TWTR - Twitter, Inc.

NYSE - NYSE Delayed Price. Currency in USD
37.99
-0.69 (-1.78%)
At close: 4:01PM EDT

37.92 -0.08 (-0.21%)
After hours: 6:57PM EDT

Stock chart is not supported by your current browser
Previous Close38.68
Open38.78
Bid38.02 x 800
Ask37.94 x 4000
Day's Range37.82 - 38.79
52 Week Range26.19 - 45.26
Volume10,739,279
Avg. Volume14,387,246
Market Cap29.2B
Beta (3Y Monthly)0.11
PE Ratio (TTM)22.01
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Analyzing the impact of Trump's Twitter rant on extremists online
    CBS News Videosyesterday

    Analyzing the impact of Trump's Twitter rant on extremists online

    The Anti-Defamation League says President Trump's Twitter rant telling some Democratic congresswomen of color to go back to where they came from is being praised by white supremacists and extremists online. CNET senior producer Dan Patterson joined CBSN's "Red and Blue" to discuss.

  • Twitter desktop overhaul, new Snapdragon chip
    CNETyesterday

    Twitter desktop overhaul, new Snapdragon chip

    Today's major tech stories include a new desktop version of Twitter, the debut of Qualcomm's next Snapdragon CPU and Amazon Prime Day 2019 rages on.

  • Twitter didn't flag Trump's racist tweets
    Engadget6 hours ago

    Twitter didn't flag Trump's racist tweets

    Twitter said that it would label tweets from political figures that violateits rules, but it's not clear if the social network is applying that policyyet

  • Blockchain exec: Facebook's Libra could become 'the equivalent of AOL in the 1990s'
    Yahoo Finance Video9 hours ago

    Blockchain exec: Facebook's Libra could become 'the equivalent of AOL in the 1990s'

    Despite growing controversy over the crypto world’s latest big idea, some think Facebook's Libra might be a game-changer for the greater blockchain community.

  • Twitter (TWTR) Dips More Than Broader Markets: What You Should Know
    Zacks1 hour ago

    Twitter (TWTR) Dips More Than Broader Markets: What You Should Know

    Twitter (TWTR) closed at $38.01 in the latest trading session, marking a -1.73% move from the prior day.

  • Trump Says He Wants DOJ Chief Barr to Examine Google Claim
    Bloomberg6 hours ago

    Trump Says He Wants DOJ Chief Barr to Examine Google Claim

    (Bloomberg) -- President Donald Trump said he wants Attorney General William Barr to look into businessman Peter Thiel’s allegations that Google’s work with China is “seemingly treasonous.”Trump made the comments in a cabinet meeting on Tuesday after earlier saying in a tweet that Thiel is “a great and brilliant guy who knows this subject better than anyone!”“I think we’ll all look at that,” Trump said at the meeting. “We’ll see if there’s any truth” to the claim.Thiel, one of Trump’s top Silicon Valley supporters and donors, took aim at Google and the tech industry over the companies’ focus on global markets while brushing aside U.S. interests in a speech Sunday in Washington.Thiel, a Facebook Inc. board member, singled out Google for agreeing to work closely with China, trying to get its search engine back into the country, while deciding to let lapse a U.S. Defense Department contract that gave the military access to its artificial intelligence tools.A spokesman for Google said the company doesn’t work with the Chinese military but declined to comment further.Thiel argued that the kind of AI developed by DeepMind, which like Google is a subsidiary of Alphabet Inc., should be thought of as a potential “military weapon.” He then suggested Google’s actions were “seemingly treasonous,” asking whether DeepMind or Google senior management had been “infiltrated” by foreign intelligence agencies.(Updates with shares in the third paragraph.)\--With assistance from Max Chafkin.To contact the reporter on this story: Terrence Dopp in Washington at tdopp@bloomberg.netTo contact the editors responsible for this story: Michael Shepard at mshepard7@bloomberg.net, Elizabeth Wasserman, Kasia KlimasinskaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Analysts Are Turning Bullish on Snap Stock at Its Top
    InvestorPlace9 hours ago

    Analysts Are Turning Bullish on Snap Stock at Its Top

    Snap Inc. (NYSE:SNAP) stock has done very well in 2019. SNAP stock price has rallied 178%. Among stocks with a market capitalization over $10 billion, Snap Inc stock has been the fourth-best performer in 2019. Only Array BioPharma (NASDAQ:ARRY), Sea Limited (NYSE:SE), and Roku (NASDAQ:ROKU) have been better.Source: Shutterstock To be honest, I've misread SNAP stock. I thought in April that the gains had gone too far, and doubled down on that theory last month. That said, I've understood why optimism toward SNAP has risen. Its user growth is starting to show signs of life after flat-lining in 2018. Its disastrous Android app redesign has been fixed. And Snap, as I've argued for some time, has a path to significantly improve the monetization of its users, particularly overseas. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Of late, Wall Street analysts have picked up on that bull case. At least four firms have upgraded SNAP stock , and one of those upgrades sparked a big jump in SNAP stock price. But it's hard not to wonder if the Street is late to the party and if its sudden interest in Snapchat stock might signal a top. If long-bearish analysts have turned bullish, too, who can still turn bullish on Snap stock?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Snap Gets UpgradedAt least three analysts have changed their tune on SNAP stock in just the last month. In mid-June, Aegis Capital raised its target price on SNAP stock to $17 and upgraded SNAP to a "buy." The firm increased its revenue estimates, citing higher ad sales and increased use of the Android app. The firm had argued only a few months earlier that CEO Evan Spiegel should sell the company, but said in its recent note that it had decided to "walk back" that argument.The same day, well-respected tech analyst Rich Greenfield of BTIG Research upgraded SNAP stock as well, setting a price target of $20. That target became the highest among analysts covering the stock, though it's "only" about 39% above the current levels of SNAP stock. Greenfield, like Aegis, increased his top-line outlook for the company, also citing the improved monetization of its users and the growth of the Android app, in an interview with Yahoo! Finance.The two upgrades sparked a nearly 10% jump in SNAP stock price, propelling it to a 14-month high. Two weeks later, a third firm, MoffettNathanson, highlighted what it called the potential "Cinderella story" of Snap Inc, and projected a blowout Q2 earnings report in early August, driven by faster-than-expected user growth.Moffett analyst Michael Nathanson didn't upgrade SNAP stock, citing valuation. But as recently as October, the same firm had a $6.50 price target on Snapchat stock and was questioning if it would need to raise capital. The firm's change in sentiment is significant, even if kept a 'neutral' rating on the shares.Finally, Goldman Sachs jumped on the bandwagon last week, moving SNAP stock to a 'buy' with a price target of $18. That firm cited the same improving user numbers as many of its peers. Has SNAP Stock Price Reached a Top?MoffettNathanson's reversal highlights the risk to SNAP stock now. Analysts turned bearish on SNAP near its bottom: indeed, the stock hit an all-time low less than three months after MoffettNathanson's October note.Are the same analysts turning bullish at the top of SNAP stock price? It wouldn't be surprising, and there's evidence that it might be the case. SNAP stock actually has weakened modestly since Aegis and BTIG upgraded it in mid-June.The story analysts are telling isn't really surprising the bull case for SNAP even at the time of its IPO was based on user growth combined with gains in its revenue per user. The fact that Snap Inc is making progress isn't a secret, either: the company posted strong Q1 earnings.Meanwhile, Snap's better outlook is priced into Snapchat stock, at least to some extent. Again, the SNAP stock price has risen 180%+ in about six months. It's added over $13 billion in market value over that period. Snapchat's performance may have improved, but its valuation now is a question mark.Indeed, that's the case I made at $10 and then at $12. With SNAP stock above $15, the reasons for concern seem stronger. SNAP trades at more than eight times analysts' average 2020 revenue estimate, and it's not expected to report profits for at least another two years. Competition for advertising will remain fierce: Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) aren't going anywhere.The story analysts are telling may be right, as Snap Inc is improving. But SNAP stock price has tripled from its December lows, so a lot of improvement already is priced into Snapchat stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Analysts Are Turning Bullish on Snap Stock at Its Top appeared first on InvestorPlace.

