Market Overview

Social Media Outlook for Friday August 24 (QEP, MSG, ADSK, CRM)

CORRECTION: QEP Resources purchased assets, the piece previously said it had sold them.

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 social media outlook for Friday, August 24.

Most Bullish

QEP Resources (NYSE: QEP) traded up about 2% on Friday following its announcement that it had acquired some assets.

Madison Square Garden Company (NASDAQ: MSG) shares moved sharply higher -- up nearly 8% -- after reporting earnings.

Most Bearish

Autodesk (NASDAQ: ADSK) dropped over 20% after the company reported poor earnings and trimmed guidance.

Salesforce.com (NASDAQ: CRM) reported earnings on Thursday that beat expectations. However, the company lowered its guidance for the third-quarter. As it was trading at such a high PE, shares dropped on the guidance miss.

Most Discussed

Apple (NASDAQ: AAPL) is frequently discussed on social media, and recently became the most valuable company by market cap in history.

Salesforce.com (NASDAQ: CRM)

Baidu (NASDAQ: BIDU) shares tumbled after the company was downgraded at Deutsche Bank.

Hewlett-Packard (NYSE: HPQ) traded down sharply on Thursday, after the company reported disappointing earnings Wednesday afternoon.

Google (NASDAQ: GOOG) is a popular stock to discuss on social media. Shares traded near $675 on Friday.

Interested in getting more information about stock trends on social media? Sign up for the Social Market Analytics newsletter on the SMA website.

Posted-In: News Intraday Update Movers Trading Ideas

 

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