giftedviz.com
giftedviz.com March 23, 2017


Snapchat snags its first 'buy' rating; shares rise

20 March 2017, 11:19 | Austin Hogan

Snap Shares Pop as Company Gets Its First-Ever Buy Rating from Wall Street

Snapchat snags its first 'buy' rating; shares rise

Shares of Snapchat's parent company rose 3.5 percent to $20.23 early Monday after they got their first "buy" rating from a bank analyst.

Snap Inc. was initiated Monday at buy, a rare move so far, by James Cakmak of Monness, Crespi, Hardt.

Still, the relatively upbeat note to clients came with a few caveats.

"We see a company with the potential to outpace revenue growth of peers by 7x, along with a steep margin trajectory, while peer margins have likely peaked", he said in a report.

Polanski Once Again Seeks to Resolve 40-Year-Old Sex-Crime Case
In 2003, he won an Oscar for directing the Holocaust film The Pianist but did not travel to the United States to collect it. The hearing was the first time in seven years that a Los Angeles judge has considered Polanski's case, which dates to 1977.


Doc Rivers calls on National Basketball Association to reduce back-to-back games
LeBron James - not to be outdone down the stretch - also finished with 14 of his 34 points in the fourth quarter. There was never any doubt that they Cavs' Big Three would be active tonight, but it never hurts to confirm.


A's catcher Ryan Lavarnway homers in Team Israel's second WBC win
Australia play China on Thursday, and if they win it would set up a showdown against Cuba that could decide a round-two berth. The blue-and-white scored three runs in the bottom of the first inning and never looked back.


Cakmak said Snap, which calls itself a camera company, could possibly replace the camera app, and he added that the digital camera had seen little innovation since its invention in 1975.

Another five analysts have recommended selling Snap while four analysts have neutral ratings. Six now have the equivalent of a sell rating, while the remaining five rate Snap shares a hold.

The parent company of Snapchat, had an outstanding first day in its public debut on the New York Stock Exchange, popping 44%!

Snap initially raised some eyebrows on Wall Street, with analysts flagging the company's slowing user growth, widening losses and lack of voting rights for outside investors. MoffettNathanson, Nomura and Needham all placed various versions of "sell" on the stock, while Susquehanna and Aegis Capital started SNAP stock off with "hold" ratings.



Other News

Trending Now

What Wenger told me concerning his future - West Brom Coach, Tony Pulis
It will not necessarily be linked with the top four because I've done that 20 times. Arsenal were second-best in every department on Saturday bar one - possession.

This is The Samsung Galaxy S8: Leaked Pictures and Specs Confirm Everything
We say seemingly, because they don't quite match up with the images of the S8 in various colors that leaked recently. At this point, it is either device's game as both are set to bring tough competition to each other.

President Trump: Changes to GOP health bill will garner support
The Republicans are not "doing this behind the scenes and just bringing some bill to the floor and making people vote for it". Several participants later confirmed to reporters that those who attended the meeting indeed are now a "yes".

Scottish Government frozen out by Downing St over triggering of Article 50
Dr Muscat was answering questions by Opposition Leader Simon Busuttil in parliament, following an official ministerial statement . May embarked Monday on a tour of Britain as part of ongoing engagements with devolved regions ahead of triggering the Article 50.

Theresa May tells Vogue why Donald Trump held her hand
But in an interview with American Vogue , she laughed off the hand gesture, saying: "I think he was actually being a gentleman". Asked by the magazine what she thought of the U.S. commander-in-chief, she said "I like to think we got on".

Sen. Cruz: '50-50 Whether the Democrats Filibuster' Gorsuch
And beware of senators, Republican or Democrat, trying to pin Gorsuch down on hot-button issues such as abortion or gun rights. Gorsuch's non-judicial writings contain several powerful clues about his views on the constitutionality of abortion .

'Big Bang Theory,' CBS reach two year deal
Fans of the "Big Bang Theory" can count on new episodes of the popular comedy through 2019. Chuck Lorre and Steven Molaro, who produce Big Bang , also will produce Sheldon .

Russian Federation summoned Israeli ambassador over airstrikes in Syria
Those attacks haven't been challenged by Syria, for the most part. One missile was intercepted by Israel's Arrow air defense system.

United Kingdom to begin Brexit process on March 29
The move comes nine months after Britain voted 51.9 percent to 48.1 percent in favour of Brexit in a referendum on 23 June, 2016. Her first stop was Wales, and she was also expected to visit sites in Scotland, Northern Ireland and England in the coming days.

Russian Federation claims: No evidence of collusion - Nunes
He declined to speculate on how long it would take to conduct the investigation, but suggested that it wasn't nearing completion. National Security Agency, Admiral Mike Rogers , told Monday's hearing that the allegation had strained relations with London.