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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.

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