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SNAP

Snap

$15.19

0.15 (1.00%)

06:19
11/04/19
11/04
06:19
11/04/19
06:19

Snap CEO stands by 2018 redesign that sank stock, WSJ reports

Snap CEO Evan Spiegel gave an interview to The Wall Street Journal in which he said Snapchat's 2018 redesign had proved beneficial to the company, Georgia Wells and Matt Murray report. The redesign provoked huge backlash from users when it first rolled out, and caused Kylie Jenner to tweet that she didn't open the app any more, sending Snap's stock spiraling. Spiegel told the publication that the redesign resulted in higher engagement with professionally made "premium" content. Reference Link

  • 21

    Nov

SNAP Snap
$15.19

0.15 (1.00%)

10/23/19
NEED
10/23/19
UPGRADE
NEED
Hold
Snap upgraded to Hold from Underperform at Needham
10/23/19
NEED
10/23/19
UPGRADE
NEED
Hold
Snap upgraded to Hold from Underperform at Needham
Needham analyst Laura Martin upgraded Snap to Hold after its Q3 earnings beat, saying that based on its Q4 EBITDA guidance, she now expects the company to reach breakeven free cash flows in Q1 of 2020. The analyst notes that the company has "met its promise" to reduce costs and drive margin expansion, while its $1.1B convertible debt issuance in August has added to its balance sheet strength. Martin further cites Snap's improved revenue trajectory with a "growing number of 'always on' advertisers".
10/23/19
JPMS
10/23/19
UPGRADE
Target $20
JPMS
Overweight
JPMorgan upgrades 'increasingly compelling' Snap to Overweight from Neutral
JPMorgan analyst Doug Anmuth upgraded Snap to Overweight from Neutral with a price target of $20, up from $17. The stock in premarket trading is up 2% to $14.33. Following a 20% pullback from recent highs and last night's Q3 results that "showed more encouraging trends," Snap shares are "increasingly compelling," Anmuth tells investors in a research note. The analyst believes Snap's platform and business have both "improved dramatically over the past several quarters." Daily active users have now increased for three straight quarters, accelerating to 13% growth in Q3, while daily time spent continues to run at 30-plus minutes per user, Anmuth points out. Further, the analyst thinks Snap is at an "inflection point" with positive EBITDA for the first time in Q4.
10/23/19
10/23/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Coca-Cola (KO) upgraded to Buy from Neutral at UBS with analyst Sean King saying the company is "effectively navigating" aggressive U.S. price increases, a transformational deal for Costa, and demonstrating strong innovation capabilities while reinvigorating growth in high-margin sparkling. 2. Biogen (BIIB) upgraded to Outperform from Market Perform at SVB Leerink and to Buy from Neutral at Guggenheim. 3. Snap (SNAP) upgraded to Overweight from Neutral at JPMorgan and to Hold from Underperform at Needham. 4. Travelers (TRV) upgraded to Hold from Sell at Deutsche Bank with analyst Joshua Shanker saying while management warned investors six weeks ago to expect headwinds from a challenging environment from tort severity, Travelers' Q3 results were still materially worse than expected. 5. PPL Corp. (PPL) upgraded to Neutral from Underperform at Macquarie with analyst Angie Storozynski saying an M&A deal is increasingly likely as it would solve the company's balance sheet and dividend problems. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ALKS

Alkermes

$21.01

-0.56 (-2.60%)

12:01
12/11/19
12/11
12:01
12/11/19
12:01
Periodicals
Alkermes tells Bloomberg with work with FDA to ensure compliance »

In an emailed statement…

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$314.08

0.53 (0.17%)

12:01
12/11/19
12/11
12:01
12/11/19
12:01
Hot Stocks
Gundlach says Fed will keep rates unchanged today »

DoubleLine CEO Jeffrey…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$314.08

0.53 (0.17%)

03/08/13
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JFIN

Jiayin Group

$6.13

-0.57 (-8.51%)

12:01
12/11/19
12/11
12:01
12/11/19
12:01
Conference/Events
Jiayin Group management to meet with Roth Capital »

Meeting to be held in San…

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  • 12

    Dec

SSI

Stage Stores

$6.01

-0.715 (-10.64%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
Stage Stores falls -10.6% »

Stage Stores is down…

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GME

GameStop

$5.27

-1.2299 (-18.92%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
GameStop falls -19.0% »

GameStop is down -19.0%,…

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  • 13

    Dec

UNFI

United Natural Foods

$7.34

-2.54 (-25.71%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
United Natural Foods falls -25.7% »

United Natural Foods is…

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  • 11

    Dec

  • 18

    Dec

CTRA

Contura Energy

$7.11

0.565 (8.63%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
Contura Energy rises 8.5% »

