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"?

Yesterday the Fed accepted capital plans from $BAC and $JPM which included div raises and repurchases. BAC up 0.5%, JPM down 0.2% in premkt 
-- Dividend.com (@dividenddotcom) Mar. 27 at 07:17 AM

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.
-- Paul La Monica (@lamonicabuzz) Mar. 27 at 10:21 AM

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:

$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.
--  Joseph Drago (@Joey_Drago_) Mar. 27 at 10:26 AM

Meanwhile, the slide in Google (GOOG) continues, prompting some to start identifying technical levels that may offer some support:

$GOOG down almost 10% from February all time high; next support at October highs: http://stks.co/a0NXq 
-- Jeff Quiggle (@macroQmicro) Mar. 27 at 10:16 AM

In 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.

$CONN it was already known they were going to miss, but guidance reaffirmed, so up we go
-- Tutti (@Tutti) Mar. 27 at 06:29 AM

At 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.

More from Opinion

These 5 Tech Giants Still Aren't That Expensive

These 5 Tech Giants Still Aren't That Expensive

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

Throwback Thursday: Intel Edition

Throwback Thursday: Intel Edition

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others