Precious metals stocks came back to the most bearish stocks on Twitter list this week. Energy stocks like Exxon Mobile (XOM), Chevron (CVX), and Occidental Petroleum (OXY) are also a leading theme. With Dow Chemical (DOW) and Caterpillar (CAT) added to energy and precious metals it appears that my concern from last week continue and basic resources make up the the largest group of the bearish stocks. This could be an early warning about a resumption of the downtrend in the economy or deflation. Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 8/6/13.
Bad news out of Potash (POT) increased both the volume and bearish intensity of tweets for the agriculture stocks this week. Mosaic (MOS) fell victim as well. This came as a big surprise to many, but taking a look at an agriculture ETF (MOO) you can see that agriculture has been in trending lower from early in the year. Also of note is that Caterpillar (CAT) leads the list this week, and emerging markets (EEM) and Dow Chemical (DOW) made the cut. This is starting to paint a picture of even more weakness in the most basic sectors of the world economy. Take a look at some charts of the other stocks on the most bearish list and you’ll see it littered with bad surprises. This may be early warning that the slow world economy is finally having an impact on the United States. Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 7/30/13.
Apple (AAPL) continues to top the most active list. Facebook (FB) is getting a boost this week as it’s almost back to its IPO price. Below are charts of the intensity scores for the most active stocks on Twitter for the week and month ending 7/30/13.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter. Week and month ending 7/23/13.
Below are charts of the most active stocks on Twitter for the week and month ending 7/23/13. Here’s a chart with the status of the 50 most active stocks on Twitter.
Randgold Resources (GOLD) and silver (SLV) are back on the most bullish stocks on Twitter list (for the past week). For a sustained advance the precious metals will need to make it back to the monthly bullish list. Another interesting point is the bank stocks are floating back to the top of the list. Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week ending 7/16/13.
Tesla Motors (TSLA) did what no other stock has been able to accomplish. Over the past week it had a higher volume and intensity of tweets than Apple (AAPL). From the time we’ve been tracking Twitter sentiment AAPL has always been the most active stock on Twitter (on a weekly and monthly basis) so this is quite an accomplishment…even if TSLA only beat AAPL by a few points. Below are charts with the intensity scores of the most active stocks on Twitter for the week and month ending 7/16/13. Here is a chart with the status of the 50 most active stocks.
Over the next month or so the most active list (on a weekly basis) will most likely be littered with companies reporting earnings. Alcoa (AA) made an entrance this week as one of the few widely followed stocks that have reported. Keep an eye on this list over the coming weeks to see which companies are getting a lot of attention on Twitter due to their earnings reports. Below are charts of the intensity scores for the most active stocks over the past week and month (ending 7/9/13). FYI, I posted the status of the fifty most active stocks yesterday.
Shooting higher or falling hard is one of the things that will put a stock with previously lackluster intensity scores near the top of the most active stocks on Twitter. Tesla Motors (TSLA) shot higher to gain the list while Research in Motion (BBRY) dropped by nearly a third in a day to get its status. The other thing that helps stocks stay active on Twitter is is a good story or a cult following. Gold (GLD), Silver (SLV), and Gold Stocks (GDX), Apple (AAPL), Google (GOOG), Facebook (FB), Amazon (AMZN), and Netflix (NFLX) fall into this category. Below are charts of the intensity scores for the most active stocks on Twitter for the week and month ending 7/2/13. Below is a chart with the status of the top 50 active stocks on Twitter.
The current consolidation in the market is causing more stocks to warn or show negative chart and sentiment patterns. In addition, more are showing up with sentiment readings that don’t give a clear indication of the stock’s current status. However, we still have 62% of the 50 most active stocks with positive chart and sentiment readings. The stocks that show negative patterns are roughly the same number as what we saw during the first of May during the first part of the current consolidation. This is somewhat encouraging for the bulls since the market is quite a bit lower, but chart patterns aren’t breaking down and sentiment isn’t showing a build in extreme bearishness either. Below is a chart of the status of the 50 most active stocks. In addition, there are charts showing the intensity scores for the most active stocks for the week and month ending 6/25/13.