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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.