Analyst: Snap Investors Were Sold Snake Oil

Snap Inc (NYSE: SNAP) shares are down another 11 percent Friday morning to just over $12 after the company reported lower-than-expected user growth and revenue and a larger-than-expected earnings loss. While Snap investors have been caught off guard by the company’s growth struggles and its eroding share price, at least one Wall Street analyst has been banging the…

Stay Away From The Real Estate Play In Retail

U.S. retail stocks took another beating on Thursday after the market was unimpressed by the latest numbers from Macy’s Inc M 2.64%and Kohl’s Corporation KSS 1.58% as they continue to struggle to adjust to the intense competition from Amazon.com, Inc. AMZN 0.55% and other online competitors.

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Macy’s, Kohl’s Revenue Continues to Slide

U.S. retail giants Macy’s (NYSE: M) and Kohl’s Corp. (KSS) reported strong second-quarter earnings numbers on Thursday, but the market wasn’t buying it. The two retailers topped Wall Street’s expectations for the quarter, but the stocks plummeted on Thursday as investors see little reason for long-term optimism.

CBS’s Streaming Success Paves the Way for Disney

After years of flirting with the idea, Walt Disney Co. (NYSE: DIS) finally pulled the trigger on launching its own over-the-top streaming video service starting in 2019. Disney certainly isn’t the first media stalwart to make a big bet on streaming. While Netflix (NFLX) subscriber counts always seem to make headlines, CBS Corp. (CBS) has had its own…