  • InvestorPlace4 hours ago

    Tuesday’s Vital Data: Citigroup, Twitter and Tesla

    U.S. stock futures are flirting with unchanged this morning.Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.05%, and S&P 500 futures are higher by 0.03%. Nasdaq-100 futures have added 0.01%.In the options pits, overall volume levels sank like a stone Monday. As you would expect for such a lackluster session, calls led the way with about 15.8 million contracts traded versus only 12 million puts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe see-saw action continued in the CBOE single-session equity put/call volume ratio with a rally to 0.59. With the reading in the center of its one-month range, there aren't any signals flashing right now. The 10-day moving average held steady at 0.60.Options trading was hopping in Citigroup (NYSE:C), Twitter (NYSE:TWTR) and Tesla (NASDAQ:TSLA).Let's take a closer look: Citigroup (C)Bank earnings are taking center stage this week. Citigroup led the charge Monday morning with a solid showing. For the second quarter, the company scored $1.95 of earnings-per-share on revenue of $4.79 billion. Both measures reflected modest growth versus the year-ago quarter, where C earned $1.63 on $4.71 billion of revenue.Importantly, the profits came in passed the Street's expectations of $1.81. As has been usual with bank earnings announcements of late, the reaction did little to change the technical posture of the stock. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Citigroup remains in a slow-moving uptrend above all major moving averages. There is quite a bit of old resistance in the $72 to $75 zone making this a tough spot to build out new positions. Nonetheless, the path of least resistance remains higher.On the options trading front, calls ruled the day. Total activity ramped to 276% of the average daily volume, with 155,557 contracts traded; 70% of the trading came from call options alone.With the snoozer of a reaction, implied volatility slipped on the session to lowly 23%. That lands it at the 16th percentile of its one-year range. Volatility sellers were the winners of this quarter's earnings battle. A volatility crush and little change in the stock price is just what the doctor ordered for traders employing short volatility strategies like condors and strangles into the event. Twitter (TWTR)The recent recovery in Twitter shares accelerated with a 2.2% run yesterday. The jump carried TWTR close to a new 2-month high and signals the stock has reclaimed much of the gains scored after last quarter's earnings release.Consider $41 the next upside target. Traders don't have to wait long for the next catalyst. Its earnings announcement looms on July 26 before market open. If history is any indication, TWTR should see a big move after the event.We saw bullish activity on the options trading front as well, with traders heavily favoring calls on the session. By day's end, 189% of the average daily volume racked up, with 128,780 total contracts traded. Calls claimed 75% of the tally.The pre-earnings ramp in implied volatility continued on Monday, pushing the metric to 53% or the 41st percentile of its one-year range. Premiums are pricing in daily moves of $1.30 or 3.4%. Tesla (TSLA)The theme of accelerating momentum continued with Tesla shares. Monday's 3% jump saw heavy volume and is placing an exclamation point on the company's ongoing recovery. Since bottoming at $176.99 on June third, TSLA stock has rallied 43%. Not bad for six weeks of work.In the process, the downtrend was shattered, and both the 20-day and 50-day moving averages reversed higher. There's no doubt buyers hold the upper hand heading into the July 24 earnings announcement. Traders seeking an upside target should keep an eye on $280.That said, the stock is down just shy 2% of premarket, so the five-day rally may finally be ready for a rest. * 7 Stocks Being Inflated by Low Rates On the options trading front, puts outpaced calls on the day despite the rally. Total activity climbed to 144% of the average daily volume, with 399,042 contracts traded. Puts accounted for 59% of the trading.The ongoing recovery in its share price has really taken the wind out of implied volatility's sails. It has descended into the basement at 62%, which places it at the 21st percentile of its one-year range. Premiums are pricing in daily moves of $9.84 or 3.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Tuesday's Vital Data: Citigroup, Twitter and Tesla appeared first on InvestorPlace.

