Tuesday Wrap: Groundhog Day
Didn’t we do the same thing yesterday? After scaring investors with a test of recent lows, stocks bounced back harder and higher today.
The bouncing stock that caught the most attention was twitter $TWTR, which exploded 11% higher this afternoon as smart investors had time to digest this morning’s acquisition announcement of their data partner Gnip. Prior to the announcement, sentiment amongst $TWTR investors and traders was decidedly mixed, though we saw a 13% rise in bullish sentiment today.
— Y CHARTS (@ycharts) Apr. 15 at 01:57 PM
I think today is a significant event in $TWTR and this should not be taken lightly. We'll look back to today and point to it. Watch
— J.C. Parets (@allstarcharts) Apr. 15 at 01:48 PM
Meanwhile, after the bell rang to close today’s trading, the much anticipated latest quarterly earnings report for Yahoo $YHOO was released and investors cheered sending the stock more than 10% higher than it’s closing print at one point.
— Pierce Crosby (@CrosbyVenture) Apr. 15 at 02:14 PM
Not to be outdone, Intel matriculated the ball down the field with its own (albeit modest) earnings beat, sending shares higher in after-hours trade:
— Christian von Schwarzenberg (@exequenda) Apr. 15 at 02:04 PM
After two consecutive days of impressive intraday bullish reversals and now two tech heavyweights delivering good news for investors, have we dodged another bullet? Or is this just another stay of execution for the long-in-the-tooth bulls?
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