Contura Energy is up…

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03/06/13
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KODK

Kodak

$3.06

0.3 (10.87%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
Kodak rises 12.7% »

Kodak is up 12.7%, or 35c…

03/08/13
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PACK

Ranpak Holdings

$6.60

0.65 (10.92%)

12:00
12/11/19
12/11
12:00
12/11/19
12:00
Hot Stocks
Ranpak Holdings rises 12.9% »

Ranpak Holdings is up…

03/08/13
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  • 11

    Dec

USB

U.S. Bancorp

$59.58

-0.36 (-0.60%)

11:56
12/11/19
12/11
11:56
12/11/19
11:56
Hot Stocks
U.S. Bancorp now sees Q4 NIM down about 9bps vs. previous 7bp guidance »

Says expects to achieve…

03/08/13
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  • 11

    Dec

  • 15

    Jan

URBN

Urban Outfitters

$26.61

-0.72 (-2.63%)

11:55
12/11/19
12/11
11:55
12/11/19
11:55
Options
Urban Outfitters put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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CSCO

Cisco

$44.38

0.27 (0.61%)

11:55
12/11/19
12/11
11:55
12/11/19
11:55
Conference/Events
Cisco to hold an investor webcast »

Chairman and CEO Chuck…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 11

    Dec

  • 12

    Dec

  • 08

    Jan

  • 12

    Feb

11:50
12/11/19
12/11
11:50
12/11/19
11:50
General news
FOMC is expected to indicate it's going into hibernation in 2020 »

FOMC is expected to…

ARWR

Arrowhead

$68.74

-2.02 (-2.85%)

11:46
12/11/19
12/11
11:46
12/11/19
11:46
Recommendations
Arrowhead analyst commentary  »

Piper Jaffray reiterates…

03/08/13
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03/06/13
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03/06/13
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BMWYY

BMW

$0.00

(0.00%)

, GOOG

Alphabet

$1,345.62

1.12 (0.08%)

11:46
12/11/19
12/11
11:46
12/11/19
11:46
Hot Stocks
BMW to integrate Android Auto into its vehicles starting in mid-2020 »

The BMW Group (BMWYY)…

BMWYY

BMW

$0.00

(0.00%)

GOOG

Alphabet

$1,345.62

1.12 (0.08%)

GOOGL

Alphabet Class A

$1,344.45

1.41 (0.10%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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UBER

Uber

$28.28

0.39 (1.40%)

11:45
12/11/19
12/11
11:45
12/11/19
11:45
Options
Uber call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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XP

XP

$0.00

(0.00%)

11:41
12/11/19
12/11
11:41
12/11/19
11:41
Syndicate
Breaking Syndicate news story on XP »

XP opens at $32.75, IPO…

03/08/13
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  • 11

    Dec

LEN

Lennar

$59.55

0.425 (0.72%)

11:35
12/11/19
12/11
11:35
12/11/19
11:35
Options
Lennar put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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BBSI

Barrett Business

$89.46

0.01 (0.01%)

11:33
12/11/19
12/11
11:33
12/11/19
11:33
Conference/Events
Barrett Business management to meet with Barrington »

Meeting to be held in…

03/08/13
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  • 11

    Dec

  • 13

    Dec

CHSCP

CHS Inc.

$28.30

0.09 (0.32%)

11:33
12/11/19
12/11
11:33
12/11/19
11:33
Hot Stocks
CHS obtains exclusive rights to Corteva Agriscience sunflower breeding program »

CHS announced that it has…

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TRXC

TransEnterix

$0.17

-0.0057 (-3.19%)

11:31
12/11/19
12/11
11:31
12/11/19
11:31
Hot Stocks
TransEnterix announces one-for-thirteen reverse stock split »

TransEnterix announced…

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  • 18

    Dec

TM

Toyota

$141.55

0.38 (0.27%)

11:31
12/11/19
12/11
11:31
12/11/19
11:31
Hot Stocks
Toyota announces executive leadership changes in North America »

Toyota Motor North…

03/08/13
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XP

XP

$0.00

(0.00%)

11:29
12/11/19
12/11
11:29
12/11/19
11:29
Syndicate
Breaking Syndicate news story on XP »

XP indicated to open at…

03/08/13
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03/06/13
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  • 11

    Dec

11:29
12/11/19
12/11
11:29
12/11/19
11:29
Conference/Events
JPMorgan U.S. Internet analyst to hold an analyst/industry conference call »

U.S. Internet Analyst…

11:26
12/11/19
12/11
11:26
12/11/19
11:26
Conference/Events
JPMorgan airfreight/surface transport to hold analyst/industry conference call »

Airfreight & Surface…

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