From Zacks: The social media space is in bad shape with Twitter Inc.‘s (TWTR – Free Report) mixed second-quarter 2018 earnings before market open on Jul 27.
From Zacks: Millennials — population with birth years ranging from 1980-2000 — are slowly turning out to be the backbone of the U.S. economy, outpacing baby boomers in 2015 and reflecting over one quarter of the nation’s population.
From Dana Lyons: The Social Media ETF, SOCL, is already back hitting new highs — potentially a good sign for the overall market.
From Zacks: Defying the broader selloff, Twitter shares are on a tear courtesy of its upbeat earnings. On February 8, the company reported fourth-quarter 2017 non-GAAP earnings per share of 19 cents, which came ahead of the Zacks Consensus Estimate of 14 cents and increased 72.7% year over year.
From Zacks: Like several other Wall Street analysts, Bank of America Merrill Lynch also sees an upbeat 2018 for stocks. But this optimism is being felt only for the first half, following which the markets may be apprehensive of a rough patch.
From Zacks: The social media space is likely to be stressed post Twitter Inc.’s (TWTR – Free Report) second-quarter 2017 earnings release. The stock fell over 14% in the key trading session on July 27 as the micro-blogging website fell short of analysts’ expectation on user growth. However, the company beat on both lines.
From Zacks: The social media space is likely to be on fire post Twitter Inc.’s (TWTR – Free Report) first-quarter 2017 earnings release.
Look at how the Global X Social Media Index ETF (NASDAQ:SOCL) has done early in 2017 and you might think that optimism abounds. In a little over a month, the fund is up nearly 10%. Over the past year, it’s up more than 40%. But under the surface, there’s some reason for concern.
The only social media-focused exchange traded fund, the Global X Social Media Index ETF (NASDAQ:SOCL), hit fresh all-time highs on Friday, driven largely by rumors that Twitter could soon be acquired.
According to a Recode report, embattled social media giant Twitter Inc (NYSE:TWTR) will discuss a potential sale during its board of directors meeting this week.
From David Fabian: Social media companies may seem like an obvious avenue for growth in relation to the larger technology sector. However, the highly competitive landscape often resulted in a growing chasm between big winners and downtrodden losers in the public equity markets.