Skip to content
(Bloomberg) -- Snap Inc. drew a chorus of bullish commentary Monday as Wall Street raved about prospects for the company, indicating that potential user and revenue growth appear promising.Shares in the Venice, California-based social media platform rose 7.8%, the most since July. The move follows LightShed Partners initiating the stock with a buy rating and $20 price target, highlighting that the firm’s “conviction in Snapchat’s recovery has grown meaningfully over the course of 2019,” according to a note to clients.LightShed’s Richard Greenfield said the real opportunity for Snapchat is overseas, especially in areas like India.“There is tremendous opportunity regardless of the overall economic environment that we’re in,” Greenfield said in an interview. “It’s still early days for Snapchat.”Credit Suisse also joined the list of bulls rallying behind the stock, boosting its price target by $1 to $21 per share as Snap “has come full circle.” Analyst Stephen Ju says the company...
Nuclear fusion, the holy grail of energy, finally looks like it might become a reality as two projects aim to do what many observers had long since deemed impossible...
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22. Some Trump administration officials opposed a renewal of the license, believing oil production helps keep socialist President Nicolas Maduro in power by allowing him to pay down debts. Chevron has been in Venezuela for nearly 100 years and has about 8,000 employees, contractors and direct suppliers involved in its ventures there....
To make the most of your 401(k), learn about the bad parts....
SAN JOSE, Calif. (AP) _ Cadence Design Systems Inc. (CDNS) on Monday reported third-quarter profit of $101.5 million. On a per-share basis, the San Jose, California-based company said it had net income of 36 cents. The results exceeded Wall Street expectations....
Bank of America Merrill Lynch issued a bearish note on Boeing, as the jet maker continues to dodge criticism over its handling of the 737 MAX controversy. Yahoo Finance's Jennifer Rogers, Brian Cheung, and Editor-in-Chief Andy Serwer discuss the latest....
Developers are refocusing their strategy toward low-cost apartment construction....
