Morning Preview: Revisiting Tech’s Momentum Stocks, and Alcoa Earnings

In today’s Tuesday morning preview we’re looking at 3 stories that have been popular topics for discussion on StockTwits. We picked these 3 stories based on unique analytics available to all StockTwits users like sentiment and message volume.

1.) For the entire month of March, and now well into April, the most talked about stocks have been momentum ones. Particularly those that have seen huge sell-offs. We’ve been writing about this extensively, too, and there’s been no better place to watch these momentum names than on StockTwits. Messages on the StockTwits FireEye ($FEYE) stream crossed 1,000 yesterday. On March 1, that number was below 100. The same thing is happening with $YELP, $NFLX, and $P:

4 of the biggest momo names and their message volume on StockTwits – $YELP $FEYE $NFLX & $P:

— stefan cheplick (@scheplick) Apr. 8 at 09:00 AM

2.) The Nasdaq-100 ($QQQ) has been under pressure all month long and we continue to see interesting reasons why. Some blame it on the overvaluation of momentum stocks as mentioned above. Others cite a clear exhaustion in the trend or a technical breakdown. This morning we’ve already seen 3 other potential reasons that caught our eye:

In 2000 the Nasdaq fell 25% in 2nd week of April so ppl could pay taxes following big gains in 1999. Rebounded 19% last 2 weeks April $QQQ

— 1971 Capital (@1971capital) Apr. 8 at 08:30 AM

Significant rotation continues from Growth to Value Stocks and from Cyclicals to Defensive Sectors. $SPX $DIA $QQQ $IWM

— Ben Silverberg (@silverjet2) Apr. 8 at 07:51 AM

$QQQ investors have been trained for the last 5 years to buy every dip because the next day the market ALWAYS spikes even higher. Now what?

— Brett Fromme (@BDF_NYC) Apr. 7 at 06:37 PM

3.) Alcoa ($AA) is no longer in the Dow Jones Industrial Index, but it’s still a major signal for earnings season. Today, after the market close Alcoa reports earnings. Keep in mind that $AA is up 18% this year:

$AA @Alcoa to Host Webcast of First Quarter 2014 Results on Tuesday, April 8 beginning at 5:00 p.m. EDT

— Alcoa (@Alcoa) Apr. 1 at 10:20 AM

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