Before its reported March IPO, Money Morning wants to make sure our readers are caught up each week on the most important Snapchat stock update.
And there’s a big product launch for Snap Inc. this fall. In fact, it could be worth billions of dollars.
Here’s what you need to know…
Snapchat Spectacles Release
On Sept. 23, Snap released its first hardware product, “Snapchat Spectacles.” And this could end up being a major catalyst for Snapchat stock.
According to The Wall Street Journal, the sunglasses will have a button you can tap to take 10-second videos.
day trading penny stocks: Bruker Corporation(BRKR)
- [By Javier Hasse]
Yet another stock experiencing a correction after the bell was Bruker Corporation (NASDAQ: BRKR), which lost 2.75 percent in after-hours, after having gained 4.5 percent during the day.
day trading penny stocks: Mitcham Industries Inc.(MIND)
- [By Monica Gerson]
Mitcham Industries, Inc. (NASDAQ: MIND) is projected to post a quarterly loss at $0.36 per share on revenue of $10.99 million.
Sinovac Biotech Ltd. (NASDAQ: SVA) is expected to post its quarterly earnings.
day trading penny stocks: ADMA Biologics Inc(ADMA)
- [By Monica Gerson]
The list of below stocks is notable as the shares have traded on sequentially increasing volume spanning the trading days from September 16 to September 20:
day trading penny stocks: Starwood Hotels & Resorts Worldwide, Inc.(HOT)
- [By Cameron Saucier]
After the deal was announced, the stocks of several companies benefited from their current exposure to Cuba or newly announced ties with the island country. For example, Royal Caribbean Cruises (NYSE: RCL) jumped from $69.11 per share on July 1 to $72.99 on July 12. And Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) hit its 52-week high of $84.37 in March after it announced new hotel deals in Cuba.
- [By Lisa Levin]
On Monday, cyclical consumer goods & services shares gained by 0.41 percent. Top gainers in the sector included Kandi Technologies Group Inc (NASDAQ: KNDI), Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT), and Lifetime Brands Inc (NASDAQ: LCUT).
day trading penny stocks: AmerisourceBergen Corporation (Holding Co)(ABC)
- [By Ben Levisohn]
AmerisourceBergen (ABC) sprinted to the top of the S&P 500 after releasing Street-beating earnings this morning.
Shares of AmerisourceBergen jumped 8.8% to $$75.96 today, while the S&P 500 dropped fell 0.7% to 2,097.94.
Leerink’s David Larsen and Matt Dellelo traces today’s big gain to Amerisource’s big drop following McKesson’s (MCK) earnings last week:
This morningAmerisourceBergen reported adjusted EPS of $1.30, which was well ahead of Leerink/consensus of $1.22/$1.22. The quality of the beat appears decent, with some pressure in gross margin, completely offset by lower SG&A costs. Given the dramatic reduction in guidance provided byMcKesson (MP), investors had been very cautious heading into the quarter. We are pleased to see that F2017 EPS guidance of $5.63-$5.88 brackets Leerink/consensus estimates of $5.85/$5.82. Brand inflation is now expected to be in the +7-9% range from 10% previously, and F2017 is expected to be back-half loaded. Our first impression of the quarter is that the print and guide are good and there will likely be a relief rally in the shares.
AmerisourceBergen’s market capitalization rose to $18.1 billion from $16.6 billion yesterday.