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Twitter’s struggling in a strong headwind

Authored by ZanderVanDerMerwe
12.11.2021
0
2 min

The JOLTS Job Openings are set to be released today with a forecast of 10.02 million expected 420 000 fewer job openings than last month. Consumer Sentiment is also set to be released with a higher forecast than last month actuals, positive consumer sentiment may affect the retail stocks positively in the leadup to the festive season.

Yesterday’s movers:

  • Beyond Meat Inc (BYND) was down 13.28% as they reported below expectation Earnings as well as weaker fourth-quarter guidance 
  • Tencent Music Entertainment (TME) was up 9.00% as earrings came out better than expected with revenue inline 
  • JD.com (JD) was up 8.31% following record singles day shopping
  • Plug Power Inc (PLUG) was up 8.11% as a positive analyst lift price despite lower than expected earnings

Stocks to watch:

Twitter Inc (TWTR)

Twitter’s third-quarter earnings came out disappointing as earnings missed expectations driving the price to break the longer-term rising trend line. Analysts noted that user growth is still in line with expectations, however, US user growth slowed down.

Technically there could be a vast amount of additional downside, with the consolidation range that was broken this week to go test the $49 mark with an additional downside to $45 if the selloff is set to continue.

Authored by ZanderVanDerMerwe
12.11.2021
0
2 min
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