  • No, Mr. Trump, the ‘Squad' Doesn't Bother Israel
    Bloomberg14 hours ago

    No, Mr. Trump, the ‘Squad' Doesn't Bother Israel

    (Bloomberg Opinion) -- In part of his latest Twitter barrage, President Donald Trump has been accusing four first-term congresswomen of infecting the Democratic Party with anti-Israel bias. His rant has left Israelis scratching their heads.Referring to Ilhan Omar of Minnesota, Rashida Tlaib of Michigan, Ayanna Pressley of Massachusetts and Alexandria Ocasio-Cortez of New York, four women of color collectively known as “the Squad,” Trump accuses the Democrats of using “foul language & racist hatred” in an effort to delegitimize the Jewish State. “I can tell you that they have made Israel feel abandoned by the U.S.,” he tweets.Nothing could be further from the truth. Israel has never felt less abandoned by the U.S. and Trump knows it. He is, after all, the president whose policies have turned America’s historic bi-partisan embrace into a big bear hug. Like most Israelis, I appreciate Trump’s willingness to stand up for Israel in international forums, his decision to recognize Israel’s sovereignty in the Golan and the long overdue relocation the American embassy to Jerusalem. I approve of his disinclination to fall for the Palestinian narrative of the conflict at face value.But it seems the president would like to foment a civil war among Democrats, using Israel as a wedge. Donald Trump knows full well that the Democratic Party is not about to turn into a hotbed of leftist anti-Semitism and Israel bashing like Jeremy Corbyn’s Labour Party. Yes, they tend to be more sympathetic to the Palestinian cause than do Republicans. But, according to the latest Gallup Poll, Americans in general prefer Israel to the Palestinians by a 3-to-1 margin. This simple arithmetic explains why Congressional party leaders are solidly pro-Israel. You can’t win a national election in the U.S. by running against Jerusalem. And if Democrats are not great fans of Prime Minister Benjamin Netanyahu, you can hardly blame them. Bibi is a Republican in all but party registration. But if opposing Netanyahu and his right-wing brand of politics is a hate crime, nearly half of Israeli voters – and two-thirds of American rabbis – would be guilty. In truth, criticism of Israel by Democrats is usually undertaken in a tone of a wise friend advising a misguided mate to steer clear of temptation. This was the tone used by former President Barack Obama when he advised Israel to accept the U.S.-brokered Iran nuclear treaty and a two-state agreement with the Palestinians. Mainstream Democratic critics do not customarily go beyond this warmed over version of party doctrine.  This has frustrated Trump, which is why he has so eagerly jumped on the Squad. “So sad,” he tweets, “to see the Democrats sticking up for people who speak so badly of our Country and who, in addition, hate Israel with a true and unbridled passion.”A fair reading of the Squad’s criticisms of Israel does not come close to revealing passionate hatred. If you want to see what that looks like, read the recent statement of a Hamas leader in Gaza calling on his followers to murder Jews wherever they are found.  The anti-Israel rhetoric of Tlaib and Omar is more militant than that of their progressive sisters, but none have come close to expressing open support of Palestinian terrorism or for the genocidal threats by the regime in Tehran. When they have gone beyond the boundaries of good taste or credibility (Omar intimating that American Jews are loyal to Israel, Tlaib falsely claiming that Palestinians welcomed Jewish holocaust survivors in 1948) they have pleaded ignorance or fudged their remarks. Trump wants more -- and less. In one of his tweets, he called for the progressives to apologize to Israelis. This is intended to provoke an intraparty donnybrook. Israel has no interest in that, any more than it requires an apology from the congresswomen. Nothing they say about this country will be any worse than the things you can hear in Israel’s own legislature, the Knesset, every day.To contact the author of this story: Zev Chafets at zchafets@gmail.comTo contact the editor responsible for this story: Therese Raphael at traphael4@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Zev Chafets is a journalist and author of 14 books. He was a senior aide to Israeli Prime Minister Menachem Begin and the founding managing editor of the Jerusalem Report Magazine.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Financial Times16 hours ago

    Pete Buttigieg scoops largest fundraising in US Democratic race

    The 37-year-old mayor of the small Indiana city leaped to the top of the fundraising rankings after outpacing Mr Biden, the former vice-president and leader in the Democratic primary race polls, who came second with $22m, according to data from the Federal Election Commission. Elizabeth Warren, the Massachusetts senator who has risen in the polls by outlining a range of policy proposals, came third with $19.2m, pushing Bernie Sanders, the Vermont senator and top first quarter fundraiser, into fourth place with 18m. Kamala Harris, the California senator who propelled her campaign with a pointed attack on Mr Biden in the first Democratic debate last month, rounded off the top five fundraisers with $11.8m.

  • Kamala Harris Raises Nearly $12 Million in 2Q: Campaign Update
    Bloomberg19 hours ago

