Why Snap Stock Topped the Market Today

Investors generally liked what they heard about Snap's (NYSE: SNAP) "partner summit" that took place on Tuesday, as the company's news inspired a nearly 3% increase in its stock price the day after. That performance was strong enough to beat the benchmark S&P 500, which landed in negative territory by closing 0.3% lower.Additionally, several analysts took the opportunity to issue fresh research notes on Snap. One of these pundits, Deutsche Bank's Benjamin Black, also provided something of a digest of the event.Black pointed out that Snap announced several app feature updates. Among these are Simple Snapchat, which as the name implies is an attempt at faster and -- hopefully -- more meaningful engagement with the social media company's core offering. The analyst also said that the company is making efforts to unify the recommendation models behind the Stories and Spotlight features. Ideally, this will increase views and monetization opportunities for them.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool