Diamonds and Dogs
Upgrades are a snap for SNAP (SNAP). The Internet social media stock did not performed well the first three weeks following its IPO. But the stock is performing better of late up 3% today and up 20% in the last week and a half. Twelve analysts initiated ratings or changed their ratings on SNAP today with at least four upgrades with price targets as high as $28 a share.
Netgear (NTGR) is down shifting. The networking solutions company is down 3.5% following earnings. The company actually beat earnings estimates, but then provided downside guidance for the first quarter. Revenue rose 1.9% to $367.9 million. The company remains optimistic about its future. The company has been aggressively buying back its stock, unfortunately at higher levels. Let's hope the stock turns around.