JUMP REPORT
Avg Daily Volume: 21,248,155 Market Cap: 25.73B
Sector: None Short Interest: None
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .01/share REV: 563.03/M
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LAST QTR: EPS: -.05/share ACTUAL: -.04/share (BEAT)
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NEXT QTR: EPS: -.06/share REV: 461.63/M
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FULL YR: EPS: -.19/share REV: 1,720/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: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.64, 18.74, -7.75
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
(Bloomberg) — Snap Inc. cut its revenue and profit forecasts below the low end of its previous guidance, sending shares plunging as much as 31% and pushing other social media stocks down.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneRussian Diplomat Quits in Rare Public Protest Over War in UkraineWalmart’s Troubles Should Have Everyone on High AlertT
(Bloomberg) — Social media stocks are on course to shed more than $100 billion in market value after Snap Inc.’s profit warning, adding to woes for the sector which is already reeling amid stalling user growth and rate-hike fears.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneRussian Diplomat Quits in Rare Public Protest Over War in UkraineWalmart’s T
The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street’s strong start to the week. U.S. stock futures indicated a 0.92% slide for the S&P 500 and 1.53% tumble for the Nasdaq at the restart, tarnishing a strong session on Monday that saw the indexes climb 1.86% and 1.68% respectively. Traders pointed to an after-the-bell profit warning from Snapchat owner Snap, which saw the stock tumble 28% in extended trading.
The dollar hit a fresh one-month low on Tuesday as the euro extended gains while a broad selloff in stock markets failed to boost the U.S. currency’s safe haven appeal. The euro, which was the stand-out gainer on Monday after European Central Bank President Christine Lagarde indicated negative interest rates, a euro zone feature for eight years, will most likely be gone by the end of summer, extended gains. The single currency was up 0.4% at $1.0729 in early London trading as traders cut back some of their short bets after Lagarde said interest rates were likely to be in positive territory by the end of the third quarter.
The safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street’s strong start to the week. The euro retreated 0.21% to $1.0672, although barely denting the 1.17% surge from Monday, when European Central Bank President Christine Lagarde said policymakers were likely to lift the euro area deposit rate out of negative territory by the end of September. The risk-sensitive Aussie dollar dropped 0.46% to $0.70775, and sterling declined 0.22% to $1.2558.
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