Morning Social Media Outlook for Tuesday Feb 21 (CHG, SKS, GTXI, CTRP)
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 Tuesday, February 21.
Sentiment has been most bullish this morning on an energy company and a department store.
CH Energy (NYSE: CHG) is currently trading up over 11% on the session. The company agreed to a buyout offer of $65 per share from Fortis.
Saks (NYSE: SKS) reported earnings this morning and beat estimates. Shares are currently trading up roughly 4%.
Two smaller companies have seen notable bearish chatter.
GTx (NASDAQ: GTXI) is trading down sharply today, over 33% on the session. The company announced that clinic trials of its Capesaris were put on hold by the FDA.
Ctrip (NASDAQ: CTRP) is trading down nearly 8%. The company reported earnings on Monday night and beat expectations. Yet, several analysts cut the company's rating this morning—perhaps fueling the move lower.
Apple (NASDAQ: AAPL) is always a popular stock on social media. Currently, shares are trading just north of $500 per share. Investors may be anticipating some announcements from the company next month, including an iPad 3 and a TV model.
Wal-Mart Stores (NYSE: WMT) reported earnings today, so its appearance on this list makes sense. Unfortunately for investors Wal-Mart missed earnings and shares are currently trading down 3.75% at the time of writing.
Google (NASDAQ: GOOG)—like Apple—is frequently discussed on social media. That chatter may have been amplified on Tuesday by talk of Google TV. Currently, Google is trading up just over 1%.
The Home Depot (NYSE: HD), like Wal-Mart, reported earnings today. The company beat expectations by a fair amount, and is currently trading up over 1.5% on the session.
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