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3 Stocks (And 4 Trades) Blowing Up On Twitter

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3 Stocks And 4 Trades Blowing Up On Twitter
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Social media is becoming increasingly important in the investment arena, as its impact on the wisdom of the crowd continues to grow.

Market Prophit compiles and analyzes the social media commentary that's related to investing, and develops statistics that can tell users both crowd and expert sentiment. According to Market Prophit's Igor Gonta, a few of the stocks buzzing in the past few trading days include:

  • Twitter Inc (NYSE: TWTR)
  • Allergan, Inc. (NYSE: AGN)
  • Actavis plc (NYSE: ACT)

Gonta told Benzinga that, even with Twitter’s bond downgrade last week, "Market Prophits [are] bullish on the stock.” The company gives this designation to social media's most skilled traders, he said.

Allergan and Actavis, meanwhile, were subject to much discussion, as the former announced it had accepted a $66 billion takeover bid from Actavis.

While the sale put an end to hostile offers from both activist investor Bill Ackman (of Pershing Square) and Valeant Pharmaceuticals Intl Inc, the crowd still appears to be bearish on Allergan and Actavis, Gonta said. Social media's higher-tier users, though, remain bullish.

Top Performing Users

Market Prophit also analyzes users' performance to identify the top calls based on the “returns” of stocks they've recently tweeted about. Gonta shared four of the best calls:

UBS AG (NYSE: UBS):

China Hgs Real Estate Inc (NASDAQ: HGSH):

Cliffs Natural Resources Inc (NYSE: CLF):

Market Vectors-Coal ETF (NYSEARCA: KOL):

Posted-In: Igor Gonta Market Prophit social media curation Twitter recapLong Ideas Crowdsourcing Trading Ideas General Best of Benzinga

 

Related Articles (AGN + ACT)

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