Social Data Shows Apple Had A Really Hot February
February was a great month for Apple Inc. (NASDAQ: AAPL) — and not just for its stock price.
Underlying consumer enthusiasm was extremely positive as well.
Apple saw daily social mention volume climb by over 11 percent in February over the previous month.
Apple positive sentiment increased by 2.9 percent in February, ending the month at 90.6 percent positive. That's incredibly high for a consumer electronics maker.
Much of the increase in volume and sentiment was driven by enthusiasm for Apple Pay.
The best trade opportunities come when there is a disconnect between stock price action and social trends. Unfortunately, that is not the case for Apple right now, as February already saw the stock rally by over 10 percent.
LikeFolio's primary focus is looking for outliers where social mentions indicating purchase-intent are inconsistent with the expectations of Wall Street like this.
Watch out, it's not all rosy for Apple: Our analysts continue to see signs that the Apple Watch may do much worse than expectations.
Image credit: Joe Ravi, Wikimedia
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.