Morning Preview: Chipotle and General Electric Earnings
Today’s Thursday morning preview is all about earnings on StockTwits. This was a huge week for earnings with more than 100 companies reporting. Names like Coca-Cola, Johnson & Johnson, Goldman Sachs, Google, and General Electric all posted earnings. Here are the 3 things reports that everyone is talking about on StockTwits right now:
1.) Chipotle $CMG posted one of its strongest earnings reports in history. In-fact, the company set a new revenue record earning $904.2 million for the quarter. On StockTwits, there’s already been a 28% increase in message volume. But something to keep an eye on is sentiment. Currently StockTwits $CMG sentiment stands at 54% bullish vs 46% bearish:
Did I read that correctly? $CMG comp up 13.4%? And mostly the result of traffic, not price. Wow.
— herb greenberg (@herbgreenberg) Apr. 17 at 08:07 AM
— Steven Spencer (@sspencer_smb) Apr. 17 at 08:05 AM
2.) General Electric $GE also reported earnings early this morning and it’s been a top trending ticker on StockTwits ever since. General Electric is a must-read earnings report because it conducts business and operates factories around the world. To some extent, it’s an excellent indicator of global business conditions. GE took a big hit on sales this year because they sold NBC, but they did manage to beat estimates on the bottom line:
— Jan (@xtremezz) Apr. 17 at 06:50 AM
$GE They sold nbc last year. That's why sales are down year over year. Solid earnings however.
— justin malarkey (@malarkeyracing73) Apr. 17 at 07:13 AM
3.) The markets are closed on tomorrow, April 18, for Good Friday. Heading into the holiday, the S&P 500 is up 0.75%, The Nasdaq Composite is down 2.16%, and the Dow Jones Industrial Average is down 0.92%. Now, we leave you with an interesting seasonality chart about how the stock market performs before and after holidays (click the link in the message below):
— lumberjax (@lumberjax) Apr. 16 at 02:46 PM
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