Social Media Outlook for Monday August 6 (CTSH, BBY, T, RIMM)

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 Monday, August 6.

Most Bullish

Cognizant Technology Solutions Corporation CTSH shares traded up about 11% on Monday after the company reported second-quarter earnings that beat analyst estimates. The company also raised its outlook for its full year earnings per share.

Best Buy Co. BBY traded up about 19% early on Monday after Richard Schulze, the founder of the company, made an offer to buy the company for a total of $8.8 billion.

Most Bearish

AT&T T traded up about 1% on Monday. The company is still negotiating with the Communications Workers of America over a core wireless contract in the Southeast region that expired.

Research in Motion RIMM shares traded up about 1.5% on Monday. Last week, the company introduced a new tablet called the BlackBerry Playbook.

Most Discussed

Knight Capital Group KCG traded down about 25% on Monday. The company announced that it would receive $400 million in financing after it lost $440 million from a trading glitch.

Apple AAPL shares were up slightly on Monday after it was rumored that the company was in talks to acquire The Fancy, a social media website that rivals Pinterest.

Best Buy Co. BBY

Facebook FB shares traded up about 3.5% on Monday after the company hit all-time lows last week.

Google GOOG if often on this list. Authors are suing Google over copyright violations, and are asking for $750 for each book it copied.

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