Fourth time is a charm for Snap. Shares soared over 45% after finally delivering an earnings report that impressed Wall Street. Daniel Ives, Chief Strategy Officer at GBH Insights, joined to discuss the report, as well as earnings results from Chipotle and Disney.
Snap shocked Wall Street after posting revenue of $285.7 million. Ives said it's the first step in the right direction toward a turnaround story. If Snap can get its act together, he can see it being a low-to-mid $20 stock. Ives said one quarter doesn't make a trend and that it's a huge "prove me" period for Spiegel and company to show that the turnaround is for real.
Disney announced it will price ESPN Plus, the company's first direct-to-consumer streaming service, at $4.99 per month. He said the new service, along with the deal for 21st Century Fox, will make the company a legitimate streaming player.
Chipotle continues to struggle to win back customers after the food-borne illness outbreaks. If Chipotle's stock falls another 15%-25%, Ives said it would be an attractive takeover target.
After years of price increases for cars and trucks in the United States, costs are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle.
Missed out on the Nvidia wave? Oh course you did — you’re reading this article aren’t you, instead of luxuriating on a white-sand beaches of Bali. But here are at least four other promising semiconductor stocks to add to your portfolio.
Fresh off a successful funding round, co-founder of Lapse Dan Silvertown shares thoughts on regulation, privacy, and why the money for great startups is still out there.
Wendy's announced they are testing out fluctuating prices throughout the day for certain products based on demand. Who will groan the most: lunch-breakers, dinner drivers or late-night goblins?
Shubha Dasgupta, CEO of Pineapple Financial, discusses incorporating artificial intelligence with its newly announced ‘Maui’ tool, plus plans for expansion.
Chair of Penn Engineering’s Department of Computer and Information Science Zachary Ives shares how the department is building its artificial intelligence degree program.
