Snap Stock Crash: "Highly Unlikely That the Weakness Is Isolated," Jefferies Says

Yahoo Finance2022-05-25

Following a grim profit warning Monday from Snap Inc., investors have another excuse to shed tech shares.Snap stock plunged more than 40% on Tuesday — falling below the platform's initial public ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

231

Report

Comment（10）

Skyzero9285
·2022-05-25
Too many competitor...Human only got 2 eyes and few hours to play a day...
Reply
Like
Report
kenong62
·2022-05-25
Like
Reply
Like
Report
pal22
·2022-05-25
👍
Reply
Like
Report
BIGpotato
·2022-05-25
Wow
Reply
3
Report
reallyyy
·2022-05-25
Ok
Reply
4
Report
YJ Lee
·2022-05-25
Ok
Reply
4
Report
Ahsiang
·2022-05-25
Omg
Reply
2
Report
ramius75
·2022-05-25
😓
Reply
3
Report
Tiger 88
·2022-05-25
👍
Reply
4
Report
Mingfa
·2022-05-25
Ok
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2238308566?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-05-25 10:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2238308566","market":"us","top_or_hot":-1,"title":"Snap Stock Crash: \"Highly Unlikely That the Weakness Is Isolated,\" Jefferies Says","media":"Yahoo Finance","content":"<div>\n<p>Following a grim profit warning Monday from Snap Inc., investors have another excuse to shed tech shares.Snap stock plunged more than 40% on Tuesday — falling below the platform's initial public ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snap-warning-weakness-jefferies-190259682.html\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap Stock Crash: \"Highly Unlikely That the Weakness Is Isolated,\" Jefferies Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnap Stock Crash: \"Highly Unlikely That the Weakness Is Isolated,\" Jefferies Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-25 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snap-warning-weakness-jefferies-190259682.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Following a grim profit warning Monday from Snap Inc., investors have another excuse to shed tech shares.Snap stock plunged more than 40% on Tuesday — falling below the platform's initial public ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snap-warning-weakness-jefferies-190259682.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/snap-warning-weakness-jefferies-190259682.html","article_id":"2238308566","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2238308566","pubTimestamp":1653444032,"sourceInfo":null,"weMediaInfo":null,"summary":"Following a grim profit warning Monday from Snap Inc., investors have another excuse to shed tech sh","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","BK4581":"高盛持仓","GOOGL":"谷歌A","SNAP":"Snap Inc","GOOG":"谷歌","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","BK4516":"特朗普概念","PINS":"Pinterest, Inc.","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4525":"远程办公概念","BK4524":"宅经济概念","BK4508":"社交媒体","TWTR":"Twitter","QNETCN":"纳斯达克中美互联网老虎指数","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4538":"云计算","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4574":"无人驾驶","BK4551":"寇图资本持仓","BK4573":"虚拟现实"},"translate_title":"Jefferies说，SNAP股市暴跌：“这种疲软极不可能是孤立的。”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":1,"SNAP":1,"GOOG":1,"FB":1,"PINS":0.9,"GOOGL":0.65,"QNETCN":0.6},"content_text":"Following a grim profit warning Monday from Snap Inc., investors have another excuse to shed tech shares.Snap stock plunged more than 40% on Tuesday — falling below the platform's initial public offering (IPO) price of $17 — after Snap Inc. CEO Evan Spiegel warned employees that the company will miss its targets for revenue and adjusted earnings in the current quarter.The collapse in Snap shares has signaled to some analysts on Wall Street that softness could be expected from other digital advertising companies.\"It is highly unlikely that the weakness is isolated to SNAP, as we expect macro conditions to impact all digital ad names, including FB, GOOG, TWTR, PubMatic, The Trade Desk, and Integral Ad Science Holding Corp,\" Brent Thill, an equity analyst at Jefferies, wrote in a note to clients.When reporting first-quarter earnings last month, Snap expected revenue growth to be between 20% and 25% and adjusted EBITDA to be between breakeven and $50 million.But the company walked back that guidance in an SEC filing on Monday: \"Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated,\" the filing stated. \"As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range.\"The news hit social media stocks hard, sending Snap's peers tumbling during intraday trading on Tuesday. Shares of Facebook parent Meta , Google parent Alphabet , Twitter, and Pinterest experienced a collective $160 billion wipeout, Bloomberg reported.\"The key question\" for SnapThe market downturn for tech stocks has brought up two key debates, according to an analyst at MKM Partners.The first is whether Snap is facing greater macro headwinds than its peers.\"We listened to a couple of other Internet companies at an investor event, Fiverr (FVRR, Neutral, $34FV) and Bumble (BMBL, Not Rated), and neither seemed to flag incremental macro headwinds since their 1Q earnings reports,\" MKM Managing Partner Rohit Kulkarni wrote.Second is whether Snap is \"facing incremental TikTok and/or Apple ATT app tracking transparency pressures?