Market Overview

Social Media Outlook for Wednesday June 27 (MKC, LEN, ORLY, BA)

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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 Wednesday, June 27.

Most Bullish

McCormick (NYSE: MKC) reported strong earnings early on Wednesday and reiterated guidance for 2012. McCormick's second quarter earnings were $80.4 million, compared to $73.6 million in the same quarter in 2011. McCormick traded up over 2% on Wednesday.

Lennar (NYSE: LEN) traded up about 7% on Wednesday. The company reported second quarter profits that beat expectations on an improving house market.

Most Bearish

O'Reilly Automotive (NASDAQ: ORLY) shares declined after the company cut guidance for the second quarter of 2012.

Boeing (NYSE: BA) traded up about 1% on Wednesday. Durable Goods Orders came in better than anticipated, perhaps indicating that airplane sales were doing well.

Most Discussed

Apple (NASDAQ: AAPL) is frequently discussed on social media. Sales of Samsung's iPad competitor, the Galaxy tab, were halted by a judge in the U.S. on patent concerns.

Facebook (NASDAQ: FB) traded down about 3.5% early on Wednesday. On Wednesday, the banks that were involved in Facebook's IPO issued their research reports on the company.

Arena Pharmaceuticals (NASDAQ: ARNA) traded down slightly on Wednesday. The FDA is expected to make a decision on Arena's drug Lorcaserin.

Google (NASDAQ: GOOG) is having its I/O Developers Conference today. It is rumored that the company will unveil a tablet.

Amazon (NASDAQ: AMZN) shares rallied on Tuesday. Google (NASDAQ: GOOG) may reveal a tablet on Wednesday that could be a rival to Amazon's Kindle Fire.

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

Posted-In: Earnings Long Ideas News Guidance Short Ideas Econ #s Economics Intraday Update Best of Benzinga

 

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