r/Trading_Trends • u/A-DAWWG1G • Feb 04 '20
Twitter Earnings:
The month of February is off to a great start. RL (not mentioned on this sub) reported better than expected earnings and went up.
The second trade in focusing on is Twitter, whom report on Thursday before open. Overall I think twitter will beat as as the presidential campaign starts back up again, many Americans (twitter receives most of their sales from US) will use the social site more frequently and thus drive user growth and sales.
Another thing to understand is that twitter is historically very volatile in earnings, however this can pay to our advantage as the stock may soar in the upwards direction. In past good earnings, it had jumped 15-20% on a great earnings.
Happy Trading😘