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SNAP

Snap

$11.98

0.45 (3.90%)

14:49
04/23/19
04/23
14:49
04/23/19
14:49

Snap Inc. options imply 24.0% move in share price post-earnings, above median historical move

Pre-earnings options volume in Snap Inc. is 2.4x normal with calls leading puts 7:5. Implied volatility suggests the market is anticipating a move near 24.0%, or $2.88, after results are released. Median move over the past eight quarters is 18.0%.

  • 23

    Apr

SNAP Snap
$11.98

0.45 (3.90%)

04/18/19
VERF
04/18/19
DOWNGRADE
VERF
Sell
Snap downgraded to Negative from Mixed at Vertical Group
Vertical Group downgraded Snap to Negative citing slowing spending growth, stagnant ROI, and lower inventory.
04/18/19
04/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Morgan Stanley (MS) downgraded to Neutral from Buy at Citi with analyst Keith Horowitz saying Morgan Stanley reported "strong" Q1 results but the shares are fairly valued. 2. Snap (SNAP) downgraded to Negative from Mixed at Vertical Group and to Neutral from Outperform at Wedbush. 3. Rite Aid (RAD) downgraded with a Sell from Neutral at Guggenheim while Walgreens Boots Alliance (WBA) was downgraded with a Neutral from Buy. 4. CF Industries (CF) downgraded to Underperform from Buy at BofA/Merrill with analyst Steve Byrne saying he has spoken with 10 key channel contacts in the Cornbelt and several commented that never in their 30-plus year careers have they seen fertilizer applications this far behind, mainly due to the weather. 5. FMC Corporation (FMC) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the "uncertainty of Rynaxypyr and Cyazypyr patent expiration" as well as the reduced multiple from the recent lithium separation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/22/19
JEFF
04/22/19
NO CHANGE
JEFF
Jefferies still prefers Facebook in social, calls Twitter 'reasonably valued'
Social stocks have outperformed year-to-date, up ~55% versus the Nasdaq's rally of 20%, with Snap (SNAP) being the top performer up 120% after lagging the group in 2018, Jefferies analyst Brent Thill tells investors in a research note. The analyst continues to prefer share of Facebook (FB) in social with a Buy rating and $200 price target. He sees upside in average revenue per user and operating expenditure growth. Meanwhile, Thill is "incrementally positive" on Snap's "encouraging momentum," but says the company is "not out of the woods yet." If Snap can deliver on daily active user growth in Q1 it should be a catalyst for shares, however with the stock trading at nine-times 2019, these improvements are largely priced in, Thill tells investors in a pre-earnings research note. And while the analyst remains "fundamental fans" of Twitter, he views the stock as "reasonably valued." Further, Twitter faces tough comps for international in the first half of 2019 and for the U.S. in the second half of the year, Thill points out.
04/23/19
FBCO
04/23/19
NO CHANGE
Target $13
FBCO
Outperform
Snap price target raised to $13 from $10.50 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for Snap to $13 from $10.50 ahead of quarterly results. The analyst notes that the company recently released an updated version of its Android App, which will place it in a better position to address user demand across the globe. Ju now expects 3M incremental users for 2019 versus 1.5M decrease previously. He reiterates an Outperform rating on the shares based on potential for better-than-expected user growth with a revamped Android app, advertising revenue growth acceleration by the second half of the year, and Snap being a scarce asset that offers advertisers access to a coveted younger demographic.

TODAY'S FREE FLY STORIES

FB

Facebook

$182.08

-1.48 (-0.81%)

06:10
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Facebook pushes Instagram to grow ad business, The Information reports »

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TSLA

Tesla

$222.07

1.18 (0.53%)

, PCRFY

Panasonic

$0.00

(0.00%)

06:08
08/23/19
08/23
06:08
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06:08
Periodicals
Tesla in talks with LG Chem for batteries in China, Reuters reports »

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TSLA

Tesla

$222.07

1.18 (0.53%)

PCRFY

Panasonic

$0.00

(0.00%)

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  • 09

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PDS

Precision Drilling

$1.13

-0.02 (-1.74%)

06:06
08/23/19
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Precision Drilling announces approval of normal course issuer bid »

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PVTL

Pivotal Software

$13.69

0.01 (0.07%)

, VMW

VMware

$148.15

0.11 (0.07%)

06:06
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08/23
06:06
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06:06
Downgrade
Pivotal Software, VMware rating change  »

Pivotal Software…

PVTL

Pivotal Software

$13.69

0.01 (0.07%)

VMW

VMware

$148.15

0.11 (0.07%)

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PACW

PacWest Bancorp

$33.83

0.56 (1.68%)

06:05
08/23/19
08/23
06:05
08/23/19
06:05
Initiation
PacWest Bancorp initiated  »

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  • 23

    Sep

CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:04
08/23/19
08/23
06:04
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06:04
Hot Stocks
Corporacion America Airport reports Q2 passenger traffic up 3.8% y/y »

Cargo volume increased…

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  • 23

    Aug

NVS

Novartis

$88.97

-1.23 (-1.36%)

06:04
08/23/19
08/23
06:04
08/23/19
06:04
Periodicals
FDA zeroes in on Novartis delay in reporting data manipulation, WSJ reports »

Regulators examining test…

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CAAP

Corporacion America Airport

$5.81

0.295 (5.35%)

