JUMP REPORT
Avg Daily Volume: 30,024,978 Market Cap: 15.71B
Sector: None Short Interest: 11.67
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.07/share REV: 431.4/M
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LAST QTR: EPS: .01/share ACTUAL: .03/share (BEAT)
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NEXT QTR: EPS: -.05/share REV: 428.5/M
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FULL YR: EPS: -.08/share REV: 2,060/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 75% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -15.12, -7.64, 18.74
EXPECTED JUMP MOVE: 10-15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
With a TikTok ban potentially set to take effect in the U.S. on Sunday, other social media platforms could compete for its users’ attention, analysts at Morgan Stanley said.
The US Supreme Court ruled to uphold the law banning TikTok in the US unless the company sells to a non-adversary by January 19. If TikTok does not sell its ownership, the app’s revenue and 170 million users could be consequential, with platforms like Instagram (META), YouTube, and Snapchat (SNAP) poised to gain traffic. Rohit Kulkarni, Roth Capital Partners senior research analyst, joins Catalysts to speak on the uproar as well as the legal risks for Apple (AAPL) and Google (GOOG, GOOGL) that would lead to TikTok being removed from their respective app stores. “This is a significant event in the history of tech and cross-border tech,” Kulkarni says. He explains that the significant number of hours people spend on TikTok will likely go to companies like Instagram, YouTube, Snapchat, and “maybe other companies like Reddit (RDDT) and Pinterest.” It is also unclear where TikTok’s high revenue will be redirected after the ban. Kulkarni suggests that money “would just follow the waterfall of the market share.” In particular, he posits, “Google and Facebook [are] the biggest market share companies; most likely, advertisers would probably take that money away from TikTok and go back to those two.” “The reality is that Apple and Google will likely remove TikTok from the app store, which means in the next month or so, users are going to be in a limbo, advertisers are going to be in a limbo,” Kulkarni explains. Additionally, Kulkarni suggests Trump could use TikTok as leverage in US-China negotiations. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch
We recently published a list of 10 Companies Reflect Market Decline. In this article, we are going to take a look at where Snap Inc. (NYSE:SNAP) stands against other companies that reflect market decline. The stock market was lackluster on Thursday, with Wall Street’s main indices ending the day with marginal declines. The Dow Jones […]
The president-elect is considering issuing an executive order to temporarily block the law that will either ban or force a sale of the app, according to a Wall Street Journal report.
Both President Biden and President-elect Trump are reportedly weighing action to prevent a total TikTok shutdown.
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