Want to know what real investors think about the markets and individual stocks?
Well, Tradebird, a social application for investors and traders, keeps tabs on whether its users are bearish or bullish on a wide range of financial assets and indices.
Following is a list of closely watched stocks and other assets, along with sentiment readings among Tradebird users.
Last week we saw a decent gold rally and prices above the $1,300-an-ounce area. Most of the investors on Tradebird continue to be bullish before the U.S. presidential election. Right now the sentiment is 70% bullish.
The dollar had a bad week and the pair recovered above 1.11. On Monday, it was trading around 1.104 and 1.108. Investors from our community are obviously bearish, as the pair has 62% downside sentiment. All eyes are set on the U.S. election.
3. S&P 500
The S&P 500 was under serious pressure last week and tested the levels under the 2100 mark, finding support around 2080. It rebounded on Monday, however, and was trading 2126 on Tuesday morning. Sentiment is 70% bearish on Tradebird.
4. Facebook (FB)
Last Wednesday Facebook announced its earnings and despite the beat on both EPS and revenue, the stock fell from $127 to $120 as the company said that spending will grow in 2017. On Monday the stock was trading higher, and the sentiment within our community was 77% bullish.
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5. First Solar (FSLR)
First Solar also reported earnings last week, and it missed analysts' revenue estimates, causing the stock to fall from $40 to the $32 area. On Monday the stock was up more than 3%. Despite that, the sentiment on Tradebird is 98% bearish!
6. Activision Blizzard (ATVI)
Activision Blizzard's earnings weren't good and missed analysts' estimates for earnings per share. The stock fell from $43.60 to $41.11 following the news. However, a serious group of traders is finding the low levels as a perfect buying opportunity, and currently the sentiment on Tradebird is 97% bullish! The coming weeks will show whether we are going to see a bullish pattern.