LATE MOVERS: McDonald's stock hits all-time high as Wells Fargo boosts target; New Age Beverages extends licensing agreement with Bob Marley's family
Also moving Wednesday were AT&T, Boeing, Anadarko Petroleum and Snap
Company
Snap Inc
NYSE:SNAP
The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps. Snaps are viewed primarily through the Snapchat application, but can also be embedded on the Web or on television in certain circumstances. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. The Company’s advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters. As of December 31, 2016, on an average, 158 million people used Snapchat every day to Snap with family, watch Stories from friends, see events from around the world, and explore curated content from publishers.
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Tech firms lead rebound in IPOs but disappointing Lyft float raises concerns about hefty valuations
Could a rough start to trading by ride sharing company Lyft set the stage for upcoming tech IPOs?
Investments and investor services
MOVERS: Snap's new gaming platform earns upgrade; Intel dips on downgrade
Also making moves Friday were Intel and Office Depot
Uber picks NYSE for its US$120bn IPO next month – media reports
The ride-hailing app giant is set to list on the New York Stock Exchange in April, according to Bloomberg, which cited people familiar with the matter
LATE MOVERS: Dollar General stock swoons on 4Q earnings miss; GE closes up on positive outlook
Also making moves Thursday were Facebook, Snap and MongoDB
Investments and investor services
LATE MOVERS: Chipotle gains after 4Q earnings and revenue beat estimates of analysts
Also moving were General Motors and Take-Two Interactive Software
Investments and investor services
Late Movers: Alcoa picks up traction after-hours on swing to 4Q profit
Other stocks moving include Aurora Cannabis, Goldman Sachs, Ford, Bank of America, Sears, Snap and merger target First Data
Early Movers: Amazon shares tumble on disappointing earnings while the McRib sandwich makes a comeback at McDonald's
Snap, the parent of the social media messaging app Snapchat, is also being punished for a lacklustre earnings report, before the opening bell
Snap beats Street's 3Q revenue and profit estimates, but still struggles to draw new users
Snap’s redesign has faced challenges attracting more users since its introduction last year
Hardware & electrical equipment
Facebook Stories hits 300M Daily Active Users and welcomes advertisers to the feature
In comparison, Snapchat reported 181 million daily active users
A clutch of Wall Street analysts downgrade Snap, sending its shares plunging
“Tired of watching Snapchat decline from the sidelines”, BTIG analyst Richard Greenfield downgraded the messaging app to Sell from Neutral and set its price target at US$5
Wedbush upgrades Snap to Outperform, raises price target on confidence in turnaround
The analysts were confident Snap would ‘turn the corner sooner rather than later,’ benefitting from new executive leadership
Archive
EARLY MOVERS: CBS takes center stage as boss Les Moonves resigns amid sexual misconduct claims; Alibaba stock lower
Also in focus in New York pre-market trade are Snap Inc and Nike Inc's impressive sales figures
FTSE 100 ends in positive territory as Barnier now sees potential Brexit deal in weeks
The UK's index of leading shares added 1.6 points, or 0.02% , to finish at 7,279, while sterling was up 0.80% against the US dollar
Snap Inc says source code leaked; zips past 2Q revenue and profit estimates
Despite shedding daily active users in the quarter, the social media company's shares soared after beating Wall Street's revenue and profit estimates
Wall Street takes bets on Snapchat ahead of today's second-quarter earnings
Will Snap's revenue and monthly users be enough to prevent a sell-off?
These OTC-traded companies are ready to disrupt the big-cap social media space
A flurry of social media scandals left some users looking for alternative ways to share. Two companies fill the need.
Hardware & electrical equipment
WhatsApp chips away at Facebook as young people turn to the messaging app to discuss news events, says Reuters Institute
News usage at the social network is down 9 percentage points from 2017 in the US and 20 points for younger audiences
Hardware & electrical equipment
Snap bounces on short squeeze rally amid speculation it’s a potential takeover target
M&A speculation is boosting the stock forcing short sellers to run for cover
Pre-Market Movers: Twenty-First Century Fox, Comcast, Zillow and Snap
A look at what's piquing investor interest before the opening bell on Wall Street