Market Overview

Social Media Outlook for Friday June 22 (DRI, NPSP, R, GS)

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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, June 22.

Most Bullish

Darden Restaurants (NYSE: DRI) reported earnings on Friday. The company beat analyst expectations for earnings, but missed on revenue. The company stated that sales growth is slow at Olive Garden, Red Lobster, and LongHorn Steakhouse.

NPS Pharmaceuticals (NASDAQ: NPSP) shares increased after the company received a positive opinion from CHMP on its drug teduglutide. NPS traded up over 10% on Friday morning.

Most Bearish

Ryder System (NYSE: R) shares traded down over 12% after it cut second quarter and full year guidance.

Goldman Sachs (NYSE: GS) shares edged slightly higher on Friday. Thursday evening, ratings agency Moody's downgraded Goldman's credit rating by two notches.

Most Discussed

Apple (NASDAQ: AAPL) is frequently discussed on social media. Shares are currently trading near $577.

Goldman Sachs (NYSE: GS)

Arena Pharmaceuticals (NASDAQ: ARNA) traded down over 18% early on Friday after hitting a new 52-week high on Thursday. The FDA will make a decision on the company's weight loss drug next week.

Facebook (NASDAQ: FB) was given a Buy rating from Nomura on Thursday. Facebook shares traded up about 3% on Friday.

Morgan Stanley (NYSE: MS) traded up about 1% higher on Friday. On Thursday, Moody's downgraded the bank's credit rating by two notches--one notch less than many market participants were expecting.

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

Posted-In: Social Market AnalyticsEarnings News Guidance Downgrades Initiation FDA Global Economics Intraday Update Markets Analyst Ratings Movers Tech Trading Ideas Best of Benzinga

 

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