Market Overview

Social Media Beat: What Experts And The Crowd Think Of Macy's, J C Penney And Target Into The Holiday Season

Share:
Social Media Beat: What Experts And The Crowd Think Of Macy's, J C Penney And Target Into The Holiday Season
Related M
Retail Sector Earnings: Strong Data Points To A Good Holiday Season
Kohl's Rallies On Solid Holiday Sales: More Upside In Store?
4 Retail Favorites For 2018: TJX Co., Signet Jewelers, Five Below And Macy's (Seeking Alpha)
Related JCP
30 Stocks Moving In Wednesday's Pre-Market Session
Analyst Echoes Predictions Amazon Will Buy Retailer: 'Downtrodden Big Box, Department Store Player'
Market Is Rising On The Fear Of Missing Out - Cramer's Mad Money (1/18/18) (Seeking Alpha)

  • What people say about stocks and the market on social media continues to gain importance in the investment world.
  • Consequently, 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 Wednesday, Benzinga spoke with Market Prophit’s CEO Igor Gonta, who shared some commentary about trending stocks.
  • Holiday Roundup

    The expert began by discussing the holiday shopping season, “It's interesting to take a look at earnings past and future for some key retailers as we head into holiday and the all important Black Friday,” he said.

    Related Link: Ahead Of Black Friday, Enthusiasm For Retail ETFs Wanes

  • Macy's, Inc. (NYSE: M)
  • After the company reported disappointing earnings, Macy's stock tanked. “Currently, the Crowd is slightly bullish, while the Market Prophits are very bearish,” Gonta explained.

  • J C Penney Company Inc (NYSE: JCP)
  • J C Penney also reported disappointing earnings and “proceeded to fall quite hard afterwards,” Gonta continued. “Currently, both the Crowd and Market Prophits are bearish.”

  • Target Corporation (NYSE: TGT)
  • Finally, there’s Target, which “just beat earnings and raised the lower end of revenue guidance. Currently, the Crowd is bullish while the Market Prophits are bearish,” the analyst told Benzinga.

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

    Image Credit: Public Domain

    Posted-In: Black Friday holiday shopping seasonAnalyst Color Long Ideas Crowdsourcing Exclusives Trading Ideas General Best of Benzinga

     

    Related Articles (JCP + M)

    View Comments and Join the Discussion!