JUMP REPORT
| Avg Daily Volume: 29,642,592 Market Cap: 18.65B Sector: None Short Interest: None |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.05/share REV: 434.8/M
___________________________________________________________
LAST QTR: EPS: -.10/share ACTUAL: -.06/share (BEAT)
____________________________________________________________
NEXT QTR: EPS: .0/share REV: 553.3/M
______________________________________________________
FULL YR: EPS: -.20/share REV: 1,700/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
______________________________________________________
BEAT/MISS RECORD: 80% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 18.74, -7.75, 29.11
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
Shares of social network Snapchat (NYSE: SNAP) jumped 6.5% in the morning session after Jefferies analyst James Heaney upgraded the stock’s rating from Hold (Neutral) to Buy and raised the price target from $12 to $16. The price target implied a potential 15% upside from where shares traded when the upgrade was announced. The analyst added that the worst headwinds are behind and sees “a pathway back to revenue growth over the next three to five years.”
Snap and Pinterest stocks were climbing Thursday after a Jefferies analyst cited confidence that the advertising trends will improve for both social media companies. Jefferies analyst James Heaney upgraded shares of Snap and Pinterest to Buy from Hold on Thursday. Heaney also raised Snap’s price target to $16 from $12 and Pinterest’s price target to $41 from $32.
Jefferies upgraded Pinterest (PINS) and Snap (SNAP) to “Buy” from “Hold,” citing “catalysts” for 2024 revenue growth. According to the team led by analyst James Heaney, Snap’s setup into year-end looks ‘compelling’ with revenue growth likely to reaccelerate into the ‘mid-teens’ next year. Jefferies call on Pinterest is based on ‘increasing conviction’ in the company’s ability to grow revenue more than 20% in fiscal year 2024. Yahoo Finance Live breaks down the key points from the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Snap, Pinterest, Hewlett Packard Enterprise, and an Outperform initiation at Ecolab. Snap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00.
Eleven of the world’s biggest tech companies, including Amazon.com, Alphabet’s Google and Microsoft, will sign an agreement with the British government on Thursday to step up their efforts to tackle online fraud, the interior ministry said. Under the “Online Fraud Charter,” due to be signed at a meeting chaired by Interior Minister James Cleverly in London, the companies pledge to take further action to block and remove fraudulent content from their sites, the government said. In addition to Amazon, Google and Microsoft, the voluntary agreement will be signed by eBay, Meta Platforms’ Facebook and Instagram, Microsoft’s LinkedIn, Match Group, Snap’s Snapchat, ByteDance’s TikTok and Google’s YouTube, with a pledge to implement the measures that apply to their companies within six months.
StockJumpers analysis and trade plans are uploaded generally 1 HOUR (3PM EST) for most events.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
ANALYSIS:
StockJumpers trajectory analysis reveals a negative market reaction the release. Investors have been generally upbeat about this release however we think even with a beat, that without strong subscriber growth that surpasses expectations this stock will fall.
Our preliminary data puts our bias at short for the event.
___________________
OUR TRADE PLAN:
ENTRY: SELL – end of day or sooner
STOP LOSS: NA
INITIAL PROFIT TARGET: 12%
___________________
TRADE ASSIST: YES – though some of the move may be priced in
POST RELEASE ACTION:
[/mepr-show
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
NOTICE: All data on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.