    Kamala Harris Raises Nearly $12 Million in 2Q: Campaign Update

    (Bloomberg) -- California Senator Kamala Harris raised $11.8 million in the second quarter, putting her fifth in fundraising among 2020 Democratic presidential candidates who filed campaign finance reports with the Federal Election Commission on Monday.Harris reported that 45 percent of her contributions came from low-dollar donors of $200 or less, and she spent $7.4 million during the quarter, leaving her $13.3 million cash on hand as of the end of June, according to her filing.South Bend, Indiana, Mayor Pete Buttigieg is the surprise leader with $24.9 million after beginning his campaign with little name recognition, followed by former Vice President Joe Biden, Massachusetts Senator Elizabeth Warren and Vermont Senator Bernie Sanders.The California senator’s campaign said it had raised $2 million after her appearance in the Democratic debate on June 27, when she challenged Biden over his record on school desegregation as a Delaware senator in the 1970s. Her campaign said she raised $3.2 million in the final three days of the quarter.Biden’s Fundraising Haul Trails Only Buttigieg’sFormer Vice President Joe Biden raised $22 million in his first two months in the 2020 Democratic presidential race, lagging the $24.9 million in second-quarter fundraising reported by upstart South Bend, Indiana Mayor Peter Buttigieg.Biden’s report with the Federal Election Commission showed that 38% of his contributions came from small-dollar donors of $200 or less. The frontrunner raised more money per day than any rival, his campaign said when it announced his fundraising numbers July 3. He spent about half of his contributions -- leaving him with $10.9 million cash on hand at the end of June, according to his FEC report.Biden, who kicked off his campaign on April 25, didn’t take any contributions toward the general election -- which campaigns can accept and hold in reserve, according to his campaign. He also reported contribution refunds of more than $540,000.Big Donors Help Fuel Trump Second-Quarter Fundraising SurgePresident Donald Trump’s campaign and joint fundraising committees reported raising a total of $68 million in the second quarter, and ended June with $80.2 million in the bank, as bigger donations began to supplant Trump’s small-dollar support, according to their filings with the Federal Election Commission.Grassroots donors, those contributing $200 or less, supplied 35% of Trump’s haul, down from 56% in January-March. Small-dollar donations totaled $23.7 million to the three committees, with the bulk, $19.5 million, received by Trump Make America Great Again Committee, which benefits the president’s campaign and the Republican party.The $108 million figure reported earlier Monday included money raised by the Republican National Committee, which doesn’t report its fundraising to the FEC until Saturday.Trump Victory, which focuses on big donors, raised $29.1 million, just shy of $30.2 million Trump MAGA tallied. Joseph Nakash, chief executive officer and co-founder of Jordache Enterprises, donated $250,000, the biggest political contribution he’s made and his first to Trump. Billionaire Phil Ruffin gave $255,200 while his wife, Oleksandra Nikolyenko-Ruffin, gave $244,800. Marvel Entertainment chairman Isaac Perlmutter and his wife, Laura, each gave $360,000.Longtime GOP donors supported Trump as well. Roofing supply billionaire Diane Hendricks gave $360,000 as did Marlene Ricketts, wife of TD Ameritrade founder Joe Ricketts. Trump’s first pick to head the Small Business Administration, Linda McMahon, gave the same amount, as did Robert “Woody” Johnson IV, the current U.S. ambassador to the U.K.Some of that money was earmarked for the Republican National Committee. The RNC announced it raised $51.3 million.Buttigieg Money Haul in Second Quarter Tops Democratic RivalsPete Buttigieg raised $24.9 million in the second quarter, the most of any candidate who has announced fund-raising totals for the period, and had $22.7 million cash on hand as of June 30 to cement his status as a top-tier 2020 Democratic presidential candidate.The fundraising haul more than tripled the amount the mayor of South Bend, Indiana, raised in the first quarter, in which he reported $7.4 million in campaign donations, according to his finance report filed Monday with the Federal Election Commission.Buttigieg’s campaign held 70 fundraisers in the second quarter, most of which focused on high-dollar donors. But he also staged events catered to grassroots supporters and generated 44 percent of his total contributions from small-dollar donors of $200 or less, according to his reportHollywood Women Donate to Warren Who Swears Off Big DonorsElizabeth Warren is attracting a host of big names in Hollywood -- even though she swore off taking money from big donors.Entertainers Jane Fonda, Scarlett Johanssen, Bette Midler and Barbra Streisandeach gave the Massachusetts senator $2,800 -- the maximum amount a donor can give to a primary campaign. Comedian Amy Schumer gave $5,600, including an additional $2,800 for the general election, should Warren win the nomination. Prolific Democratic bundler Jeffrey Katzenberg of Dreamworks Animation and his wife Marilyn Katzenberg each gave Warren got $2,800 checks.Still, small-dollar donors, those giving $200 or less, fueled 67% of Warren’s fundraising. That was just behind Vermont Senator Bernie Sanders, who got 70% of his haul from grassroots donors in the second quarter.Beto O’Rourke’s Fundraising Collapses as Poll Numbers RecedeFormer Texas Representative Beto O’Rourke’s fundraising dwindled to $3.6 million in the second quarter from $9.4 million in the early days of his presidential run, his campaign said, when he seemed like a rising star.Unlike other top 2020 Democratic presidential contenders, O’Rourke waited until Monday’s filing deadline to disclose his figures -- fueling speculation that the numbers wouldn’t be good. South Bend, Indiana, Mayor Pete Buttigieg and former Vice President Joe Biden reported early second-quarter fundraising totals of $24.8 million and $21.5 million, respectively.O’Rourke’s campaign said he received 119,888 donations with an average contribution of $30. He has met the 130,000 unique donor requirement for the fall primary debates set by the Democratic National Committee. However, his poll numbers dropped before and after a shaky performance in the June 26 debate and stand at less than 3% in recent surveys compiled by RealClearPolitics.Sanders’ Money Haul Slips in June, Claims He Has ‘More People’Senator Bernie Sanders had $27.3 million cash on hand at the end of June after raising $18 million for his Democratic presidential bid in the second quarter, slipping to fourth place from his perch as the biggest fund raiser among the 2020 contenders, according to totals the candidates have announced and campaign reports.The Vermont senator got almost 70 percent of his contributions from small-dollar donors of $200 or less, according to his report filed Monday with the Federal Election Commission, and almost all of the contributors gave $100 or less, his campaign said. Sanders also transferred $6 million from other accounts during the period.Sanders’s total roughly matched what he took in between January 1 and March 31, which had him leading the pack of Democratic candidates then in the race. But this time he’s trailing Pete Buttigieg, the mayor of South Bend, Indiana, former Vice President Joe Biden and Massachusetts Senator Elizabeth Warren.Sanders’s campaign sought Monday to differentiate his fundraising from that of his rivals, saying in an email to supporters that he’s backed by contributors that are teachers, students and workers at Walmart, while other Democrats are being funded by pharmaceutical executives, lobbyists, hedge-fund managers and “many of the people we are fighting against.”“The truth is, those folks out-raised us by a bit this time around,” the campaign said in the email. “But there’s a limit to the number of rich folks out there who can give large donations to beat us. They may have the big checks, but we have more people.”Warren’s Second Quarter Fundraising Puts Her in Third PlaceElizabeth Warren raised $19.1 million in the second quarter, putting her in third place behind Pete Buttigieg and Joe Biden among 2020 Democratic presidential candidates, according to totals the candidates have announced and campaign reports filed so far.Warren, who spent $10.5 million in the quarter, still had $19.8 million cash on hand as of June 30. Warren’s second-quarter funds came from 384,000 people, 67% of whom were small-dollar donors of $200 or less, according to her campaign and filing with the Federal Election Commission. Her fundraising surged from the $6 million the Massachusetts senator raised in the first quarter, when she spent $5.2 million.The senator’s intake compared with the surprise $24.8 million haul by Buttigieg, the South Bend, Indiana, mayor who began his campaign with little name recognition. Biden, the former vice president, raised $21.5 million since entering the race in late April.Biden Leads Close Contest in New HampshireA new survey of New Hampshire Democrats finds former Vice President Joe Biden in a close contest for the lead with Senators Kamala Harris and Elizabeth Warren.Biden had 20.8%, Harris had 17.5% and Warren had 16.7% in the poll conducted by St. Anselm College. All the results were within the margin of error of plus or minus 5.2 percentage points, meaning the three candidates are in a statistical tie.Behind them was South Bend, Indiana, Mayor Pete Buttigieg with 11.5%. Senator Bernie Sanders had 9.9% in New Hampshire, which he won in the 2016 primary.The poll suggests that the first-in-the-nation primary is wide open as Harris and Warren gain on front-runner Biden after strong debate performances.Former Representative Beto O’Rourke plummeted to 0%, according to WMUR, which reported on the survey.Gillibrand Fundraising Dipped to $2.3 MillionDemocratic presidential candidate Kirsten Gillibrand took in $2.3 million in the second quarter, down from $3 million in the first three months of the year, according to her filing with the Federal Election Commission.The New York senator, who has struggled in the polls since entering the race, ended June with $8.2 million in the bank after spending a total of $4.2 million. In addition to the money she’s raised for her presidential bid, she transferred $9.6 million from her Senate campaign in the first quarter.Gillibrand’s campaign said in an email that 65% of its online donors identified as women. The campaign said it is still on pace to hit the 130,000 donors needed to qualify for the third set of debates in September. -- Bill Allison and Mark NiquetteJulian Castro Raises $2.8M in Second QuarterFormer Housing and Urban Development Secretary Julian Castro, hoping to emerge in the crowded 2020 Democratic presidential field after a strong debate performance last month, reported raising $2.8 million during the second quarter -- more than double the $1.1 million he raised in the first three months of the year.That still puts him well behind the Democrats who have announced their second-quarter totals so far: South Bend, Indiana Mayor Pete Buttigieg at $24.8 million and former Vice President Joe Biden at $21.5 million.Castro’s filing with the Federal Election Commission showed that almost 75% of his contributions came from donors giving $200 or less. He reported $1.1 million in the bank as of June 30. Monday is the deadline for presidential candidates and committees to report their second-quarter fundraising and spending. -- Bill AllisonTrump, RNC Raise $108M in Second QuarterPresident Donald Trump’s re-election campaign and the Republican National Committee raised $108 million and have $123.7 million cash on hand, according to revised figures announced Monday. That’s more than the top five Democratic campaigns combined.