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For Twitter, 'Expect Wild Action In Either Direction'

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Josh Brown, CEO and co-founder of Ritholtz Wealth Management, told CNBC why he recently bought additional shares of Twitter Inc (NYSE: TWTR).

According to Brown, expectations for Twitter heading into its Tuesday print is "so low," and analysts who are bullish are just looking for "stabilization" of monthly active users. Meanwhile, the company failed to deliver in its prior quarter but management may be in a better position today to match expectations with DoubleClick integration and an agreement with Google.

Related Link: Twitter Q1 Earnings Preview: Axiom Analyst Sees Jack Dorsey's Efforts To Show Progress

However, Brown pointed out that shares of Twitter have been "destroyed" in seven of its last nine earnings prints. On the other hand, shares surged an average of 18 percent the two times it did not decline.

"Expect wild action in either direction," Brown cautioned investors.

Shares of Twitter were trading higher by more than 3 percent Tuesday afternoon.

 

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