Major Averages Decline Amid Stalled US-Iran Peace Talks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy SNAP?
The major averages were broadly lower amid stalled peace negotiations between the U.S. and Iran as well as new escalation in the Strait of Hormuz. Investors are also balancing continued strength in corporate earnings and AI-driven optimism with rising geopolitical tension and macro uncertainty.The collapse of U.S-Iran peace talks has pushed oil prices higher, raising fresh concerns about inflation and global growth. Of note, Iran's Foreign Ministry spokesperson has said that no meeting between the U.S. and Iran is currently planned.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Verizonprovided areport for Q1Domino's Pizzareportedand announced an additional $1B share repurchase programShellARC Resourcesfor C$32.80 per shareSun PharmaOrganonfor $14 per share in an all-cash transactionChina has blocked Meta's2. WALL STREET CALLS:Snapto Buy at Rothschild & Co RedburnRothschildPinterestto Neutral from BuyMizuhoAdobeon intensifying competition from AIMizuhoCrowdStrike, citing "numerous exciting growth avenues"Campbell'sto Market Perform at Bernstein3. AROUND THE WEB:Samsungplans to withdraw from China's home appliance and television market this year, Nikkei Asia reportsAmazonhas entered a multiyear licensing deal with Oprah Winfrey, NY Times reportsBig tech companies are preparing to spend hundreds of billions of dollars on AI infrastructure, with most of their plans dependent on ASML, WSJ saysSouth Korea and Googlehave agreed to establish an AI campus in Seoul to strengthen collaboration with local engineers and startups, Reuters reportsBayeris hoping the U.S. Supreme Court can reduce or simplify the lawsuits over its Roundup weedkiller and potentially corral litigation that has cost the company over $10B, Bloomberg says4. MOVERS:Veradermicsgains after announcing its Phase 2/3 trial of VDPHL01 met allRE/MAX Holdingsincreases after announcing it will befor $13.80 per shareNokia (NOK) higher in New York after Argusthe stock to Buy from HoldCompass Therapeuticslower afterfrom its COMPANION-002 studyPoet Technologiesfalls after announcing thepurchase orders5. EARNINGS/GUIDANCE:Lakeland Financial, with CEO David Findlay commenting, "We started 2026 with robust, record net income for the second consecutive quarter"HBT Financial, with EPS and revenue beating consensusRepay Holdingsand reaffirmed its guidance for FY26WWreaffirmed itsand FY26 financial guidanceGold RoyaltyINDEXES:Near midday, the Dow was down 0.25%, or 123.57, to 49,107.14, the Nasdaq was down 0.28%, or 68.97, to 24,767.63, and the S&P 500 was down 0.14%, or 9.68, to 7,155.40.
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Analyst Views on SNAP
Wall Street analysts forecast SNAP stock price to rise
28 Analyst Rating
2 Buy
24 Hold
2 Sell
Hold
Current: 5.950
Low
7.00
Averages
9.57
High
13.00
Current: 5.950
Low
7.00
Averages
9.57
High
13.00
About SNAP
Snap Inc. is a technology company. Its flagship product, Snapchat, is a visual messaging application that enhances relationships with friends, family, and the world. Snapchat is the Company's core mobile device application and contains five tabs, complemented by additional tools that function outside the application. Snapchatters can interact with any or all the five tabs. Additionally, it offers Snapchat+, its subscription product that provides subscribers access to exclusive, experimental, and pre-release features. Snapchat+ offers a range of features, from allowing Snapchatters to customize the look and feel of their application, to giving special insights into their friendships. The Company also offers Snapchat for Web, a browser-based product that brings Snapchats calling and messaging capabilities to the Web. Its advertising products include AR Ads and Snap Ads. Snap Ads include Single Image or Video Ads, Story Ads, Collection Ads, Dynamic Ads, Commercials, and Sponsored Snaps.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Revenue Growth Rate Plummets: The lawsuit claims that Snap's advertising revenue growth rate declined sharply from 9% in Q1 to just 1% in April, indicating a significant execution failure that could severely impact the company's financial health.
- Shareholder Rights Protection: Kuehn Law urges shareholders who purchased SNAP before April 29, 2025, to contact them promptly to enforce their rights within a limited timeframe, highlighting the importance of shareholder participation in maintaining market integrity.
- No Legal Fees: Kuehn Law states that all case costs will be covered by the firm, with no charges to investors, aiming to reduce the financial burden on shareholders and enhance accessibility to legal action.
See More
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- EU Probe Initiated: On March 26, 2026, the European Union launched an investigation into Snap's Snapchat platform, focusing on child safety, inadequate age verification, and the promotion of illegal products, which could expose the company to legal risks.
- Significant Stock Drop: Following the news of the investigation, Snap's stock price fell by $0.48, a decline of 10.69%, closing at $4.01 per share, reflecting market concerns about the company's future outlook.
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- Ondas Evaluation: Cramer points out that Ondas is a company with significant losses focused on intelligent or autonomous systems, but he sees a lack of distinctiveness, indicating his preference for innovation in investment choices.
- Halliburton's Investment Potential: Cramer praises Halliburton for its strong performance even in a bad oil market, asserting that it has been a great stock in favorable conditions, highlighting its resilience and investment value in the energy sector.
- Nokia's Technological Edge: Cramer expresses optimism about Nokia, noting its strong technological capabilities, and despite past volatility, its comeback suggests market recognition of its technology, hinting at potential future growth.
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- Advertising Growth: Analysts noted strong demand for Snap's core advertising business and growing subscription revenue, alongside effective cost management efforts, indicating a positive trajectory for future profitability.
- Optimistic Profit Expectations: The expectation for Snap to achieve GAAP profitability within the year, combined with the new price target, suggests significant upside potential for the stock, signaling a bullish outlook on the company's long-term profitability strategy.
- Market Volatility Analysis: Snap's shares have experienced 26 moves greater than 5% over the past year, and while today's increase is seen as meaningful, it does not fundamentally alter the market's perception of the business.
See More
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- Geopolitical Tensions: Stalled peace negotiations between the U.S. and Iran have led to rising oil prices, raising fresh concerns about inflation and global economic growth, as investors balance strong corporate earnings against geopolitical uncertainties.
- Earnings Performance: Verizon (VZ) reported a better-than-expected Q1, while Domino's Pizza (DPZ) posted disappointing results and announced an additional $1 billion share repurchase program, highlighting the varied market reactions to different companies.
- Acquisition Activity: Shell (SHEL) agreed to acquire ARC Resources (AETUF) for C$32.80 per share, while China blocked Meta's (META) acquisition of AI startup Manus, reflecting the complexities of the global M&A landscape.
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See More
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