Given SNAP's mediocre social media interface, I think the earnings were decent but I suppose most traders felt otherwise looking for more. Technically on the 1H chart, price is sitting at support at the bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator are flat line trendlines. Reversion to the mean says SNAP will rise from current market price. I will go long. If price can rise and get to 11.5, the volume profile's volume void suggests it could easily cross over the mean VWAP into the 12.5 range for another leg higher. If you want my ideas of targets and a stop loss, please comment.
NYSE:SNAPLong
by AwesomeAvani
SNAP, will snap to the big upside soon!SNAP has peaked at 18.0 levels a few days ago only to be tamed down back to 11.00 range. This after the last QTR earnings calls where the company missed earnings estimates even though the numbers are green. The overreaction to this is unwarranted. Now we're back again at discount levels. It's very rare we see an opportunity like this one. Significant net buying activity has been spotted. Position takers are placing their bets already on the recovery -- because it will. Spotted at 11.00 From our visual chart, the hint is clear. The 'star' is about to escape the bear cell and will rise to the sky again soon. Expect a series of significant rise from the current range. TAYOR.
NYSE:SNAPLong
by JSAL
1
Snap Stock Rockets 29% After Blowing Past Earnings ExpectationsSnap Inc. ( NYSE:SNAP ) sent shockwaves through the market with a stunning 29% surge in its stock price following an impressive earnings report that far exceeded expectations. The parent company of Snapchat reported robust revenue growth and a significant acceleration in its advertising business, catapulting investor confidence and reigniting bullish sentiments for the social media giant. Earnings Triumph Amidst Market Expectations Snap's first-quarter earnings report surpassed all projections, with the company earning an adjusted 3 cents per share on sales of $1.2 billion, defying forecasts of a 5-cent loss per share on $1.12 billion in revenue. This remarkable performance underscored Snap's resilience and ability to navigate through challenging market conditions, showcasing its prowess in monetizing its platform and driving user engagement. Revenue Surge Signals Renewed Growth The highlight of Snap's earnings report was its exceptional revenue growth, which surged by an impressive 21% year-over-year. This marked a significant turnaround from previous quarters, where Snap had faced tepid revenue growth and unfavorable comparisons to industry peers. The company's robust advertising platform and increased demand for direct-response ads were cited as key drivers behind this remarkable growth, signaling a promising trajectory for Snap's monetization efforts. Strategic Initiatives Drive User Engagement Snap's shareholder letter highlighted several strategic initiatives that contributed to its stellar performance, including the successful rollout of Snapchat+, a subscription product offering exclusive app features. The company reported a threefold increase in paying users, underscoring the effectiveness of its monetization strategies and the value proposition of its premium offerings. Additionally, Snapchat's daily active users saw a notable uptick, reaching 422 million, with further growth projected in the coming months. Wall Street Reacts With Optimism and Caution Analysts responded positively to Snap's earnings beat, with many raising their price targets and reaffirming their bullish outlook on the stock. Jefferies analyst James Heaney lauded Snap's revenue growth acceleration and raised his price target, citing strong performance in ad spending by small and medium-sized businesses. However, some analysts maintained a cautious stance, citing concerns over revenue predictability and regional user growth patterns. Technical Challenges Amidst Market Volatility Despite the impressive stock surge, Snap ( NYSE:SNAP ) still faces significant challenges, including a year-to-date decline of 10% and lingering concerns over its technical ratings. The company's stock remains below its all-time high, reflecting ongoing volatility and investor skepticism. However, Snap's stellar earnings performance has injected renewed optimism and positioned the company for a potential rebound in the market. Snap's Resurgence Signals Renewed Momentum Snap's stellar earnings report and subsequent stock surge mark a significant milestone in the company's journey towards sustained growth and profitability. With robust revenue growth, strategic initiatives driving user engagement, and positive sentiment from analysts, Snap is poised to capitalize on its strengths and overcome market challenges. As the social media landscape continues to evolve, Snap stands out as a compelling investment opportunity, poised to deliver long-term value to shareholders amidst a rapidly changing digital ecosystem.
