Snap will be a serious competitor to Facebook and Google, says investor
Snap will join the ranks of Facebook and Google in importance in the eyes of “serious advertisers,” Bill Ford, CEO of General Atlantic, told CNBC on Wednesday.
In his first TV interview ever, Ford — whose private equity firm has $19.6 billion under management — told “Squawk Alley” that if Snap continues to grow its user base at its current rate the company will soon be on the same playing field as Google and Facebook. (General Atlantic has ownership stakes in Snap, Uber and Airbnb, among others.)
Snapchat Keeps Unique Daily Audience Against Instagram Challenge
Snap Inc., the newly public corporate parent of Snapchat, makes its money by telling advertisers that it has a base of young, obsessed users who can’t be reached as easily anywhere else.
That claim has met more skepticism lately as Facebook Inc.’s applications rush to copy Snapchat’s most popular feature — a tool called stories that allows people to upload video snippets of their day, which disappear after 24 hours. The feature has been most popular on Facebook’s Instagram, where it’s used by 200 million people daily, more than Snapchat’s entire app.
App Annie: Snap Beats Facebook on Unique Users (SNAP, FB)
According to new research from App Annie, the app analytics and data analysis firm, many people assume users of the leading social media and messaging apps are on all of them, but it’s not the case for Snapchat.
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On the Tape Today | 5-4-17
RH has doubled in price and continues to show no signs of stopping. A fuel candlestick after a series of melted candlesticks triggers a new long. If the stock gapes higher on the open, wait for a pause, don't get caught buying from yesterday's momentum longs. Looking to slowly build a new swing trade with ultimate target @ $64.
Tape Reading the SPY ETF
$SPY holding the bullish gap for six days now.
The big picture says expect another leg higher, but to be honest, I am neutral. I’m shifting strategies and not looking “long only.” The longer the stock market trades sideways, the more I am simply looking for an increase in volatility, but not calling direction.
I learned this strategy shift from Linda Bradford Rashke years ago. Basically you are looking for a trend day, but not making a directional call. The market will always shift from periods of consolidation, to bursts of momentum, and if we’re lucky, order flow. Once order flow becomes obvious, we can get aggressive in our decision making.
Today I am neutral, but open to a trend day on either side. Here’s the catch though, I am still bullish long-term. You have to be, what evidence do you have for a short sale?
Side Note: Airline stocks have perked up recently. Nice follow through in our call on SLCA yesterday.
Stock Market Today: Heatmap of the S&P 500
Stocks to Trade 5-4-17 | Thursday Edition
Bullish Momentum: STI, GRUB, JWN, WDC, RH, DLPH, FSLR
Bearish Momentum: akam, viab, slca, aa, dish, cbs, sm, x, dis, dvn
Long-Term Order Flow
Bullish Order Flow: RH, WDC, SWKS, COST, STT, WYNN, DLTR, EXPE, HD, CAT, AET, BA, HON, ADSK, UNP, AVGO, AAPL, NFLX, AMZN, FB, UNH, BABA, TSLA
Bearish Order Flow: apc, slca, x, lyb, dfs, hog, hal, slb, oxy, pxd, clr
2X Normal Volume: TWLO, APC, FSLR, AKAM, SYF, VIAB, DLPH, DIS, SM, CBS, SLCA, DFS
Inside Days: pfe, mu, nvda, cvs, oxy, mo, amat, ms, dhi, v, jblu, csx, luv, unh, azn, crm, ccl, bbby, gsk, kmx, intu
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