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 battling inflation for years, now U.S. consumers have to prepare for stagflation, and, unfortunately, it could be more complicated to fix than a typical
Elf Labs CEO, David Phillips, speaks to Cheddar about how the company came to be and how it is bringing forth fairytale characters in new and exciting ways.
Don’t panic just yet, but it's starting to look like the economy is slowing down… AKA heading into what one analyst calls a ‘mild form of a recession.’
