Snapchat's into gaming... Shares rose 6% last week after Snap's first "Partner Summit." The highlight: The new "Bitmoji Party" you can play with your avatar-ized buddies. And it's got 5 more multi-player smartphone games hitting the app soon. It's all about user engagement and re-finding Snap's mojo since user-growth stalled.
Not Lyft... (and that's OK). Two IPOs last week showed you don't have to be an app — just be yourself. First, Tradeweb Markets, an electronic trading platform, jumped 33% on its first day of trading (kinda meta). Then Silk Road Medical surged 81% on excitement for its stroke-prevention medical treatments. FYI, Lyft swung down before finishing the week above its IPO price.
What happens in Vegas... doesn't really matter compared to Macau. The government authority in China's gambling mecca announced the highest monthly gaming revenues of the year so far. Count it as a win for US gambling stocks — 69% of Wynn's biz comes from Macau and MGM just dropped a $3.4B resort there.