StockTwits Top Five Trending Stocks For January 16

Here's a look at the top tickers trending on StockTwits.com:

Best Buy

Thursday morning Best Buy BBY released a statement saying that it has suffered from a drop in total revenue and sales at its U.S. stores during the all important holiday season.

Sales at stores open at least 14 months months declined 0.9 percent in the nine weeks ended January 4. Total revenue fell about 2.6 percent to $11.45 billion during the time period.

During Best Buy's most recent conference call, it warned investors that the holiday season will be a difficult one due to the promotional nature of its competitors.

They weren't lying. Shares are down more than 20 percent in pre-market trading.

“The promotional intensity that began with Black Friday continued throughout the period,” said Chief Executive Officer Hubert Joly.

The company is expecting fourth quarter operating margin to be 175 to 185 basis points lower than the year-ago period.

Nu Skin Enterprises

Wednesday, a story in a Chinese newspaper, the People's Daily, accused Nu Skin NUS of operating a “suspected illegal pyramid scheme” and utilizing sales tactics that are borderline brainwashing. The newspaper also stated that the company is selling 104 products in China, 20 more than the government allows.

This morning investors of the direct sales health and well being company woke up to find out that the Chinese government is going to investigate these claims.

“If the situation proves to be true, the commerce department will deal with it according to the law and regulations,” the Chinese State Administration for Industry and Commerce said in a statement.

Yesterday the company said that the article “contains inaccuracies and exaggerations that are not representative of our business in China.”

The company's statements wasn't enough to re-assure investors as shares plunged 16 percent, the largest one day decline since 2004.

This morning, shares are down more than 18 percent in pre-market trading and have broken below $100 a share.

Goldman Sachs

Goldman Sachs GS released its fourth quarter results this morning. The company reported an EPS of $4.60, beating the consensus estimate by $0.43. Revenue of $8.78 billion, beating the consensus estimate by $1.16 billion.

The company noted an improvement in the quarter, but “economic uncertainty persisted and levels of activity generally remained low.”

Shares were slightly up by 0.43 percent after investors and traders digested the company's results.

Citigroup

Citigroup C also released its fourth quarter results this morning. The company reported an EPS of $0.82, missing the consensus estimate by $0.17. Revenue of $17.9 billion missed the consensus estimate by $850 million.

“We didn't finish the year as strongly as we would have liked, [but] made substantial progress toward our key priorities in 2013,” CEO Michael Corbat said.

Investors appear to be un-happy with the company's results and shares were lower by 2.80 percent.

3x Inverse Natural Gas ETN

The VelocityShares 3x Inv Natural Gas ETN DGAZ is trading lower by more than nine percent this morning.

Natural gas prices are rebounding amid speculation that last week's extreme cold weather led to a record drop in U.S. inventories of the heating fuel.

Futures for February delivery were trading higher by as much as 2.8 percent in electronic trading on the New York Mercantile Exchange.

About 49 percent of U.S. houses use natural gas for heating according to EIA data.