Here Are 3 Stocks (And 2 Users) To Watch On Twitter
Social media is becoming crucial to the financial toolbox, and a good trader should know how to use all of the tools at his or her disposal to help guide investments in the right direction.
Market Prophit compiles and analyzes the social media commentary that's related to investing, and develops statistics that tell users both the crowd and the expert (or Market Prophit) sentiment.
Benzinga spoke with Igor Gonta, the company’s CEO, who provided an updated summary of recently trending stocks.
Similarly to Wall Street research firms, both the general crowd and the Market Prophits are bullish on Apple Inc. (NASDAQ: AAPL), which is up almost 5 percent in the last five days of trading.
Also confident on the tech behemoth is research firm Credit Suisse, which upgraded shares of Apple on Tuesday, January 13, from Neutral to Outperform, and raised its price target to $130 from a previous $110.
Gonta also gave away one extra tip in relation to Apple: The guy to follow. According to Market Prophit’s statistics, @Moneymaker1905 was the Top "Market Prophit" in Apple last week.
Facebook Inc (NASDAQ: FB) is also quite popular. In this case, however, the crowd and experts seem to disagree.
“Our crowd signal is bullish while our Market Prophit signal is bearish on FB, and the spread is pretty large,” Gonta explained.
Finally, JPMorgan Chase & Co. (NYSE: JPM) was also trending, and the sentiment was very similar to Facebook’s case: “Our crowd signal is bullish while our Market Prophit signal is bearish on JPM going into earnings tomorrow.”
As a bonus, Gonta gave away one more little secret: @paulwoll.
This investor/trader is the guy to follow. He was one of the overall top Market Prophits in 2014.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.