NYSE:SNAPLong
by DEXWireNews
Snap Stock Surges 25% on First-Quarter ExpectationsSnap Inc., ( NYSE:SNAP ) the parent company of the popular photo messaging app Snapchat, stunned investors by outpacing Wall Street's expectations in its first-quarter earnings report. The company's stock soared 25% in after-market trading, reaching $14.32, as it revealed impressive revenue growth and user expansion. In a period where digital advertising has become fiercely competitive, Snap's ( NYSE:SNAP ) revenue for the quarter ended March 31 surged to $1.2 billion, a remarkable 21% increase from the previous year. This figure surpassed analysts' consensus estimate of $1.12 billion, indicating that Snap's efforts to enhance its advertising system have yielded results quicker than anticipated. Central to Snap's ( NYSE:SNAP ) success has been its concerted efforts to refine its ad-targeting capabilities and streamline user interaction with advertisements. These improvements have not only boosted revenue but also positioned Snap to better compete with industry giants like Meta Platforms, the parent company of Facebook. Snap's optimism extended into its forecast for the second quarter, with projected revenue between $1.23 billion and $1.26 billion, surpassing analyst expectations. Additionally, daily active users on Snapchat reached 422 million, exceeding analyst projections of 419.6 million. The company's bullish outlook comes at a crucial moment, as regulatory pressures mount against its competitors. With the recent passage of a bill in the U.S. Senate threatening to ban TikTok, owned by Chinese tech company ByteDance, Snap ( NYSE:SNAP ) stands to benefit from potential shifts in marketing budgets if TikTok becomes unavailable. Snap's strategic positioning and strong user growth have instilled confidence in its future prospects. The company anticipates further user expansion, with expectations to reach 431 million users in the second quarter. Moreover, Snap's commitment to cost efficiency is evident in its projection of quarterly infrastructure costs per user between 83 cents and 85 cents for the remainder of the year. While Snap's ( NYSE:SNAP ) remarkable performance in the first quarter has ignited optimism among investors, the key question remains: Can it sustain this momentum? As competition intensifies and market dynamics evolve, Snap ( NYSE:SNAP ) will need to demonstrate its ability to consistently innovate and capture value in the rapidly evolving digital landscape. In conclusion, Snap's impressive earnings report and bullish outlook underscore its resilience and adaptability in navigating the challenges of the digital advertising market. As the company continues to capitalize on its strengths and expand its user base, investors are closely watching to see if Snap can maintain its trajectory of growth and profitability in the quarters ahead.
NYSE:SNAPLong
by DEXWireNews
6
Reversal for $SNAP?Hi all, posting an idea that I like and have a position in for this coming week. NYSE:SNAP is showing some signs of a reversal to the upside after several months of downside/sideways trading due to it breaking the horizontal flag the downside with a gap down after it's last earnings report. This time around it is showing signs of a reversal to the upside at the bottom of a long-term trading channel. I drew this using parallels lines from the top of the channel to the bottom of the channel. The stock demonstrated price action above both the daily 9 and 20 SMAs the past two trading sessions and closed above them. The 55 SMA was tested twice and rejected thus far. The price action showed 3 green daily candles (3 white knights) in a row followed by a red candle back to the 20 SMA. The RSI is healthy sitting right around 50. The MACD histogram is moving back to the upside. NYSE:SNAP earnings report will come on Thursday, 25Apr2024 after market close. Earnings Whisper is showing an options implied move of 21.4%. This is a highly speculative idea, but based on this technical analysis I have taken a position in $12 call options with an expiration of 26Apr2024. This is not a recommendation to buy, it's just an idea that I am sharing and something that I am positioned in.
