Trade-Ideas LLC identified

State Street

(

STT

) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified State Street as such a stock due to the following factors:

  • STT has more that 20x the normal benchmarked social activity for this time of the day compared to its average of 1.68 mentions/day.
  • STT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $252.1 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on STT:

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The stock currently has a dividend yield of 2.4%. STT has a PE ratio of 13. Currently there are 5 analysts that rate State Street a buy, 2 analysts rate it a sell, and 7 rate it a hold.

The average volume for State Street has been 3.5 million shares per day over the past 30 days. State Street has a market cap of $23.5 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.13 and a short float of 2.3% with 2.29 days to cover. Shares are down 11.5% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates State Street as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 17.1% when compared to the same quarter one year prior, going from $492.00 million to $576.00 million.
  • STATE STREET CORP has improved earnings per share by 19.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, STATE STREET CORP reported lower earnings of $4.47 versus $4.57 in the prior year. This year, the market expects an improvement in earnings ($4.75 versus $4.47).
  • STT has underperformed the S&P 500 Index, declining 21.08% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Capital Markets industry and the overall market, STATE STREET CORP's return on equity is below that of both the industry average and the S&P 500.

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