In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis.
Provided by Social Market Analytics, here is the morning social media outlook for Monday, March 19.
Most Bullish
United Parcel Service UPS is trading up about 2% on the current session after the company announced that it would acquire TNT Express for about $6.8 billion.
Apple AAPL is trading slightly higher after the company announced that it was going to begin paying a dividend and buyback up to $10 billion worth of shares. The company's new iPad also debuted last Friday and has been on sale all weekend.
Most Bearish
General Electric GE has traded slightly higher over the past few sessions and has no major company news. Last week, one of the company's ex-managers was sentenced to life without parole, which may have been floating around social media.
JP Morgan Chase JPM has been a popular financial stock to discuss. Last week, the company increased its dividend and upped its buyback after it passed the Federal Reserve's stress test. Jamie Dimon--the CEO--also commented on the resignation of Goldman Sachs' Greg Smith, urging his employees not to take advantage of Goldman's misfortune.
Most Discussed
Apple AAPL
Bank of America BAC is trading just over $10 per share--up significantly from December when it was briefly trading below $5. The company passed the Fed's stress test, but did not ask for a dividend or a buyback.
Goldman Sachs GS was mentioned in the Fed's stress test earlier in the week, but chatter on the company may have been driven more-so by an op-ed in the New York Times from a former Goldman executive who blasted the company's corporate culture.
Google GOOG is a popular stock to discuss on social media and frequently appears in this list. Shares of the company are currently trading around $630.
Citigroup C's price target was raised at Morgan Stanley, while the bank sold its stake in Shanghai Pudong Development Bank for $668M.
Interested in getting more information about stock trends on social media? Signup for the Social Market Analytics newsletter on their website.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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