The Latest Breaking News from SNAP

Good Morning Everyone! Remember, as bad as things may seem, history is on our side. The average midterm year – like this one – is typically down as of October 5. It finishes, however, up 6% on average.

Upgrades

Increasing number of internet users and the rapid digitization of day-to-day activities are boosting the internet industry’s growth. Hence we think internet stocks Expedia Group (EXPE), trivago (TRVG), Yelp (YELP), and Data Storage Corporation (DTST) might be ideal investments. However, macroeconomic headwinds have been troubling the tech industry, and Snap…

The lawsuit alleges that Snapchat's filters violated Illinois' Biometric Information Privacy Act.

Illinois residents who use Snapchat may be eligible for payouts of between $58 and $117 in a class-action privacy settlement reached this month by the app’s parent company, Snap Inc.

Shares of the camera and social media company Snap Inc. (SNAP) have plunged 73.3% year-to-date due to the broader tech sell-off and the company’s weak operating performance. Given the company’s lower-than-industry profitability, the stock still looks overvalued at the current price level and might lose further. So, it could be…

Reuters Pilot Strike, Delayed Aircraft Delivery Force SAS To Cancel 1,700 Flights

Though inflation has declined slightly from the multi-decade high level, the Federal Reserve’s intention to keep raising interest rates until price increases return to its target level could keep the stock market under pressure in the near term. Therefore, we think it could be wise to avoid fundamentally weak stocks…

U.S. stock futures traded lower this morning on Friday after closing slightly higher in the previous session. Investors, meanwhile, focused on some notable insider trades.