“Yet another record-shattering fundraising haul gives us a major advantage over the crowded field of Democrats as the RNC continues investing in our world-class field program and growing our incredible grassroots army,” RNC Chairwoman Ronna McDaniel said.Trump’s campaign committee and two joint fundraising vehicles, Trump Victory and Trump Make America Great Again, raised a combined $56.7 million, and ended June with $80.2 million in the bank. The RNC brought in $51.3 million, preliminary numbers showed, with $43.5 million in the bank.The top five Democrats running to replace Trump -- former Vice President Joe Biden, Senators Kamala Harris, Bernie Sanders and Elizabeth Warren and South Bend, Indiana, Mayor Pete Buttigieg raised a combined $95.4 million so far.Candidates must officially report second-quarter fundraising totals to the Federal Election Commission on Monday. Campaigns voluntarily announce the amounts they raised ahead of the deadline as a demonstration of the extent of support.Last week, the Trump campaign announced fundraising figures of $105 million for the second quarter and $100 million cash on hand.Trump’s campaign had over 957,000 individual donations, of which 98% were $200 or less, with an average donation of $41.48. -- Bill AllisonDemocrats Support Work Stop by Amazon WorkersDemocratic presidential candidates are supporting a work stoppage by Amazon warehouse workers in Minnesota who are protesting working conditions during the online retailing giant’s Prime Day sale.“I fully support Amazon workers’ Prime Day strike,” tweeted Elizabeth Warren, a Massachusetts senator who has proposed breaking up Amazon. “Their fight for safe and reliable jobs is another reminder that we must come together to hold big corporations accountable.”Julian Castro, a former Housing and Urban Development secretary from Texas, also took to Twitter to express solidarity. “A company worth $1 trillion can absolutely afford to provide reasonable conditions for its employees,” he wrote.Vermont Senator Bernie Sanders, who has co-sponsored legislation that would tax Amazon, Walmart Inc. and other big employers to compensate for the federal benefits received by their workers, also jumped in.After the bill was introduced last year, Amazon announced that it would raise its minimum wage to $15 an hour.“A higher wage is only one component of the fight for workers’ rights,” Sanders wrote Monday. “Amazon workers deserve safe working conditions, fair scheduling, and reasonable production demands.”Workers at Amazon’s Shakopee, Minnesota, warehouse -- one of 100 sorting and fulfillment centers it operates nationally -- planned to walk off the job Monday on one the company’s busiest days. Amazon has become a frequent target of Democratic candidates, who have used it as an emblem of income inequality. -- Gregory KorteTrump Crushes Democratic Contenders on TwitterRetweets are not endorsements, and neither are Twitter followers. But if they were, President Donald Trump would be winning the Twitter primary.Nineteen percent of adult Twitter users in the U.S. follow @realDonaldTrump on Twitter, compared to 14% who follow one or more of his Democratic rivals, according to a new analysis by the Pew Research Center.Perhaps not surprisingly, more Republicans (31%) follow Trump than Democrats (13%). And those who follow Trump on Twitter are more likely to approve of his job performance (54% approval) than those who don’t (24%).One defining characteristic of Trump’s tweets is that he often uses the social media platform to make inflammatory or controversial statements. Over the weekend and into Monday, for example, he let loose a torrent of posts going after four Democratic lawmakers of color, at one point suggesting that the women, all but one of whom was born in the U.S., should “go back and help fix the totally broken and crime infested places from which they came.”The Pew analysis is based on a representative sample of U.S.-based Twitter users and doesn’t include overseas, spam or bot accounts. Trump has 61.9 million Twitter followers in all. The top candidate for the Democratic nomination, Vermont Senator Bernie Sanders, has 9.4 million. -- Greg KorteDemocratic Field Turns Out for Iowa AARP ForumsNineteen Democratic presidential candidates descend on Iowa this week for five days of forums hosted by the AARP and the Des Moines Register.“Older voters turn out in force in every election, so any candidate who wants to win in 2020 needs to focus on soaring prescription drug prices and other issues they care about,” John Hishta, senior vice president of campaigns for the lobbying group for older Americans, said in a statement.Monday: former Vice President Joe Biden, Senators Cory Booker and Amy Klobuchar and former Colorado Governor John Hickenlooper in Des Moines.Tuesday: Senators Kirsten Gillibrand and Kamala Harris, and former HUD secretary Julian Castro in Davenport.Wednesday: Representatives Tim Ryan and Tulsi Gabbard, and Senator Michael Bennet in Cedar Rapids.Friday: Senator Elizabeth Warren, author Marianne Williamson, former Representative Beto O’Rourke and tech entrepreneur Andrew Yang in Sioux City.Saturday: Senator Bernie Sanders, South Bend Mayor Pete Buttigieg, Montana Governor Steve Bullock and New York City Mayor Bill de Blasio in Council Bluffs.\-- Tyler PagerO’Rourke Reveals His Family Owned SlavesDemocratic presidential candidate Beto O’Rourke, who’s said he supports studying reparations for African Americans as a means of addressing the legacy of slavery and legal discrimination, now says the issue has become personal. His ancestors include slave owners.In a new Medium essay, O’Rourke said his great-great-great grandfather Andrew Cowan Jasper, in the 1850s owned two women named Rosa and Eliza, according to documents he was recently given. Another ancestor, Frederick Williams, “most likely” owned slaves in the 1860s, O’Rourke said, adding that his wife, Amy, is also a descendant of a slave owner.“Something that we’ve been thinking about and talking about in town hall meetings and out on the campaign -- the legacy of slavery in the United States -- now has a much more personal connection,” the former U.S. representative from El Paso, Texas, said in the post dated Sunday.The revelation follows an NBC News report citing U.S. Census records that found Senate Majority Leader Mitch McConnell is also a descendant of slave owners. McConnell said he opposes government reparations because slavery “happened 150 years ago” and nobody living today is responsible.O’Rourke looks at the situation differently. “They were able to build wealth on the backs and off the sweat of others,” and those benefits ultimately passed to O’Rourke and his own children, he said. -- Terrence DoppSanders, Biden Intensify Fight Over Health Care (6 a.m.)Democrats are headed into a week of sparring over health care as two leading presidential contenders prepare to intensify their fight over the issue.On Monday, front-runner Joe Biden will unveil a plan that relies heavily on defending the Affordable Care Act enacted in 2010 when he was vice president. It would give Americans the choice of a Medicare-like, public option for insurance while increasing the value of tax credits, lowering the cap on the cost of insurance and offering coverage to 4.9 million Americans in states that haven’t expanded Medicaid under Obamacare. the proposal would cost an estimated $750 billion in its first decade.Vermont Senator Bernie Sanders, who champions a “Medicare for All” government-run insurance system, plans a Wednesday speech in Washington to “confront the Democratic opponents of Medicare for All and directly challenge the insurance and drug industry.”After months of maintaining a steady grip on second place behind Biden in polls, Sanders has slid to third or fourth in some surveys, and his advisers have encouraged him to take on Biden more directly.Biden, seeking to move past missteps in the past few weeks, has become increasingly aggressive in warning that Medicare for All – also supported by two other top rivals, Senators Kamala Harris and Elizabeth Warren – would mean giving up on the hard-fought gains of Obamacare and starting from scratch.“I admire the rest of the field, from Bernie to Elizabeth to Kamala who want, you know, Medicare for All, but let me tell you, I think one of the most significant things we’ve done in our administration is pass the Affordable Care Act,” Biden said Saturday in New Hampshire. “I don’t know why we’d get rid of what in fact is working and move to something totally new.”Biden also highlighted over the weekend that Medicare for All would need to be funded with tax increases for middle-income Americans, something that Sanders openly acknowledges. But Sanders maintains that his plan would ultimately save consumers money because they’d no longer have to pay other costs.“Obviously what Biden was doing is what the insurance companies and the pharmaceutical industries, Republicans, do: ignoring the fact that people will save money on their health care,” Sanders said in an interview with the New York Times published Sunday. “They will no longer have to pay premiums or out-of-pocket expenses. They will no longer have high deductibles and high co-payments.” -- Jennifer EpsteinCory Booker Unveils Health Care PlanSenator Cory Booker rolled out a plan Monday to expand Medicaid long-term care services to those with assets up to $200,000 and income as high as 300% of the federal poverty level.People above those thresholds would also be allowed to buy into the program, an initiative aimed at allowing every American to live at home while aging, according to a white paper from his presidential campaign.The proposal, which Booker is set to discuss at an AARP forum in Des Moines, Iowa, on Monday, would include raising Medicaid funding for direct care workers and paying them at least $15 per hour.“In one of the richest nations in the world, no person should ever go broke or have to quit their job to afford long-term care or to take care of a loved one,” Booker said.Health care is a focal point of the Democratic policy debate as candidates clash over bigger ideas like Medicare for all and offering a “public option” for insurance, both of with Booker has endorsed as ways to expand coverage. -- Sahil KapurComing Up This Week:Nineteen of the two dozen or so Democratic candidates will participate in AARP’s five forums in Iowa between Monday and Saturday.The Tuesday event in Davenport will feature Senators Kirsten Gillibrand and Kamala Harris, and former HUD secretary Julian Castro.The Wednesday event in Cedar Rapids will feature Representatives Tim Ryan and Tulsi Gabbard, and Senator Michael Bennet.The Friday event in Sioux City will feature Senator Elizabeth Warren, author Marianne Williamson, former Representative Beto O’Rourke and tech entrepreneur Andrew Yang.The Saturday event in Council Bluffs will feature Senator Bernie Sanders, South Bend Mayor Pete Buttigieg, Montana Governor Steve Bullock and New York City Mayor Bill de Blasio.\--With assistance from Sahil Kapur, Jennifer Epstein, Terrence Dopp, Tyler Pager, Gregory Korte and Bill Allison.To contact the reporters on this story: Mark Niquette in Columbus at mniquette@bloomberg.net;Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Sara Forden, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reutersyesterday

