Market Overview

'Damn Daniel' Viral Video Could Make Vans The Sneakers Of 2016

Share:
'Damn Daniel' Viral Video Could Make Vans The Sneakers Of 2016
Related VFC
25 Stocks Moving In Monday's Pre-Market Session
A Peek Into The Markets: U.S. Stock Futures Edge Lower; Alphabet Earnings In Focus
Related ADDYY
The Footwear Industry Has A Hispanic Problem
Puma, The Fastest-Growing Company In The Footwear Industry, Raises 2017 Guidance

The latest data from TickerTags provides some surprising insight into the impact one of the most popular viral Internet videos of 2016 may have on Wall Street. TickerTags monitors social media sites to identify trends by searching for words or phrases that appear together in social media content, such as tweets.

On February 15, Riverside High School student Josh Holz posted a 30-second video on Twitter with the caption “Damn Daniel” that took the Internet by storm. The video was a compilation of some of the outfits his friend Daniel Lara wore to school. In the video, Josh repeatedly says the phrase, “Damn, Daniel. Back at it again with the white Vans.”

Related Link: New Study Shows How Gen Y Income Is Low Due To 'Economic Betrayal'

Not surprisingly, as the video went viral, social media mentions of VF Corp (NYSE: VFC)’s Vans skyrocketed. The graph below shows that the “Damn Daniel” spike in Twitter Vans mentions nearly doubles the highest peak in mentions of adidas AG (OTC: ADDYY), the other trendy sneaker of 2016.

Within 24 hours of the video going viral, Twitter users were already reporting that local stores were sold out of white Vans. VF Corp’s stock is up 9.0 percent since February 15, but it’s hard to predict how large of an impact that the video will have on the company’s overall Q1 sales.

Year to date, VF Corp is up 4.32 percent.

Disclosure: The author holds no position in the stocks mentioned.

Image Credit: Public Domain

Posted-In: Damn Daniel Josh HOlzEducation Topics Top Stories Markets Trading Ideas General Best of Benzinga

 

Related Articles (VFC + ADDYY)

View Comments and Join the Discussion!