SNAP (Snapchat) became profitable in the last quarter and it had plenty of positive news.
On the Earnings Day report SNAP has seen 13.40 USD during after market however after that the price came lower in an unexpected way.
SNAP hasn't seen any 2 consecutive green daily candles since the Earnings Report.
Here is the good and bad news about SNAP:
Good News:
1) SNAP is likely to beat the upcoming earnings report expectations and become more profitable.
2) Price extremely low standing below 9 USD.
3) Due to China Tariffs, TikTok likely will not be sold to the US. Future Ad revenue from TikTok is likely to flow into SNAP and META.
4) SNAP has growing user base.
5) The company does not have political stance (Spiegel was not at Trump inauguration) It is unknown if Trump cares about the markets and the stocks/companies he talks about got negatively affected recently.
Bad News:
1) Executives are still selling the stock.
2) The company does not have any political stance. (Spiegel was not at Trump inauguration) Might keep going down because pro republican companies seem like they will be going up sooner.
3) The price is not going up despite being too low. It's almost as if SNAP got decoupled from the market and heading down on its own.
Any thoughts on SNAP? Will the price go back to ATHs at 80 USD any time soon? What are your thoughts?