Morning Preview: A Huge Week For Earnings And The Importance Of Small Cap Sentiment

Welcome to the StockTwits Monday morning preview. Today, the focus is on 3 stories that saw huge increases in message volume and social interest over the weekend. Here they are:

1.) We are entering a huge week for earnings. Johnson & Johnson ($JNJ), Coca-Cola ($KO), Goldman Sachs ($GS), Google ($GOOG), General Electric ($GE) and many more major companies all report earnings. Since last month, the major indexes have been getting crushed. And they’ve been led lower mostly by a huge sell-off in momentum biotech and Internet stocks. The Nasdaq Composite ($COMPQ) is down 6% over the last month. Could a huge week of earnings change this trend? Here’s what the bears will be watching:

@Gemineye $SPY $DIA $QQQ $TNX $GLD $VIX $STUDY $MACRO – Important Checklist to watch all week:

— _flipper_ (@_flipper_) Apr. 13 at 01:07 PM


2.) The Financial Times broke a significant story explaining how Facebook ($FB) could obtain a license for digital payments, transfers, and storage in Europe. This could be great news for Facebook, opening an entirely new business segment and a chance to enter the digital payments space. On StockTwits, bullish sentiment about $FB currently stands at 77%:

$FB Facebook Targets Financial Services: Will allow users 2 store money on FB & use it for payments. ***HUGE!***

— Jeff Reznik (@jeffreznik) Apr. 13 at 01:31 PM


3.) Below this paragraph we’ve embedded a chart showing sentiment from the StockTwits Russell 2000 $IWM stream. It’s a remarkable sight to see. Small cap stocks have gotten hammered over the last month. $IWM alone is down nearly 6% over that timeframe. Sentiment on the $IWM stream has remained super bearish. In-fact it’s been trending down since the start of the year, and at one point even hit a new record. You have to be watching this sentiment chart on a daily basis:

$IWM Everyone's a Bear here.. Very interesting.. Do we go higher or lower?

— mccartjt (@mccartjt) Apr. 13 at 11:33 PM

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