06:03
08/23/19
08/23
06:03
08/23/19
06:03
Earnings
Corporacion America Airport reports Q2 EPS 31c, may not compare consensus (10c) »

Reports Q2 revenue…

03/08/13
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  • 23

    Aug

QFIN

360 Finance

$10.65

0.05 (0.47%)

06:03
08/23/19
08/23
06:03
08/23/19
06:03
Hot Stocks
360 Finance CEO Jun Xu resigns, Haisheng Wu named successor »

360 Finance announced…

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  • 23

    Aug

TGI

Triumph Group

$22.70

0.19 (0.84%)

06:00
08/23/19
08/23
06:00
08/23/19
06:00
Downgrade
Triumph Group rating change  »

Triumph Group downgraded…

03/08/13
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03/06/13
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DB

Deutsche Bank

$7.17

0.155 (2.21%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

06:00
08/23/19
08/23
06:00
08/23/19
06:00
Periodicals
Deutsche Bank to move up to 800 staff members to BNP Paribas, FT reports »

Deutsche Bank (DB) plans…

DB

Deutsche Bank

$7.17

0.155 (2.21%)

BNPQY

BNP Paribas

$0.00

(0.00%)

03/08/13
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MO

Altria Group

$46.57

0.32 (0.69%)

05:57
08/23/19
08/23
05:57
08/23/19
05:57
Upgrade
Altria Group rating change  »

Altria Group upgraded to…

03/08/13
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AMZN

Amazon.com

$1,804.00

-19.19 (-1.05%)

05:52
08/23/19
08/23
05:52
08/23/19
05:52
Periodicals
Amazon to stop using tips to cover wages for Flex drivers, LA Times reports »

Amazon says it will no…

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  • 27

    Oct

OXY

Occidental Petroleum

$44.69

-0.35 (-0.78%)

05:49
08/23/19
08/23
05:49
08/23/19
05:49
Initiation
Occidental Petroleum initiated at Jefferies »

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  • 27

    Aug

LZB

La-Z-Boy

$31.52

1.48 (4.93%)

05:45
08/23/19
08/23
05:45
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05:45
Upgrade
La-Z-Boy rating change  »

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  • 27

    Aug

HPQ

HP Inc.

$18.91

-0.04 (-0.21%)

05:45
08/23/19
08/23
05:45
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05:45
Downgrade
HP Inc. rating change at Evercore ISI »

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  • 10

    Sep

HCM

Hutchison China MediTech

$20.53

0.13 (0.64%)

05:34
08/23/19
08/23
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08/23/19
05:34
Hot Stocks
Chi-Med initiates Phase I study of HMPL-523 »

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  • 09

    Sep

SMSEY

Samsonite International

$0.00

(0.00%)

04:55
08/23/19
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04:55
Conference/Events
Samsonite International management to meet with JPMorgan »

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  • 23

    Aug

SERV

ServiceMaster

$58.21

0.37 (0.64%)

04:55
08/23/19
08/23
04:55
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04:55
Conference/Events
ServiceMaster management to meet with Buckingham »

Meeting to be held in New…

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04:55
08/23/19
08/23
04:55
08/23/19
04:55
General news
Breaking General news story  »

Federal Reserve Chairman…

URBN

Urban Outfitters

$23.91

1.53 (6.84%)

04:55
08/23/19
08/23
04:55
08/23/19
04:55
Conference/Events
Urban Outfitters management to meet with MKM Partners »

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  • 25

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GLOB

Globant

$96.92

3.21 (3.43%)

04:55
08/23/19
08/23
04:55
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04:55
Conference/Events
Globant management to meet with William Blair »

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  • 23

    Aug

04:55
08/23/19
08/23
04:55
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04:55
General news
New Home Sales to be reported at 10:00 »

July New Home Sales will…

GKOS

Glaukos

$61.31

-1.71 (-2.71%)

04:55
08/23/19
08/23
04:55
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Conference/Events
Glaukos management to meet with JPMorgan »

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  • 23

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AMAT

Applied Materials

$47.04

0.21 (0.45%)

, AMD

AMD

$31.90

0.2 (0.63%)

04:55
08/23/19
08/23
04:55
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04:55
Conference/Events
MUFG Securities to hold a tour »

MUFG Securities Tech Tour…

AMAT

Applied Materials

$47.04

0.21 (0.45%)

AMD

AMD

$31.90

0.2 (0.63%)

ANET

Arista Networks

$227.19

0.48 (0.21%)

CHKP

Check Point

$109.20

-0.01 (-0.01%)

CSCO

Cisco

$48.20

-0.59 (-1.21%)

EQIX

Equinix

$554.08

2.15 (0.39%)

FLEX

Flex

$10.26

0.26 (2.60%)

INTC

Intel

$46.76

-0.39 (-0.83%)

NVDA

Nvidia

$171.44

0.21 (0.12%)

OTEX

OpenText

$39.11

0.18 (0.46%)

PYPL

PayPal

$108.74

-1.09 (-0.99%)

RNG

RingCentral

$142.36

2.33 (1.66%)

SQ

Square

$64.65

-0.78 (-1.19%)

STX

Seagate

$47.58

0.36 (0.76%)

TWLO

Twilio

$130.48

-0.57 (-0.43%)

V

Visa

$180.15

-0.8 (-0.44%)

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