Surprise, surprise. The SPY traded lower and then made its way back to the $210 area.
There is one of two things happening right now, there is massive indecision or a massive move about to happen. The market is clearly coiling.
Twitter stock price hits record low in the midst of the apathy. Could it be the next myspace?
August 4 Stock Market Today: Map of the S&P 500
(click the map for a full view)
Tape reading the SPY is fun. There is nothing to read right now. No momentum. No trend. Stock specific.
(click the chart for a full view)
Stocks to Trade | Tuesday August 4, 2015
- Oil and gas a little over-sold. Tough to justify a new short sale for the risk. Need to see them consolidate a bit.
- FIR continues to be a quality stock to trade.
- AAPL breaks down, again. This company is very different from the one Steve Jobs ran. Not Tim Cook’s fault. The market has matured.
Charts in Focus
TWTR shares hit all-time lows yesterday. It’s an interesting play because its clearly a sell-short but its ripe for news that could quickly spike the stock price higher. If you are trading it from the short side, be sure to have in protective stops.
(click the chart for a full view)
Earnings in play today > 1M avg shares: DIS, COH, ATVI, MOS, CVS, ADM, AET, PXD, Z, HCN, UBS, FSLR, K, ETSY, CHTR, ISIS,
Bullish Ideas ATR/Volume/Price: AMZN, GOPOG, NFLX, UA, FIT, RCL, TEVA, AGN, FB, ACN, TWC, UPS, HD, NKE, MA
Bearish Ideas ATR/Volume/Price: yelp, uri, sina, clr, rrc, apa, twtr, cvx, pxd, eog, utx, oxy, cat, aapl, lnkd, apc, mmm, unp
Weak Stock Weak Close: yelp, sina, aem, sune, tasr, clr, twtr, nbl, mat, lyb, kors, csiq, wfm, se, epd, bhi, aapl, oke, hot, hal,
Strong Stock Weak Close: CCE, AMBA, MBLY
Weak Stock Strong Close: kate
Strong Stock Strong Close: GOOGL, RAI, JBLU, TEVA, TMUS, GIS
20 day Breakdown: aapl, twtr, tsn, sune, cvx, hbi, cop, coh, rrc, lnkd, tasr, mur
20 Day Breakout: MGM, SWFT
2x Normal Volume: TSN, HBI, CCE, SUNE, WLL, TWTR, NEE, COH, JDSU
Watch List Longs: AMGN, TRV, SBUX, CVS, TWC, MCD, EBAY, AKAM, JNPR,
Watch List Short: cop, cvx, xom, bby, hal<40, dd, lltc, hpq, ntap, orcl
Inside days: pfe, nflx, wu, wfm, jnpr, dhi, wmt, phm, stx, bmy, brcm, adm, psx, etfc, adi, hcn, cvc, pru, tso, chtr, len, urbn, hum
Twitter Stock Price Hits Record Low | August 4
Twitter (TWTR) Stock Plunges Over User Growth
NEW YORK (TheStreet) — Twitter (TWTR – Get Report) shares are plummeting 5.93% to $29.17 in Monday’s afternoon trading session on heavy trading volume as concerns over user growth are ongoing, CNBC.com reports.
“The weakness may not subside any time soon,” SunTrust Robinson Humphrey analyst Bob Peck told CNBC.com.
This action also comes as the social media platform reported monthly active user growth that missed analysts estimates during its second quarter earnings release last week, Business Insider reports. The number of monthly average users grew at the slowest pace since 2013.
Average monthly active users (MAUs) for the latest quarter came in at 304 million, while analysts had expected 310 million.
The ability to increase users is worrying investors, Reuters noted.
However, the company’s earnings and revenue beat analysts’ estimates. For the second quarter of 2015 ended June 30, the company earned 7 cents per share on revenue of $502 million. Analysts had expected the company to earn 4 cents per share on revenue of $481.13 million.
As of 1:32 p.m., around 29.5 million shares had changed hands, above the company’s average trading volume of about 21.3 million shares.
Twitter operates as a global platform for public self-expression and conversation in real time.
Separately, TheStreet Ratings team rates TWITTER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
Continue reading on thestreet.com
Twitter (TWTR) Stock Sinks to All-time Lows
Shares of Twitter, Inc. (TWTR) continued their downward march Monday hitting an all-time low of $28.91 in response to earnings. The online social networking service extended last week’s breakdown by cracking below the $29 level. That’s a 48.36% nosedive, or $27.08 per share, from the 52-week high of $55.99 set in October 9, 2014
The stock closed at $31.01 at the end of Friday’s trading session, printing a one-year loss of 31.38% and year-to-date loss of around 14%. Twitter has plunged more than 11% since July 29, a day after the company warned that sustained user growth would come slowly.
Twitter’s stock is trading at unusually high volume Monday with 28.5 million shares changing hands. That’s nearly 9 million shares above its average daily volume and trading down 6.16% at $29.10 as of 12:46 PM ET. TWTR remains about three points above its Nov.’13 IPO price of $26 a share.
Continue reading on wallstreetpit.com