    UPDATE 1-House Intelligence chief presses social media companies on deepfake policies

    U.S. House of Representatives Intelligence Committee Chairman Adam Schiff on Monday pressed major social media companies on how they plan to handle the threat of deepfake images and videos on their platforms ahead of the 2020 elections. The Democratic congressman wrote letters to the chief executives of Facebook Inc, Twitter Inc and Google, which owns YouTube, asking about the companies' formal policies on deepfakes and their research into technologies to detect the doctored content. Facebook spokesman Andy Stone confirmed the company had received the letter and said it would respond to Schiff accordingly.

  • Buy Twitter (TWTR) Before Q2 2019 Earnings?
    Zacksyesterday

    Buy Twitter (TWTR) Before Q2 2019 Earnings?

    Twitter (TWTR) stock gained around 2.2% through Monday. The social media company's stock continues to post positive gains leading up to its earnings report on July 26. YTD, TWTR is up over 34%.

  • CyberArk Breaks Out; Twitter, Salesforce Lead Top Stocks Near Buy Points
    Investor's Business Dailyyesterday

    CyberArk Breaks Out; Twitter, Salesforce Lead Top Stocks Near Buy Points

    CyberArk broke out Monday. Twitter, Salesforce.com, Match Group and Autodesk are near buys. All are above key support and in bullish groups.

  • Facebook’s Crypto Woes Deepen as Mnuchin Joins Parade of Critics
    Bloombergyesterday

    Facebook’s Crypto Woes Deepen as Mnuchin Joins Parade of Critics

    (Bloomberg) -- Facebook Inc. faced its latest Washington crisis Monday, with Treasury Secretary Steven Mnuchin joining a parade of policy makers and politicians who’ve bashed its proposed cryptocurrency, demonstrating the hurdles the company must overcome to ever make the token a reality.Speaking from the White House, Mnuchin said he has serious concerns about the national security implications of Facebook’s coin and other virtual currencies. He said the potential for money laundering and other illicit activities is high, and vowed that Treasury would crack down on law breakers when it finds them.“This is indeed a national security issue,” Mnuchin said in a briefing for reporters at the White House. “We will not allow digital asset service providers to operate in the shadows.”Bitcoin pared an earlier decline after Mnuchin’s comments, and was down 9.6 percent to $10,765.78 at 2:42 p.m. in New York.Many CriticsHe is far from the first official to express skepticism. President Donald Trump took to Twitter July 11 to criticize Facebook’s effort, saying he’s not a fan of Bitcoin and that cryptocurrencies are often used to facilitate “unlawful behavior.” And some of Trump’s staunchest foes in Congress, including Representative Maxine Waters, have also faulted Facebook, going so far as to demand that the company halt all work on the coin, called Libra.Federal Reserve Chairman Jerome Powell chimed in last week, telling lawmakers that he has “serious concerns’’ about the token and cast doubt on Facebook’s timeline for launching it by next year.The opposition from both Republicans and Democrats might put fresh pressure on Facebook -- already under fire in Washington over scandals tied to data privacy -- to assess whether its cryptocurrency is worth it. The fireworks will start again tomorrow when the company faces a hearing before the Senate Banking Committee followed by another Wednesday before the House Financial Services Committee.In prepared remarks before the Senate panel, the top Facebook executive working on Libra, David Marcus, went further than the company has previously to try to assuage policy makers’ concerns that the coin could be a threat to the financial system.Read More: Facebook’s Crypto Plan Unites Trump and Democrats in DisdainMarcus said the token won’t launch until regulatory questions are fully addressed and he added that Facebook will get “appropriate approvals.” He said the coin isn’t isn’t intended to compete with countries’ sovereign currencies and won’t interfere with central banks on monetary policy.“The time between now and launch is designed to be an open process and subject to regulatory oversight and review,” Marcus wrote. “We know we need to take the time to get this right. And I want to be clear: Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals.”In his remarks, Mnuchin said that Treasury’s Financial Crimes Enforcement Network “will hold any entity that transacts in Bitcoin, Libra or any other cryptocurrency to its highest standards.” He broadly criticized cryptocurrencies, echoing Trump, who said in his series of tweets last week that they are “not money.”“Bitcoin is highly volatile and based on thin air,” Mnuchin said. “We are concerned about the speculative nature of Bitcoin and will make sure that the U.S. financial system is protected from fraud.”Crypto AnxietyMnuchin said he would address the issue with the finance ministers from other major global economies at a Group of Seven summit in France this week. He’s also discussed the issue “extensively” with the Fed’s Powell, he said.The sentiment poses risk for the broader digital coin industry. In the run-up to this week’s hearings, a number of competing digital coin companies are distancing themselves from Facebook. Some industry groups are also conducting briefings for congressional staff, pointing out that Facebook’s plan is light on details and not necessarily representative of all tokens.For Facebook, Mnuchin indicated that U.S. approvals may take a while.“They and others have a lot of work to do before they get us comfortable,” he said. But he said the company is “being very candid with the administration and where they are.”Trump said four days ago that companies issuing cryptocurrency, including Facebook, should be subject to banking regulations.Mnuchin said the president has “legitimate concerns.” He advised investors to “be careful” before purchasing Bitcoin or other cryptocurrencies. “There’s a lot of good things to invest in,” he said.“I have no idea why Bitcoin trades where it is,” Mnuchin said. “I’m not commenting whether it’s high or it’s low.”\--With assistance from Robert Schmidt, Austin Weinstein and Ben Bain.To contact the reporters on this story: Josh Wingrove in Washington at jwingrove4@bloomberg.net;Margaret Talev in Washington at mtalev@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Jesse Westbrook, Jillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • JPMorgan, Jefferies Foresee Limited Upside for Global Stocks
    Bloombergyesterday

