Stocks Seeking New Levels at Midday: StockTwits
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"?
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.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:
-- Paul La Monica (@lamonicabuzz) Mar. 27 at 10:21 AM
$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.Meanwhile, the slide in Google (GOOG) continues, prompting some to start identifying technical levels that may offer some support:
-- Joseph Drago (@Joey_Drago_) Mar. 27 at 10:26 AM
$GOOG down almost 10% from February all time high; next support at October highs: http://stks.co/a0NXqIn 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.
-- Jeff Quiggle (@macroQmicro) Mar. 27 at 10:16 AM
$CONN it was already known they were going to miss, but guidance reaffirmed, so up we goAt 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.
-- Tutti (@Tutti) Mar. 27 at 06:29 AM
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