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STOCKS RISE AMID WEAKER-THAN-EXPECTED Q3 GDP, DROP IN JOBLESS CLAIMS
Investors looking ahead to more earnings reports today from companies including Apple and Amazon
Snap Inc. (SNAP)
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Snap Is A Strong Buy Now, Here's Why: (Seeking Alpha)
Shares of Snap went through a large drop in pricing since Friday. With Snap’s top line and ARPU still growing, the drop is not justified.
Snap reported a record 306M daily active users for the third-quarter last week, showing 23% year over year growth, and the earnings card showed record users in all territories.
Snap is growing its user base and ARPU rapidly, which are the two most important metrics for social media companies. After Snap went through a near-30% drop in pricing, I bought Snap for the recovery potential!
BREAKING: Snapchat just announced they officially reached 100 million monthly users in India. Earlier in the year they had 60 million. The company also announced partnerships with Flipkart, Zomato, Sugar Cosmetics and MyGlamm to integrate its AR technology into these platforms.
CNBC, Bloomberg, & Reuters didn't even report about this major news for Snapchat. 100 million users in India + massive partnership with Android smartphone vendors & Flipkart.
TWTR fell 10% today, so ofc that will have an effect on SNAP too. All social network stocks are down today.
This 5% drop isnt related to SNAP at all. No need to worry guys.
Snapchat and one of the biggest companies in India Flipkart form a partnership to integrate Snap's AR Camera Kit to more than Flipkart's 350+ million customer base. This is massive adoption of Snapchat's AR tech.
Just added to my SNAP position. A significant rebound seems to be imminent!
The bloodbath is created by: 1) those who have the means to manipulate the market 2) by those manipulated by the market who decide to sell (with losses) in a panic reaction. If you’re not yet experienced to know you shouldn’t sell, this is the right moment to build your investor capacities. You either buy and average or you hold. Recovery is just a matter of time and patience. Stay strong and long
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the government especially with the current economy crisis around the world
Snapchat is the fastest growing social media platform and nothing comes close. Growth rate is ridiculous and shows no signs of stoppage. "Of all the major publicly traded social media platforms (Snapchat, Twitter, Facebook, and Pinterest), none is growing as fast as Snapchat. Daily active users in the third quarter exceeded the company's own guidance, increasing by 23% to 306 million, which marked its fourth consecutive quarter of at least 20% year-over-year user growth. Snap is also experiencing user growth in all three of its geographies: North America, Europe, and Rest of World.
That's important because it shows Snapchat continuing to resonate with its audience and drive increased adoption. The business' growth is ultimately tied to its user base, and the more users it has to monetize, the greater its potential revenue is.
The company is also winning with the most valuable demographic -- users aged 13 to 34 in developed countries. In its core markets in the U.S., U.K., France, Australia, and Netherlands, 90% of the 13-to-24 population and 75% of the 13-to-34 population uses Snapchat. Piper Sandler's survey of American teens found that Snapchat was the most popular social media platform with a 35% share this fall, up from 31% in the spring.
For the fourth quarter, the company expects robust user growth to continue, forecasting DAUs of 316 million to 318 million, or up 19% to 20% from the year-ago quarter. As long as user growth is solid, the growth story is intact." -Motley Fool
I am not much into social stocks but if Cathie buys something it usually goes up significantly. I have been following her for the last 3-4 years and she is 90% of the time right. Very smart lady.
Catherine Wood: Despite the revenue miss, Snap grew daily active users by 23% year-over-year to 306 million, marking the fourth consecutive quarter of 20%+ growth.
Transitory Nature Of Headwinds Offers Attractive Upside For The Long-Term Investor-
Current shares price reaction is overdone and offers an attractive entry point for the long term investor.
We reiterate our "Buy" rating and value SNAP on EV/Rev of 12x 2023E revenue which is significantly below its post pandemic average of 21x and imputes an upside of 38%.
"Invest when there is blood on the street" - We take the advice of successful long-term investors such as Warren Buffet and Terry Smith who suggests that investors should look to buy stocks on price declines driven by short-term bad news. We see the emergence of these short-term headwinds as transitory, as advertisers take some time to adopt, educate and derive learnings from SNAP's relatively new measurement apps replacing the old iOS ecosystem and remain confident in its 50% YoY growth trajectory for the medium to long term.
We reiterate our "Buy" rating and value SNAP on EV/Rev of 12x 2023E revenue which is significantly below its post pandemic average of 21x and imputes an upside of 38%. AlphaTech Equities
SeekingAlpha: Snap Is A Strong Buy Now.
Cathie Wood's ARK Investment bought about 462.5K shares of Snap on Monday.
Only the TRUTH
Bought Jan 2022 Calls for CHEAP when this went to low $52's!!
REBOUND RALLY SOON!! No way does the earnings justify 1/3 of Market Cap loss in days
Only the TRUTH
Bought CHEAP Jan 2022 Calls today!! Was very happy to LOAD UP in low $52's
I looked at the last two down drafts of SNAP in March and in May. Check them out. If you look carefully there was always upside into the Friday Options Exp during both of them. I expect a little spike down in the morning on Thursday and then a reversal going green into the close and up nicely by end of day Friday.
I’m telling you just be patient Netflix, Twitter, even fb have had drops of 20% and recovered like 2-3 months later I think 65-70$ end of year
Cathie Wood's ARK Invest Posts Fund Purchases For Monday, Oct. 25, 2021: SNAP -
Snap (SNAP) - 462,490 shares.
Benzinga does not provide investment advice. All rights reserved.
Facts bear out well for you snap longs. 1-year, 2-year and 3-year charts nicely reflect the wealth accumulation you have enjoyed. That failing snap shorts along the way fueled your gains is just a bit of icing.
Day 3 and institutional investors really start buying the dip. It's that easy!
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