    JPMorgan, Jefferies Foresee Limited Upside for Global Stocks

    (Bloomberg) -- Stocks may not have more room to run going by the way investors are placing their bets, according to JPMorgan Chase & Co. The view is shared by Jefferies, which recommends investors pause for a breather.Global equities could climb as much as 8% if bond valuations remain where they are and investors become the most overweight since September, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note July 12. That’s likely true even if the Federal Reserve cuts rates by more than what markets have factored in, as occurred in 1995 and 1998, they said.“Our position-based analysis points to limited upside for equities from here even if the 1995/1998 insurance-rate-cuts scenario plays out over the coming months,” the strategists wrote. “And any equity upside would become even more limited if bond markets fail to sustain their H1 gains.”Comparing global M2, or the cash balance of non-bank investors, with equity and bond holdings held by them, reveals a 20.8% bond allocation that’s above the post-Lehman Brothers historical mean, the strategists wrote. The exposure to stocks at 43.6% is higher than the post-Lehman collapse average of 40%.“Investors globally are rather overweight equities especially compared with the post-Lehman period,” the strategists wrote.Jefferies notes that recent flows into equity funds have been almost absent and earnings revisions haven’t bottomed out. Those factors may cause this year’s rally to pause, global equity strategist Sean Darby wrote in a note dated July 15.Equity investors have enjoyed strong gains so far in 2019, with the S&P 500 up 20% and the MSCI All-Country World Index gaining 16% through July 12, as the Fed pivoted to dovishness, and recently signaled likely rate cuts. Also, investors’ worst fears about trade tensions haven’t yet been realized and the American economy is still showing some strength. The U.S. 10-year Treasury yield is down more than 50 basis points this year. It was at 2.09% as of 1:40 p.m. in New York, while the S&P 500 was little changed at 3,011.26.While a 25-basis point reduction by the Fed has been priced in, the move “will accomplish nothing aside from temporarily sating market expectations and quieting the White House Twitter account,” Darby said. “The weaker parts of the U.S. economy – fixed investment and manufacturing – are being affected by trade tensions.”Jefferies said a self-reinforcing feedback loop has emerged, where markets are leading central bankers rather than the other way round.“The bottom line is that we would issue a ‘pause’ on the risk rally,” Darby wrote.(Updates market moves in seventh paragraph.)To contact the reporters on this story: Joanna Ossinger in New York at jossinger@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cruz, Hawley Want the FTC to Probe Social Media Content Curation
    Bloombergyesterday

    Cruz, Hawley Want the FTC to Probe Social Media Content Curation

    (Bloomberg) -- Two key Republican senators pressed the Federal Trade Commission to investigate how Facebook Inc., Alphabet Inc.’s Google and Twitter Inc. decide what content appears on their social media platforms, calling the companies’ power a potential threat to democracy. Senators Ted Cruz of Texas and Josh Hawley of Missouri made their demand in a letter sent to the FTC on Monday, a day before a hearing by a Senate panel into social media bias that will feature testimony from a top Google executive. The letter and hearing come just days after President Donald Trump aired similar grievances at a White House summit of conservative tech critics, fringe social media voices and GOP lawmakers including Hawley. “Big tech companies like Google, Facebook, and Twitter exercise enormous influence on speech,” the two Republican senators wrote in the letter, which Hawley’s office provided. “They control the ads we see, the news we read, and the information we digest. And they actively censor some content and amplify other content based on algorithms and intentional decisions that are completely nontransparent.”The request comes as Republicans increasingly allege that the companies engage in systematic anti-conservative bias, an unsupported claim. But the possibilities for abuse “are alarming and endless,” including potentially swaying elections, the senators said.Like Trump, both senators have been vocal about claims that social media silences conservatives. Cruz, chairman of the Senate Judiciary Subcommittee on the Constitution, is scheduled to hold a hearing Tuesday on Google’s “censorship.” The company’s global policy chief, Karan Bhatia, will testify, he said in a Monday opinion piece.“We go to extraordinary lengths to build our products and enforce our policies in such a way that political leanings are not taken into account,” Bhatia wrote in Fox News.All three companies have previously said they don’t make content decisions based on politics, though they have acknowledged occasional mistakes in taking down or limiting the reach of content or accounts of conservatives.“Importantly, these mistakes have affected both parties and are not the product of bias,” Bhatia wrote in his opinion piece. Spokesmen for Facebook and Twitter declined to comment on Monday.Cruz has said his views are based on anecdotes rather than rigorous data, which he blames on the opaque nature of the companies’ decisions regarding content.Hawley has previously proposed legislation that would require tech platforms to prove to the FTC that they’re politically neutral in their content decisions if they want to keep a key liability shield that protects them from lawsuits over content that third parties post on their platforms. Hawley was the featured speaker during Trump’s summit, during which the president called his bill “very important.”Almost 65% of Republicans or those who lean Republican believe big tech companies support liberal views over conservative ones, and 85% think it’s at least somewhat likely the companies are intentionally censoring political viewpoints, according to a Pew Research Center survey from last year.The FTC has authority to collect non-public information from companies and study matters related to competition and consumer protection, even if the issue isn’t related to a law enforcement matter. It has opened an investigation into how Internet service providers collect and use consumer data, and the agency has also started a task force to probe potentially anti-competitive conduct by tech giants.The Justice Department and FTC also have taken the first steps toward specific investigations of four big tech firms for antitrust violations. The Justice Department has taken responsibility for Google and Apple Inc., while the FTC will oversee Facebook and Amazon.com Inc.(Updates with Google response from fifth paragraph)\--With assistance from David McLaughlin.To contact the reporter on this story: Ben Brody in Washington at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Mark Niquette, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.comyesterday

    Twitter’s Earnings Could Bring Pyrotechnics. Here’s How to Play the Results.

