|Day Low/High||32.00 / 34.62|
|52 Wk Low/High||34.76 / 83.34|
Money-losing companies, even those who have potentially good prospects, are becoming less valuable on an absolute basis by the amount of their losses.
Shares of the social media giant have produced zero net return since its IPO, yet it's a better company today than it was then.
This might not be the prettiest play as earnings just landed, but it could turn into a nice opportunity.
While labor shortages are a short-term problem for Amazon, Microsoft thinks they could be an opportunity.
After a rough few days, Snap Inc. appears to be getting some bets that the stock could pop.
Positive Mayhem? Let's look at the week that was.
To be successful in this market right now, the key is to find the sectors that are working and focus on stock picking.
But by day's end many names rebounded, even if the S&P 500 finished with a small loss that broke its winning streak.
The good news is that this rotation and choppy action helps charts develop for the weeks ahead.
JP Morgan lowers Snap price target from $90 to $73. Wells Fargo lowers Snap price target from $95 to $75.
In particular, there are fresh pockets of speculative action, thanks in part to Donald Trump's connection with SPAC Digital World Acquisition Corp.
It's great to be filling in again for Doug Kass at the Daily Diary. Friday. Friday. Friday. Hope you're ready. I know I am. Markets have turned for the better overnight as Evergrande delayed impending doom, despite semi-negative to profoundly negati...
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
The problem with trading a name like DWAC is that it sucks up a lot of energy.
The after hours brought a plethora of negative EPS reports -- particularly of a tech kind (Intel , Snap , etc.) -- and took the s down $2.50+ lower. Roku , which I began shorting yesterday and added to today was, was down big on the news. In many wa...
I'm not going to make a move in front of earnings, but if the company executes well on this, it's going to be huge for them.
Now is when you either take profits or acknowledge the run happened without you, so the next best play is to watch for a pullback.
But it should only find a home in a portfolio seeking high potential rewards for taking high risk.
I believe this is one traders can opt to play for a longer-term move or a shorter-term look.
Imagine if the SEC did not prohibit underwriters from lending out shares to short-sellers for 30 days after an IPO?
The shares gapped higher after strong second-quarter earnings.
As we gear into a very heavy earnings week next week - more on that later - that also includes the Fed's next monetary policy meeting, I asked my Trifecta Stocks partner Bob Lang to give us a technical take on the S&P 500... take it away Bob: SPX 50...
Plus, what could be next out of the central banks and Congress and how it could affect Treasuries.
While big-caps are doing well and driving the indices, breadth is weak and small-caps are struggling.
Small-caps and mid-caps are still picking first downs on every play, storming back from a badly oversold condition that has just about normalized.