Market Overview

Social Media Outlook for Wednesday May 2 (CVS, ASNA, CMI, AVP)

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In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis.

Provided by Social Market Analytics, here is the social media outlook for Wednesday, May 2.

Most Bullish

CVS Caremark (NYSE: CVS) is trading up about 1.5% after beating analyst expectations for earnings this morning.

Ascena Retail (NASDAQ: ASNA) is trading up about 10% after announcing that it would purchase Charming for $7.35 per share.

Most Bearish

Cummins (NYSE: CMI) is trading about flat after reporting earnings yesterday.

Avon Products (NYSE: AVP) reported earnings that fell sharply below expectations on Tuesday.

Most Discussed

Apple (NASDAQ: AAPL) almost always sits atop this list. Shares are currently trading near $585.

Chesapeake Energy (NYSE: CHK) reported disappointing earnings yesterday, and announced that it would bring in a new, independent chairman, splitting the role and taking the title away from Chesapeake's CEO Aubrey McClendon.

Microsoft (NASDAQ: MSFT) is trading slightly down on the current session. Chatter on the company may be motivated by the announced plan to invest $300M into Barnes & Noble's (NYSE: BKS) Nook business.

Bank of America (NYSE: BAC) is currently trading down on the current session. The bank is frequently discussed, but chatter may have been enhanced by the fact that the bank was sued in New York by a pension fund.

ConocoPhillips (NYSE: COP) spun-off Phillips 66 yesterday.

Interested in getting more information about stock trends on social media? Signup for the Social Market Analytics newsletter on their website.

 

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