NYSE:SNAPLong
by goodatthis
Snap's Stock Surge 5.23% Amidst TikTok Turmoil:In the ever-evolving landscape of social media, rivalries often dictate market dynamics and investor sentiment. The recent flurry of legislative activity surrounding TikTok, the hotly popular social media platform, has cast a spotlight on its American counterpart, Snap Inc., the owner of Snapchat. As the U.S. House of Representatives deliberates on measures to either transfer ownership or ban TikTok in the United States, Snap's stock witnessed a notable surge, signaling a renewed focus on the dynamics of the social media landscape. Legislative Turmoil and Market Reaction The brewing legislative storm surrounding TikTok has triggered a flurry of market activity, with investors closely monitoring developments. As House Speaker Mike Johnson spearheads efforts to compel ByteDance, TikTok's China-based owner, to divest its U.S. operations, Snap's stock experienced a significant uptick, closing 4.7% higher amidst broader market fluctuations. The stark contrast between Snap's bullish performance and the slight slump of the S&P 500 index underscores the market's keen interest in the fate of TikTok and its implications for industry competitors. TikTok's Fate Hangs in the Balance The proposed legislative measures aiming to either facilitate TikTok's divestiture or enforce a ban in the United States have injected uncertainty into the social media landscape. While lawmakers rally behind foreign aid bills that could incorporate the TikTok measure, questions linger regarding the potential repercussions for NYSE:SNAP and its business operations. The looming possibility of TikTok falling into the hands of a formidable American competitor raises concerns about intensified rivalry and market disruption. Bullish Sentiment vs. Real-World Implications Amidst the speculative fervor surrounding TikTok's fate, questions arise regarding the tangible impact on Snap's business trajectory. While the market's bullish reaction suggests optimism about Snap's competitive positioning, skeptics caution against overestimating the implications of TikTok's potential divestiture. The likelihood of legal challenges and constitutional debates surrounding the proposed measures adds layers of complexity to the unfolding narrative, tempering expectations of a straightforward resolution. Navigating Uncertainty: Snap's Strategic Outlook As NYSE:SNAP navigates through the tumultuous waters of legislative uncertainty, strategic foresight and adaptability emerge as key pillars of resilience. While market dynamics may fluctuate in response to legislative developments, Snap's focus remains steadfast on innovation, user engagement, and long-term growth. The company's ability to weather regulatory storms and pivot in response to evolving market dynamics underscores its resilience and commitment to shareholder value. Conclusion: A Rivalry Redefined The intersection of legislative scrutiny and market dynamics has reshaped the narrative surrounding NYSE:SNAP and its rivalry with TikTok. While legislative turbulence may introduce short-term volatility, Snap's enduring focus on innovation and user-centric experiences positions it for sustained success in the competitive social media landscape. As the saga unfolds, investors and industry observers alike await the next chapter in the evolving rivalry between NYSE:SNAP and TikTok, poised at the intersection of legislation and market forces.
NYSE:SNAPLong
by DEXWireNews
SNAP - WEEKLY BULLISH DIVERGENCE - LOOKS GOODSnapchat stock looks good now. The price creates higher lows. Weekly bullish divergences are not a joke. We expect SNAP to give 285 % gains in a long-term. Targets / Take profit areas are shown on the chart. SNAP is down 90 % from its ATH. It's not a time to be bearish . DCA into SNAP and enjoy the profit on the way up. We may see a pullback to retest the previous low or to create one more higher low before getting stronger momentum. However, there is a chance that the weekly bullish divergence plays out soon and we won't see lower prices. Good luck
NYSE:SNAPLong
by vf_investment
3
RiskMastery's Red Flag Stocks - SNAP EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NYSE:SNAP ... I believe this code is at a point of potential volatility. If price can hold below $11.19 ... Bearish potential may be unlocked. My key downside targets include: - $10.25 (Conservative) - $8.86 (Medium) - $7.78 (Aggressive) If however price breaks above $12.89 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:SNAPShort
by Bullfinder-official
Snap may benefit from the TikTok ban. Trading idea 14/03/2024The US House of Representatives has passed a bill to ban TikTok in the US due to concerns over the platform's ties to China. The Senate will next consider the matter. According to analysts at CFRA Research, Snap Inc. stands to be the primary beneficiary of a TikTok ban. The app's audience overlaps that of TikTok, which could allow the issuer to increase its active users and likely lead to higher ad sales volumes and company revenue. Let's turn our attention to the stock chart of Snap Inc. (SNAP). On the daily (D1) timeframe, a support level has been established at 11.11, with resistance forming at 12.65. As the quotes have rebounded from the lows of late February this year, we are witnessing the start of an upward trend. On the hourly (H1) timeframe, long positions might be attractive upon breaking through the 12.65 level, targeting a short-term goal of 15.18. Maintaining a long position up to 17.92 could be considered in the medium term. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:SNAP
