SNAP, META: Where Do Social Media Stocks Stand In Earnings Season?

Advertisers are de-prioritizing Snap Inc. (SNAP), notes Jason Helfstein. He discusses social media stocks Meta Platforms (META) and SNAP. Both stocks report earnings on Tuesday, postmarket. META’s adjusted EPS is estimated at $3.57 and revenue at $33.43B and SNAP’s adjusted EPS is estimated at -$0.04 and revenue is estimated at $1.11B. Oppenheimer remains skeptical of SNAP’s ability to re-accelerate revenue in a material way. Tom White then demonstrates example trades using these stocks. He is bullish on META and neutral on SNAP. Tune in to find out more about the stock market today.