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3 Stocks Trending On Social Media

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3 Stocks Trending On Social Media
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iSentium is a company that tracks sentiment on Twitter and enables users to sift through Tweets with ease. The application plots sentiment over a price chart and helps to identify changes that may impact pricing trends. Each morning, the firm generates a Pre-Market report for end-users. Benzinga uses the application and is republishing their morning note with iSentium's blessing.

Stocks mentioned in this report include: Wells Fargo & Co (NYSE: WFC), Chipotle Mexican Grill, Inc. (NYSE: CMG) and GameStop Corp. (NYSE: GME)

WFC (Wells Fargo & Company) - Wells Fargo & Company reported its fourth-quarter performance this morning, with both earnings and revenues largely in line with consensus estimates. The bank’s net income grew 3.5 percent from similar metrics one year earlier, from a larger overall loan book despite slightly weaker profit margins. The earnings report produced significant positive sentiment this morning and generated a bullish iSENSE alert at 8:12AM. WFC was down 1.5 percent in pre-market trading, and down slightly from the time of the alert.

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CMG (Chipotle Mexican Grill, Inc.) - Chipotle Mexican Grill announced this morning it had stopped serving pork at roughly one third of its retail locations due to animal rights violations at a major supplier. The specialty restaurant chain, known for the high animal welfare standards for its meat toppings, encountered the issue in a routine audit. The news created predominantly negative sentiment and a bearish iSENSE alert at 8:00AM, and CMG was down almost 2 percent in pre-market trading.

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GME (GameStop Corp.) - GameStop Corp reported its holiday sales figures after market close yesterday. Despite a slowdown in total sales, partially attributed to currency fluctuations and the growth of online video game retailing, sales in new software grew as much as 6 percent for the nine-week holiday period. Demand was particularly strong for PlayStation 4 and Xbox One game titles. The news produced consistently positive sentiment through the evening and into this morning, generating at 8:26AM a bullish iSENSE alert. GME was up close to 11 percent from yesterday’s closing price.

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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