Social Media Analytics: What The Crowd & Experts Think About Oil, Treasury Bonds And Facebook
As social media continues to gain relevance in the investing world, knowing what the crowd is saying has become crucial. Market Prophit compiles and analyzes how social media commentary relates to the stock market, and develops statistics that track sentiment.
Benzinga spoke with CEO Igor Gonta, who provided an updated summary of recently trending stocks and ETFs.
Facebook Inc (NASDAQ: FB)’s stock rocketed recently, following their announcement of the launch of Instant Articles -- with 9 media partners, Gonta says. Currently, the Market Prophits (or experts) are bullish while the Crowd is bearish.
20+ Year Treasury Bond ETF
Gonta continues, “Bonds globally have been experiencing tremendous volatility with US Treasuries not being spared. After the recent big sell off in the iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT), the Market Prophits just started turning bullish on Wednesday of this week while the Crowd remains bearish.”
United States Oil ETF
Market Prophit’s CEO finally looks into oil and one of its related ETFs: United States Oil Fund LP (ETF) (NYSE: USO).
“After a huge rally from its recent lows, oil has now settled in a recent range with many guessing what will be the direction for the rest of the year,” he explains. Currently, the Crowd is bearish while the Market Prophits continue to be bullish.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.