These Stocks Are Trending On Social Media This Thursday
iSentium is a company that tracks sentiment on Twitter and enables users to sift through Tweets with ease. The application plots sentiment over a price chart and helps to identify changes that may impact pricing trends. Each morning, the firm generates a Pre-Market report for end-users. Benzinga uses the application and is republishing their morning note with iSentium's blessing.
Biogen Idec Inc (NASDAQ: BIIB) reported this morning that its new drug anti-LINGO-1, with potential for treating victims of multiple sclerosis, achieved promising results in its Phase II trials. The treatment, which experts see as critical in the field of optic nerve repair, showed a significant improvement over a placebo for a representative patient population. Sentiment reaction to the news, after an initial burst of negative tweets, was predominantly positive in the pre-market session and produced a bullish iSENSE alert at 8:03AM. BIIB was up almost 2 percent in early hours trading.
Costco Wholesale Corporation (NASDAQ: COST), the most recent retailer to report higher-than- expected sales over the holiday season, announced same-store sales up 5 percent from similar volume metrics for December 2013. The figures exceeded analyst consensus estimates and reflected significant growth even accounting for lower gas prices. The news generated overwhelming positive sentiment and a bullish iSENSE alert at 8:34AM, and COST was up over 1 percent in early hours trading.
Valeant Pharmaceuticals Intl Inc (NYSE: VRX) released a report this morning indicating expected revenue growth in excess of 15 percent for 2015, and raised its earnings and cash flow estimates for the same period. The announcement also included the news that CEO Mike Pearson has extended his contract for 5 years and switched completely to a performance-based compensation. The report produced mixed sentiment this morning that eventually resolved to positive on rising tweet volumes to create a bullish iSENSE alert at 8:29AM. Valeant was up over 3 percent in pre-market trading.
Constellation Brands, Inc. (NYSE: STZ) raised its forecast for earnings and revenues for fiscal year 2015 this morning, citing strong profit margins as well as sales volumes through the end of last year. The earnings estimates beat out analyst estimates for the beverage producer. The news produced higher-than-expected tweet volumes with consistently positive sentiment, contributing to a bullish iSENSE alert at 8:00AM. Constellation was up over 4 percent in pre- market trading.
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