The Bulls and Bears were fighting this morning but by mid-day the Bulls won with the markets up across the board. With the 10yr nearing a 52 week low in the morning, can earnings season save the Bull market from a concern of rising rates from the Federal Reserve? Strong earnings reports have not slowed the bears from pushing stocks lower in January. We hear from Twitter (TWTR) this week, making it the stock in focus.
Stock in Focus
Twitter (TWTR) has a market cap of 24 Billion and is trading at $38.00, well off the companies 52 week high of $67.24/share. Analysts are looking for $.06 EPS but even more important will be the comments from the company surrounding their plan to continue to monetize the business. During yesterday’s Super Bowl game there were over 28 Million tweets reported. The question is how does this translate in to revenue for the firm? The average analyst rating for Twitter is overweight but analysts have been slow to upgrade or downgrade this one ahead of earnings. We might just have to wait and see.