by Ian Harvey
January 14, 2020
Snapchat shares will continue pushing higher in 2020 due to the digital ad market being strong, more product innovation, international growth and content expansion, as well as plenty of growth potential compared to the stock valuation.
“Cut-to-the Chase Members,” doubling-down on a previous call option, are past breakeven; and, in fact are up approximately 17%; and further profits expected this week!
The social media company saw its share price more than tripling from its all-time low on Dec. 21, 2018 – up 190%. The stock was fueled by a strong performance from the company turning around user growth, improving margins, and setting itself up for its first profitable quarter on an adjusted EBITDA basis.
However, the past five months hadn’t been impressive. Snapchat stock actually has declined 13% from its late July highs. The shares fell sharply after the company’s third-quarter report in October, though they’ve since regained those losses plus more since then.
And look to continue to add to the recent gains.
YOU NEED TO BE IN TO PROFIT!
Profiting from the recommended trades on SNAP…..
The original recommendation..... September 18, 2019.....saw profit rise briefly before falling sharply due to a disappointing earnings report on October 24, 2019. At this stage Cut-to-the-Chase members were staring at a loss, but, the stock started to slowly wind its way back upwards.
This led us to the last recommendation...... January 06, 2020…..which was doubling-down, as well as doubling the amount of contracts previously purchased.
Now, members are up 17%, but are looking at increased profits before the expiry date.
Support for this strategy can be found in......Several Positives Factors.....
As mentioned in the latest recommendation analysts have taken a more optimistic view of SNAP’s prospects.
Also, the next earnings report on February 4 is expected to achieve a break-even point for the first time on the basis of earnings before interest, tax, depreciation and amortization, or EBITDA.
Snapchat’s user base has resumed growing and has an enormous opportunity to monetize its users. Particularly overseas, Snap can take a large amount of market share, which will drive revenue growth and margin improvements.
SNAP stock looks like a good digital ad-fueled stock, and in 2020 Snap should have a strong showing, as it is attractively positioned in that market.
Snapchat management continues to innovate at an impressive pace, and this sustained innovation lays the groundwork for sustained user growth over the next several quarters.
Snap’s innovation comes in three parts — product, content, and access.
Join us today and see what future trades will be recommended!
SNAP looks to be a prime candidate to catch-up with the rest of the market after basically being left out of the recent bull rally, where many stocks have been making new all-time highs and growth stocks mostly surging again.
And, this appears to be what is happening now!
The question remains......Is it time for you to consider entering a trade on SNAP?
If so, join us here at Stock Options Made Easy, and get the full details on the trade.
AS ALWAYS THE DECISION IS YOURS!
An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!