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Social Media Beat: The Three Gs -- GE, Google And Gilead

Social Media Beat: The Three Gs -- GE, Google And Gilead

  • Keeping track of what people on social media are saying about stocks and the general economy has become key to many investment strategies.
  • Market Prophit compiles and analyzes social media commentary related to the stock market and general investing, and then elaborates statistics that track sentiment for both experts (Market Prophits) and the public (the Crowd).
  • On Monday, Benzinga spoke with Market Prophit’s CEO Igor Gonta, who shared some comments on trending stocks.
  • Benzinga asked Gonta for comments on The Three Gs: General Electric Company (NYSE: GE), Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) – formerly Google and Gilead Sciences, Inc. (NASDAQ: GILD).

    Below are some highlights.

    General Electric

    Shares of the industrial conglomerate spiked on Monday after news about activist investor Nelson Peltz taking a position in the stock transcended. “Currently the Market Prophits are bullish and the Crowd is turning slightly bearish,” Gonta assured.

    Alphabet, Or The 'Old' Google

    The CEO then went into the new Alphabet.

    “Alphabet, the new parent of Google rose on Monday, with the market bullish on the clearer picture of the organization and delineation of the different business units. The Crowd and the Market Prophits are strongly bullish on the stock,” he assured.

    Related Link: Social Media Beat: The Fed Decision, Treasuries, Oil & Alibaba's Lockup Expiration

    Gilead Sciences

    Finally, Gonta took at look at Gilead, which was up slightly on Monday. However, “The price action for biotechs continues to be tenuous given the recent sell-off,” the expert noted.

    “Currently, the Crowd and the Market Prophits are both bearish even though the Market Prophits being only mildly so,” he concluded.

    Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

    Image Credit: Public Domain


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