Markets closed higher across the board Thursday, with the Dow rocketing nearly 200 points as oil remained in focus, and strong earnings continued to propel markets higher.
Snapchat parent Snap (SNAP) wasn't having such a great day, however. The company's stock fell yet again Thursday as investors continued to question its ability to be profitable -- not to mention CEO Evan Spiegel's pay package. Ever since it filed to go public in February 2017, Snap has been dogged by questions about just how profitable it will be in the long run. And since then, the company's posting of (with one exception) a string of disappointing earnings reports hasn't done much to help matters. That may change soon, however, as the company recently appointed Tim Stone, a 20-year Amazon.com (AMZN) vet and currently the e-commerce/cloud giant's VP of finance, its CFO effective May 15. Can Stone change this narrative? His pedigree provides a reason to be cautiously optimistic, writes TheStreet's Eric Jhonsa.
Delivery or pick-up? Most are opting for delivery these days and the move is paying dividends for GrubHub (GRUB) , the parent of GrubHub and Seamless food ordering apps. The stock is up about 45% year-to-date and more than 125% over the past year. After reporting another strong quarter last week the company continues to gain. But can the stock keep going up? Real Money's technical analyst Bruce Kamich takes a look, pointing to two key price thresholds to watch for buying opportunities.
Meanwhile, Wells Fargo (WFC) , the beleaguered bank, held its investor day Thursday where CEO Tim Sloan said that Wells Fargo now wants to be "THE financial services leader" -- his emphasis -- in customer service and advice. The San-Francisco bank has paid about $2 billion in fines and extra legal costs to resolve allegations that it used overly aggressive sales practices over the past decade, including opening millions of accounts without customers' knowledge and charging auto borrowers for insurance they didn't need.
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Photo of the day: A symbol of status on wheels
The Aston Martin is a symbol of status, power and wealth, driven by many of the rich and famous and made a commercial sensation during the early years of the James Bond franchise. Today the British carmaker is looking to get into the electric vehicle game, specifically the electric SUV game. The company announced plans today for a zero-emissions SUV under the Lagonda moniker. The company is still planning to stay high-end, of course, so customers need not fear losing the aura of the Sean Connery Bond years that brought the DB5 (pictured above in 1964's "Goldfinger") and other Aston Martin models to prominence as an iconic sports cars. Read More
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