3 Stocks Trending On Social Media
iSentium is a company that tracks sentiment on Twitter and enables users to sift through Tweets with ease. The application plots sentiment over a price chart and helps to identify changes that may impact pricing trends. Each morning, the firm generates a Pre-Market report for end-users. Benzinga uses the application and is republishing their morning note with iSentium's blessing.
WFC (Wells Fargo & Company) - Wells Fargo & Company reported its fourth-quarter performance this morning, with both earnings and revenues largely in line with consensus estimates. The bank’s net income grew 3.5 percent from similar metrics one year earlier, from a larger overall loan book despite slightly weaker profit margins. The earnings report produced significant positive sentiment this morning and generated a bullish iSENSE alert at 8:12AM. WFC was down 1.5 percent in pre-market trading, and down slightly from the time of the alert.
CMG (Chipotle Mexican Grill, Inc.) - Chipotle Mexican Grill announced this morning it had stopped serving pork at roughly one third of its retail locations due to animal rights violations at a major supplier. The specialty restaurant chain, known for the high animal welfare standards for its meat toppings, encountered the issue in a routine audit. The news created predominantly negative sentiment and a bearish iSENSE alert at 8:00AM, and CMG was down almost 2 percent in pre-market trading.
GME (GameStop Corp.) - GameStop Corp reported its holiday sales figures after market close yesterday. Despite a slowdown in total sales, partially attributed to currency fluctuations and the growth of online video game retailing, sales in new software grew as much as 6 percent for the nine-week holiday period. Demand was particularly strong for PlayStation 4 and Xbox One game titles. The news produced consistently positive sentiment through the evening and into this morning, generating at 8:26AM a bullish iSENSE alert. GME was up close to 11 percent from yesterday’s closing price.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
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