\" he added. \"This remains TBD in our opinion, and we hope to learn more over the next few weeks.\"UBS analyst Lloyd Walmsley echoed these sentiments in a note: \"The key question, in our minds, is to understand how much of this is merely macro weakness (which the company can ultimately bounce back from) versus the competitive impact from TikTok (further risk to multiple).\"Ultimately, however, Walmsley downplayed the risks for Snap earnings.\"The company emphasized it 'likely' would miss the low end but it doesn't sound like it would miss by a wide margin,\" he wrote. \"Simple math suggests that growth could exit the quarter below 10% [year-over-year] to get to below the low end of previous guidance, given a +30% start to the quarter.\"Walmsley added that UBS still sees \"an attractive risk/reward skew in SNAP shares from here, though we acknowledge it may be some time before the bull case plays out.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9022368930,"gmtCreate":1653478526520,"gmtModify":1676535289077,"author":{"id":"3574635585550746","authorId":"3574635585550746","name":"Skyzero9285","avatar":"https://community-static.tradeup.com/news/ce3deda4c45dd13f062919df2394e86b","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"3574635585550746","authorIdStr":"3574635585550746"},"htmlText":"Too many competitor...Human only got 2 eyes and few hours to play a day...","listText":"Too many competitor...Human only got 2 eyes and few hours to play a day...","text":"Too many competitor...Human only got 2 eyes and few hours to play a day...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022368930","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022317217,"gmtCreate":1653475367939,"gmtModify":1676535288678,"author":{"id":"3574928367638029","authorId":"3574928367638029","name":"kenong62","avatar":"https://static.tigerbbs.com/37fd00bd8cea11b8aa1aed6d9ddd9413","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574928367638029","authorIdStr":"3574928367638029"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022317217","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022945249,"gmtCreate":1653464319882,"gmtModify":1676535287112,"author":{"id":"3573639758582771","authorId":"3573639758582771","name":"pal22","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573639758582771","authorIdStr":"3573639758582771"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022945249","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022963697,"gmtCreate":1653457381019,"gmtModify":1676535286245,"author":{"id":"3577909078114839","authorId":"3577909078114839","name":"BIGpotato","avatar":"https://static.tigerbbs.com/f332f7e2e29356c4e04cb3e3a9eace8a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577909078114839","authorIdStr":"3577909078114839"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022963697","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022982212,"gmtCreate":1653455964036,"gmtModify":1676535286078,"author":{"id":"3584622221107394","authorId":"3584622221107394","name":"reallyyy","avatar":"https://community-static.tradeup.com/news/d744b0b98fe669cfad1581ab709b48bd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584622221107394","authorIdStr":"3584622221107394"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022982212","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022981824,"gmtCreate":1653455505069,"gmtModify":1676535285998,"author":{"id":"4108816210230400","authorId":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400","authorIdStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022981824","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022909547,"gmtCreate":1653449123389,"gmtModify":1676535284773,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582617881962608","authorIdStr":"3582617881962608"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022909547","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022056899,"gmtCreate":1653446047811,"gmtModify":1676535284112,"author":{"id":"3586470645934044","authorId":"3586470645934044","name":"ramius75","avatar":"https://community-static.tradeup.com/news/9bf23146914ff935921288dd903ce4fa","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3586470645934044","authorIdStr":"3586470645934044"},"htmlText":"😓","listText":"😓","text":"😓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022056899","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022059818,"gmtCreate":1653445631434,"gmtModify":1676535284026,"author":{"id":"4110026750523622","authorId":"4110026750523622","name":"Tiger 88","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4110026750523622","authorIdStr":"4110026750523622"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022059818","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9022021882,"gmtCreate":1653444529747,"gmtModify":1676535283857,"author":{"id":"3577534578357163","authorId":"3577534578357163","name":"Mingfa","avatar":"https://static.tigerbbs.com/340b8324f26ec1c3e73989bb35cae23b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577534578357163","authorIdStr":"3577534578357163"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022021882","repostId":2238308566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":231,"commentSize":10,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false}}