Twitter Thrives Off “The Mother of All Wars”
Dear Rundown Reader,
We can’t catch a break.
We should be excited about a fantastic earnings season, but NO.
Trump unleashed another tweetstorm this weekend and we’re back in the muck again.
And like it or not… There’s more political squabbling to unpack later this week.
But before that, we’d like to call out something unique at work behind the scenes here.
Today’s Rundown shows you how Twitter shares are thriving off Trump’s tweets and “the mother of all wars.”
Your Rundown for Monday, July 23, 2018…
Tweetstorms Great for Twitter Shares
Elon Musk gets in a Twitter beef with an artist and his company’s shares dip.
Trump tweets and we move closer to the “mother of all wars.”
We know, it’s ridiculous.
But that’s the new reality folks, and you better get used to it.
Twitter is changing the face of media, politics and everything in between.
Never before have we had this much access to high-profile figures. It’s shifting the very nature of news and news reporting.
Media outlets go to Twitter (NYSE: TWTR) to dig up inside info and real-time updates.
These same outlets turn that info right back around and post on Twitter.
That’s one strong business model. Twitter’s created their own self-sustainable economy.
Today, it’s hard to imagine a world without Twitter. Wall Street seems to agree.
Year-to-date the stock is up 81%. Here’s the chart.
Shares pre-market trade for $43.42. Friday, the company reports its Q2 earnings. Expectations are high.
Investor’s Business Daily reports the Street estimates earnings should more than double to $0.17 with revenue rising 22% to $700 million.
Last quarter Twitter surprised, turning a profit after many months in the red. Market watchers are hoping the company can maintain this momentum.
We will know by Friday if Twitter beats estimates. But mark these words even if they don’t…
Twitter has a good thing going, and it’s a good thing that could last a long time.
Now, turning to the markets this morning…
Market Rundown for Mon., July 23
Yield on the 10-Year Treasury remains unchanged at 2.893%.
S&P 500 futures are up 0.25 at 2,801.
Oil’s up $0.69 to $68.95. Rising tensions with Iran have little effect on crude prices over the weekend.
Gold’s up slightly to $1,231.
Bitcoin goes for $7,677 this morning, according to CoinDesk. The uptrend continues, but we need to see more before we believe again. How about you?
We’ll talk again on Tuesday.
For the Rundown,