Market Overview

Social Media Outlook for Tuesday, July 31 (TIVO, HLF, HUM)

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 Tuesday, July 31.

Most Bullish

TiVo Inc. (NASDAQ: TIVO) shares traded up about 1 percent on Tuesday. A Spanish cable operator called ONO announced that they are relying on TiVo for more revenues in the coming quarters.

Herbalife (NYSE: HLF) traded up about 6 percent on Tuesday. The company reported earnings which saw profits climb by 20 percent and it also authorized a $1 billion repurchase program.

Most Bearish

Dendreon Corp. (NASDAQ: DNDN) shares were down about 21 percent on Tuesday after the company reported earnings that missed analyst estimates and announced that it would cut 600 jobs.

Humana (NYSE: HUM) traded down about 10 percent on Tuesday. Humana missed analyst estimates in its second quarter and cut its forecast for the full year of 2012 due to higher Medicare costs.

Most Discussed

Apple (NASDAQ: AAPL) traded up about 2 percent early on Tuesday. It is rumored that the company will introduce the iPhone 5 on September 12.

Facebook (NASDAQ: FB) shares were down about 3 percent on Tuesday after the company was upgraded from an Underperform rating to a Market Perform rating by Sanford Bernstein.

OCZ Technology Group (NASDAQ: OCZ) shares were down about 10 percent on Tuesday after it was announced that Seagate Technology (NASDAQ: STX) was looking to acquire the company on Monday.

Seagate Technology (NASDAQ: STX) traded down about 5 percent on Tuesday after the company announced that it was looking to acquire OXZ Technology Group (NASDAQ: OCZ).

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: Earnings Long Ideas News Guidance Short Ideas Movers & Shakers Buybacks M&A Best of Benzinga

 

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