Social Media Stocks Sector Analysis: FB, TWTR, LNKD, IACI, WB
This was originally published on See It Market on June 2nd
In this post I want to take an intermediate-term and longer-term look at the charts of five social media stocks. The first three that I will look at are household names that you hear about ton a dailybasis (and probably use on personal level as well): Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD). But stocks like IAC/InterActiveCorp (IACI) and Weibo (WB) are smaller companies in the sector that are worth paying attention to – both social media stocks have big growth potential.
IACI is the $6B owner of dating sites like Match, OkCupid, and Tinder. They also operate in search via About.com, Ask, Dictionary.com, and Investopedia. As well, they own the popular video-sharing subscription service called Vimeo.
Then there is Weibo, a $3B … Read More »
Smart Money Report
IYR- 10k May 30 weekly $70 puts were bought for $0.25-$0.26 each, against open interest of 37 contracts.The real estate ETF is set to close at a new high today with RSI overbought at 74+. This is likely a hedge against an existing long position.
TWTR- A rollout from 4k May 17 $34 calls (credit) into 4k May 23 weekly $33 calls (debit). Volume was above the open interest in the May 23 weekly $33 calls. Twitter has near-term upside potential to $36-$37 (gap fill). Current support is at $29.50.
VGR- More than 2,000 Aug. $22.50 calls were purchased for $0.48-$0.55 each this morning, against open interest of 1,199 contracts. Earnings are due out tonight. Implied volatility rose 13% to 34.31 with call activity over 5x the average daily volume. The stock has moved higher after earnings on three straight … Read More »