Snapchat’s Success Is Already a Lie

4 | By Shah Gilani

According to some Wall Street bigwigs, there are plenty of reasons to own Snap Inc. (NYSE:SNAP), the creator of Snapchat, which went public yesterday….

Those bigwigs, by the way, aren’t analysts, but the underwriters of Snap’s IPO…

Morgan Stanley and Goldman Sachs just pocketed a cool $20 million each (and counting) to debut the company.

Good cheerleading on their part, and the rest of Snap’s underwriters (J.P. Morgan, Deutsche Bank, Barclays, Credit Suisse, and Allen & Co.) will drive up Snap’s price. This will allow them to exercise a “greenshoe” option to sell an additional 30 million shares – for more fees, of course.

None of these Wall Street heavyweights have initiated analysts’ coverage of Snap, and probably won’t for a while. Or, to be perfectly honest with you, ever.

If the reasons to own Snap come from underwriting cheerleaders, who aren’t going to let their analysts cover it, you need to know the real score… and the reasons underwriter’s analysts won’t ever cover Snap.

Here’s who is lying to you about Snap and why…

The One Retail Stock That Shah Would Still Buy Today

1 | By Wall Street Insights and Indictments Staff

Much to Stuart Varney’s surprise, Shah Gilani is highly recommending one retail stock… even though we are in a supposed “retail ice age”.

On this latest appearance at Varney & Co., Shah shares the one retail position that he believes is a buy now. Not everyone on the panel agreed that retail was a smart sector to get into now, but Shah stuck to his guns and defended this play as an excellent short-term trade with plenty of movement.

Also covered is the record-breaking 21,000 on the Dow, and what direction we can expect the markets to move in the coming months. Click now to watch

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