It's not Friday just yet.
Pre-Market Adrenaline Shot
We confidently hopped on-camera and stated that a tweet from social media queen Kylie Jenner hating on the new Snapchat app redesign would sink Snap Inc.'s (SNAP) stock. Alas, that's what happened: Snap shares cratered to the tune of 6% on Thursday's session. Hey, don't underestimate the power of a person with 22.4 million Twitter followers to move a market in an already shaky stock.
Question to Kylie: were you short Snap?
TheStreet's Anders Keitz discussed the latest comments from General Electric's (GE) Chief Financial Officer Jamie Miller at two investor conferences Wednesday. For now, it looks like Miller's profit guidance reaffirmation may have set a floor in GE's embattled stock. But hey, many on Wall Street thought that was the case six months ago.
As you know, GE is a holding in Action Alerts Plus.
TheStreet's new tech reporter Francesca Fontana joined Jolt to chat about her Facebook (FB) story. Fontana crunched the numbers on the Action Alerts Plus holding, and found it odd that Facebook's stock has become one of the worst-performing members of the notorious FAANG (Facebook, Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) , and Google (GOOGL) ) sector. Zuckerberg's battles with who Facebook is nowadays hasn't helped investor sentiment.
TheStreet's founder Jim Cramer is talking FAANG stocks this evening, too.
Keep this in mind stock market bulls: markets tend to not do too well with 10-year yields above 3%, says Bank of America Merrill Lynch.
Closing Bell Craziness
At this point in the day, the morning felt like it was 45 hours ago. But, we brought the heat.
A couple hot topics for us. First, Qualcomm (QCOM) saying it's open to a dialogue with aggressive suitor and Action Alerts Plus holding Broadcom (AVGO) . If you are trading this saga, now is probably the time to go long Qualcomm on the hopes Broadcom comes back with a better offer.
Secondarily, we highlighted TheStreet's Ron Orol's coverage of P&G's (PG) CEO presentation at a consumer conference today. Despite activist investor Nelson Peltz readying to join the P&G board after a brutal proxy battle, P&G CEO David Taylor hyped up some new lotion. He didn't acknowledge Peltz in the presentation.
Have some hot tips? Get at me on Twitter @BrianSozzi
Receive the free Jolt newsletter here.