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Weekly Wrap: Snap's IPO Takes Off

We see the Snapchat parent as overvalued today. Plus, difficulties pinning down defense spending, and delivers.

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Scott Halver: Snap, Inc. goes public; defense spending on the rise; and continues to deliver. This time on the Morningstar Weekly Wrap.

Shares of Snapchat-maker Snap, Inc. began trading on Thursday. Analyst Ali Mogharabi shares our take on the stock.

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Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.