Apple, Amazon, the Dollar: Here's What Tradebird Users Are Bullish About

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.

1. Euro/Dollar Currency Pair (EUR/USD)

The dollar is king. Last week the euro/dollar currency pair again tested the 1.05 area where it has been finding strong support. Although it seems like the pair has already bottomed, the long-awaited and still possible Federal Reserve interest rate hike may push the pair even lower. Tradebird users are 59% bearish (meaning they think the euro will continue to decline in value against the greenback).

2. Gold

As the dollar continues to gain strength, gold broke the $1,200-an-ounce mark last week, reaching $1,170 an ounce. At the same level, the price found some good support, and early Monday the precious metal is trading around $1,190 an ounce. Sentiment among Tradebird users is mixed, with investors 51% bullish.

3. S&P 500

The S&P 500 closed last week at more than 2213. Investors on Tradebird are 56% bullish on this bellwether index. This Monday, the futures are trading just a little bit lower, however, between the 2202 and 2209 levels.

4. HP (HPQ)

HP reported weaker-than-expected earnings last Tuesday, and shares fell from $15.94 to $14.83 on Wednesday. The sentiment on Tradebird at the moment is 57% bearish.

5. Apple (AAPL)

The stock continued to recover from the lows we saw two weeks ago, when it reached $105. Last Friday, it closed the session at more than $111. Black Friday and the upcoming holiday season should help the stock to recover even more. Sentiment among Tradebird users is 63% bullish.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. See how Cramer rates the stock here. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

6. Amazon.com (AMZN)

The stock continued to recover and closed last week at more than $780. The near future for Amazon looks good, as the Holiday season is always strong for the entire sector. Therefore, there is no surprise that the sentiment on Tradebird is 82% bullish. 

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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