by RoboMarkets
Snap Inc. Faces Uphill Battle as Ad Sales Trail RivalsCompetition for advertising dollars is fierce. However, recent reports show that Snap Inc., (NYSE: NYSE:SNAP ) the parent company of Snapchat, is struggling to keep pace with industry giants Meta and Alphabet, raising concerns among investors and analysts alike. The Snap Slump: A 31% Plunge in Stock Value - Snap Inc. shares tumble 31% as fourth-quarter revenue falls short of Wall Street expectations. - Intense competition from Meta and Alphabet leaves Snap lagging behind in the advertising race. - Investors face a significant loss in market value, highlighting concerns over Snap's performance. Snap's Battle Against Industry Heavyweights - Snap's (NYSE: NYSE:SNAP ) advertising revenue fails to match the robust performance of competitors like Meta and Alphabet. - Advertisers appear to favor larger, more stable platforms amidst economic uncertainty. - The struggle to attract advertisers raises questions about Snap's long-term sustainability in the market. Assessing Snap's Position - Analysts express disappointment over Snap's inability to keep up with big tech titans. - Snap's (NYSE: NYSE:SNAP ) fourth-quarter revenue misses estimates, signaling underlying challenges in its ad business. - Layoffs signal cost-cutting measures, but fail to reassure investors about Snap's growth prospects. Valuation Disparity - Snap's (NYSE: NYSE:SNAP ) shares trade at a significantly higher forward PE ratio compared to social media rivals Meta and Pinterest. - The valuation gap reflects investor skepticism about Snap's (NYSE: NYSE:SNAP ) ability to rebound from the ad slump. - Concerns grow as fewer investors remain optimistic about Snap's future trajectory. The Road Ahead - Snap (NYSE: NYSE:SNAP ) faces the daunting task of regaining investor trust and rebuilding its ad business. - Strategic initiatives are needed to differentiate Snap (NYSE: NYSE:SNAP ) from its larger competitors and attract advertisers. - Transparency and decisive action will be key in restoring confidence and demonstrating long-term viability. Conclusion Snap Inc.'s (NYSE: NYSE:SNAP ) recent struggles underscore the intense competition and challenges inherent in the social media and tech industry. As the company navigates turbulent waters, its ability to innovate, adapt, and regain investor confidence will ultimately determine its fate in an increasingly crowded marketplace dominated by industry giants.
NYSE:SNAP
by DEXWireNews
The Unstoppable Rise of Snapchat #BullishReady to ride the SNAP wave? NYSE:SNAP NYSE:SNAP broke through the $14 resistance level, and we're now targeting the next major price level at $26. One of the main drivers of Snapchat's bullish momentum is its impressive user growth. The platform has managed to engage a vast audience, particularly among the 13-34 age group, which is highly sought after by advertisers. This has led to a surge in revenue, with Snapchat's advertising business thriving as more brands seek to tap into this lucrative market. Snapchat's unique approach to social media, with its focus on ephemeral content and augmented reality filters, has set it apart from its competitors. This differentiation has allowed the company to carve out a niche for itself and attract a loyal user base that is highly engaged with the platform. Furthermore, Snapchat's recent expansion into new areas, such as gaming and original content, has demonstrated the company's ability to adapt and evolve in an ever-changing digital landscape. This willingness to explore new avenues of growth is a testament to the company's forward-thinking mindset and bodes well for its future prospects. The bullish momentum for Snapchat is driven by a combination of factors, including impressive user growth, innovative features, and a strategic focus on key demographics. As the company continues to expand and evolve, it is well-positioned to capitalize on the growing demand for engaging social media platforms and solidify its position as a leader in the industry. Future looks bright for SNAP Chat. Bullish!
NYSE:SNAPLong
by EgideSimba
2
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting. That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market. All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
4
Snap (NYSE: SNAP) Shares Gain on Jefferies UpgradeSnap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00. The most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to Jefferies, was largely due to the rebuild of their direct response (DR) advertising platform. This revamp led to a drop in revenue in the first two quarters of the year. However, recent developments suggest that the DR platform is starting to show positive trends. Snap is well positioned to achieve a 15% revenue growth in fiscal 2024, marking a significant increase from around 0% in 2023. Price Momentum SNAP is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:SNAPLong
by DEXWireNews