Snap’s Q2 Earnings: a Lesson for Millennials

Snap’s Q2 Earnings (NYSE:SNAP) is trading at all-time lows following the company’s second quarter earnings report. When Snap went public, The Stock Trader Blog issued a sell rating on the stock in an article on Snap’s financial position. So far, our bearish opinion on Snap stock has returned 53.48%. Here’s our updated analysis of why Snap stock is purely speculative, and the lessons millennials should take away from buying into the company.

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J.C. Penney Earnings Amid Q2 Weakness in Retail

Retail companies like Kohl’s and Macy’s are down double-digit percentages following their earnings reports. J.C. Penney earnings (NYSE:JCP) will be released tomorrow morning before the opening bell. The question J.C. Penney investors are asking themselves is if the company will follow in the footsteps of its competitors. It appears the market is preparing for a dismal J.C. Penney earnings report given the bearish price action in JCP stock today. Click to see analyst expectations, our analysis, and updates once the company releases earnings.

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Martin Shkreli Securities Fraud Conviction by Jury in NY

Martin Shkreli, the 34 year-old who gained notoriety for raising the price of a potentially life-saving drug by 5,000 percent, was found guilty of securities fraud today, Friday, August 4, 2017. Interestingly, the three charges relate to defrauding investors in two hedge funds and in Retrophin Inc. (NASDAQ:RTRX), a pharmaceutical company he co-founded. Click to read more of this story.

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Wells Fargo Lawsuit Analysis: Unauthorized Auto Insurance Charges

A new class action lawsuit alleges Wells Fargo of racketeering and fraud. This follows the bank’s admittance of charging several hundred thousand borrowers for auto insurance they did not ask for or need. This lawsuit, led by Paul Hancock (34 year-old marketing consultant in Indianapolis), seeks much higher reparations than full refunds for customers. Under federal racketeering laws, the monetary damage amounts could triple. Click to read more.

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Returns or Reforms? Taking Stock Of Pakistan’s MSCI Upgrade

MSCI, the world’s leading financial index developer, recently upgraded Pakistan to emerging market status in response to strengthening business conditions and financial market infrastructure. After an initial cheer, the Karachi Stock Exchange 100 index exhibited record investor outflows. What gives? Click to read this article for additional analysis.

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SEC Files Fraud Charges Against Renwick Haddow of Bitcoin Store Inc.

The SEC has filed fraud charges against Renwick Haddow, the founder of Bitcoin Store Inc. and Bar Works Inc. This article analyzes how Mr. Haddow allegedly fabricated information about these two companies to prospective investors and then seemingly misappropriated a portion of the funds to offshore, private bank accounts. Click to read the full press release.

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Bernstein Analyst Expects Trouble Ahead for Tesla Stock (TSLA)

As CNBC reports, Bernstein is forecasting problems for Tesla as it looks to ramp up production of its Model 3 unit. Bernstein analyst, Toni Sacconaghi, maintains a $250/share target and reiterated a market perform rating on Tesla stock– citing profitability concerns regarding sales of the Model 3. Click to learn more.

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Twitter Stock News: Director Sells 452,500 Shares (TWTR)

Evan Williams, former CEO and a Director of Twitter Inc. (TWTR), sold 452,500 shares in a 2-day period between June 28th & 29th, 2017. According to the Form 4 Filing, these transactions were in accordance with Williams’ 10b5-1 trading plan. Williams wrote a blog post back in April explaining his decision to sell a portion of his TWTR stake. Here’s why Twitter shareholders should still pay attention to these insider sales.

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Grocery Wars: Amazon’s Acquisition of Whole Foods

Whole Foods Market and Amazon announced a definitive agreement today (signed yesterday) in which Amazon will acquire Whole Foods for $42 per share. Here’s why competitors like Walmart, Kroger, and Sprouts Farmers Markets shouldn’t be too concerned with Amazon’s acquisition of Whole Foods Market.

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