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TheStreet Open House

Stocks Seeking New Levels at Midday: StockTwits

Stocks in this article: TLT FB GOOG CONN BAC JPM GS MS WFC

NEW YORK (TheStreet) -- Here's some chatter in the top-trending ticker streams on StockTwits.com:

Many of the big banks survived the Federal Reserve stress tests. However, after showing early gains, most -- including Bank of America (BAC), JPMorgan Chase (JPM), Goldman Sachs (GS) and Morgan Stanley (MS) -- have since faded since the open of trade. Wells Fargo (WFC) is slightly higher.

Perhaps a bit of "sell the news"?

Yesterday the Fed accepted capital plans from $BAC and $JPM which included div raises and repurchases. BAC up 0.5%, JPM down 0.2% in premkt 
-- Dividend.com (@dividenddotcom) Mar. 27 at 07:17 AM

Ugly day for banks. Even $BAC now lower despite dividend boost. $C getting killed. $JPM $GS $MS down. $XLF off 1%. But $WFC still up a bit.
-- Paul La Monica (@lamonicabuzz) Mar. 27 at 10:21 AM

iShares 20-Year Treasury Bond (TLT) continues to rise, breaking higher to levels no seen since last summer. Traders are becoming skeptical of higher interest rates any time soon:

$TLT breaking out so much for higher rates http://stks.co/d0NIF 
-- Karl Snyder (@snyder_karl) Mar. 27 at 10:10 AM



Facebook (FB) is attempting to recover some recent losses, which were as much as 20% from highs at one point this morning. With earnings coming up, Traders may be starting to sense some positive catalysts on the horizon:

$FB Reports on 4/30, very optimistic they will surpass analyst projections as they have in the past.
--  Joseph Drago (@Joey_Drago_) Mar. 27 at 10:26 AM

Meanwhile, the slide in Google (GOOG) continues, prompting some to start identifying technical levels that may offer some support:

$GOOG down almost 10% from February all time high; next support at October highs: http://stks.co/a0NXq 
-- Jeff Quiggle (@macroQmicro) Mar. 27 at 10:16 AM

In postive earnings-related news, Conn's Inc (CONN) reaffirmed guidance this morning, giving investors confidence and sendign the stock up over 12% at midday. There is a large gap from mid-February to fill, leaving plenty of runway for further gains.

$CONN it was already known they were going to miss, but guidance reaffirmed, so up we go
-- Tutti (@Tutti) Mar. 27 at 06:29 AM

At the time of publication the author had no position in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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