Market Overview

Social Media Outlook for Tuesday May 29 (BID, IBM, VRTX, MSFT)

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In recent years, traders and investors have increasingly turned to social media to discuss their investments. Now, interested parties can get a scientific look at what is being discussed on a weekly, monthly, and even hourly basis.

Provided by Social Market Analytics, here is the social media outlook for Tuesday, May 29.

Most Bullish

Sotheby's (NYSE: BID)

IBM (NYSE: IBM)

Most Bearish

Vertex Pharma (NASDAQ: VRTX) is trading down significantly on the session. Earlier this morning, shares were halted when the company announced that its Cystic Fibrosis treatment proved to be less effective.

Microsoft (NASDAQ: MSFT) is trading up the on the session, but could come under pressure on news that Facebook (NASDAQ: FB) is attempting to build a smartphone. With Microsoft looking to enter the market this fall with Windows 8, Facebook's phone could pressure the market.

Most Discussed

Facebook (NASDAQ: FB) continues to trade lower after its IPO. Shares are trading near $30.20, down significantly from the $38 IPO pricing.

Apple's (NASDAQ: AAPL) CEO Tim Cook will speak tonight at the AllThingsD conference. Some are speculating that Cook could use the talking time to speak about a new Apple product, however, this would be a first for Apple, which has never used the conference to announce a new product.

Vertex Pharma (NASDAQ: VRTX)

Research in Motion (NASDAQ: RIMM) is trading up on today's session. The company's Chief Legal Officer left yesterday.

Google (NASDAQ: GOOG) is frequently discussed on social media. Shares are trading just short of $600.

Interested in getting more information about stock trends on social media? Signup for the Social Market Analytics newsletter on their website.

Posted-In: Social Market Analytics twitterEarnings Long Ideas News Short Ideas FDA Legal IPOs Movers Tech Trading Ideas Best of Benzinga

 

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