Social Media Analytics: What The Crowd & Experts Think About Oil, Treasury Bonds And Facebook


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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.

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Facebook

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.

A look at Market Prophit’s site reveals which three Twitter users might be worth following for Facebook stock commentary.

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) (NYSEARCA: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) (NYSEARCA: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.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Long IdeasCommoditiesCrowdsourcingMarketsTrading IdeasETFsGeneralIgor GontaMarket Prophit