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).
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.
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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.