7 Stocks Blowing Up On Twitter

Social media is becoming increasingly important in the investment arena, as its impact on crowds’ sentiment grows. Market Prophit compiles and analyzes the social media commentary that's related to investing, and develops statistics that can tell users both crowd and expert sentiment. According to Market Prophit's Igor Gonta, a few of the stocks buzzing in the past few trading days include:

  • Twitter Inc TWTR
  • Allergan, Inc. AGN
  • Actavis plc ACT

Gonta told Benzinga that, even with Twitter’s bond downgrade last week, "Market Prophits [are] bullish on the stock.” The company gives this designation to social media's most skilled traders, he said.

Allergan and Actavis, meanwhile, were subject to much discussion, as the former announced it had accepted a $66 billion takeover bid from Actavis.

While the sale put an end to hostile offers from both activist investor Bill Ackman (of Pershing Square) and Valeant Pharmaceuticals Intl Inc, the crowd still appears to be bearish on Allergan and Actavis, Gonta said. Social media's higher-tier users, though, remain bullish.

Top Performing Users

Market Prophit also analyzes users' performance to identify the top calls based on the “returns” of stocks they've recently tweeted about. Gonta shared four of the best calls:

UBS AG UBS

 

China Hgs Real Estate Inc HGSH

 

Cliffs Natural Resources Inc CLF

 

Market Vectors-Coal ETF KOL:

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Posted In: Long IdeasCrowdsourcingTrading IdeasGeneralIgor GontaMarket Prophitsocial media curationTwitter recap
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