    The stock could enter a higher trading range if investors like the results, but Twitter shares could take a hit if they don’t. The figures are due on July 26.

  • 10 Amazon Prime Day Memes to Post on Social Media
    InvestorPlaceyesterday

    10 Amazon Prime Day Memes to Post on Social Media

    Amazon Prime Day memes are all over the place thanks to the big sale.Source: Shutterstock Amazon's (NASDAQ:AMZN) Prime Day being here means that customers can shop for special deals on the e-commerce platform. However, a troubled past has resulted in people being a bit cynical about the sale event. You'll see that reflected in many of the memes we are sharing today.Even with all the negativity around Amazon Prime Day, that doesn't mean there still aren't deals to be had. Just don't go crazy and end up buying a bunch of things you don't need just because they were on sale. After all, it's only saving money if the purchase you're making has a point to it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou can check out the following gallery for a collection of Amazon Prime Day memes to share on Facebook (NASDAQ:FB), Instagram, Twitter (NYSE:TWTR) and other forms of social media.Amazon Prime Day Memes to Share Online * 7 Dependable Dividend Stocks to Buy Amazon Prime Day Memes to Share OnlineAmazon Prime Day Memes to Share Online * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Amazon Prime Day Memes to Share OnlineAmazon Prime Day Memes to Share Online * 10 Stocks to Sell for an Economic Slowdown Amazon Prime Day Memes to Share OnlineAmazon Prime Day Memes to Share Online * 7 Retail Stocks to Buy for the Second Half of 2019 Amazon Prime Day Memes to Share OnlineAmazon Prime Day Memes to Share Online * 10 Best Stocks for 2019: A Volatile First Half Amazon Prime Day Memes to Share OnlineAs of this writing, William White did not hold a position in any of the aforementioned securities.The post 10 Amazon Prime Day Memes to Post on Social Media appeared first on InvestorPlace.

  • Are Investors Getting Too Bullish on Twilio Stock?
    InvestorPlaceyesterday

    Are Investors Getting Too Bullish on Twilio Stock?

    What a stellar year 2019 has been so far for the owners of Twilio (NYSE:TWLO) stock! We are increasingly living in an interconnected world in which companies need to digitally communicate with their clients non-stop. A leader in the communication platform-as-a-service (CPaaS) sector, TWLO has benefited from that trend, enabling Twilio stock to surge 63% in 2019.Source: Shutterstock TWLO is expected to report its Q2 earnings on Aug. 5. Let us now look at what investors can expect in the second half of the year from TWLO stock. How Does Twilio Make Money?TWLO's cloud communications platform helps small, medium and large enterprises improve their apps and their digital interactions with their customers. Several of its well-known clients include Coca-Cola (NYSE:KO), Lyft (NASDAQ:LYFT), Netflix (NASDAQ:NFLX), Twitter (NYSE:TWTR), and Yelp (NASDAQ:YELP).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy As of Mar. 31, the company had 2019154,797 active customer accounts (ACAs), compared to 53,985 a year earlier. In fact, the number of active customers using Twilio's platform to communicate with their clients has increased four-fold in about four years. As TWLO attracts more customers to its platform, its recurring software-as-a-service (SaaS) revenue continues to rise.On Apr. 30, Twilio released its Q1 results. Its revenue increased 81% year-over-year (YoY) in Q1, to $233 million. In Q1, its top line rose 14% versus the fourth quarter of 2018.Part of the reason for the company's Q1 revenue gain was its acquisition of cloud-based email services leader SendGrid, which closed on Feb. 1.The owners of TWLO stock were also pleased by the fact that the company raised its full-year guidance in conjunction with its Q1 results. Management now expects its 2019 revenue to be between $1.102 billion and $1.111 billion, up from $1.065 billion to $1.077 billion. Similarly the company is calling for adjusted earnings per share of 11 cents to 13 cents, up from 8 cents to 11 cents previously.TWLO 's revenue growth should accelerate for the rest of the year. As a result, the leading provider of in-app communication solutions is setting the bar quite high for its next earnings report. What Could Derail TWLO Stock?Twilio is regarded as a high-growth company and as a disruptor in its field. And many analysts agree that its best days are possibly ahead. However, Wall Street is also getting concerned about the rich valuations of Twilio stock.Different analysts may use different metrics to gauge the relative value of companies in different industries. One metric they use is price-sales (PS) ratio. The PS ratio of TWLO stock is over 19.5.Analysts prefer a low PS ratio, ideally below one. However, a PS number between one and two is more common. To put the metric into perspective, the S&P 500 index's average price-sales ratio is 2.1.Another way to analyze a stock's valuation is to compare its valuation to that of other companies in similar industries or segments. In general, SaaS stocks are richly valued. Our readers may be interested to know that the PS ratio for the cloud computing giant Salesforce.com (NYSE:CRM) is 8.8, while Veeva (NASDAQ:VEEV) and Workday (NASDAQ:WDAY), two other SaaS stocks, have P/S ratios of about 16 and 30, respectively.Although the PS ratio of TWLO stock is very high, investors should also remember that PS is only one of many valuation metrics. Moreover, the metric does not take into account the profitability or costs of Twilio.Twilio is also facing increasing competition on multiple fronts from several enterprise software companies, including Salesforce.com and Bandwidth (NASDAQ:BAND). The digital communications revolution is here to stay, but the space TWLO operates in is fiercely competitive. The History of TWLO StockTwilio went public in June 2016 at an opening price of $23.99. By Sep. 2016, the price of TWLO stock was hovering around $70.However, on May 8. 2017, Twilio stock reached an all-time low of $22.80. After trading in a narrow range in the next six months, in 2018, Twilio stock began its huge rally.Then came the market selloff during the last quarter of 2018. The decline, which hit the tech sector especially hard, was seen as an important signal that investors were no longer willing to be exuberant about expensive technology stocks. On Christmas Eve, TWLO stock reached an intraday low of $73.15Over the past 12 months, TWLO stock price has surged over 140%. On June 20, it reached an all-time high of $151. In other words, Twilio stock has run up quite far, quite fast. And its current price is about 100% above where it was on Dec. 24, 2018.Those investors who follow short-term technical charts will be interested to know that TWLO stock has spent a good portion of 2019 in overbought territory. It is possible that some profit-taking may negatively impact Twilio stock in the near future, possibly prior to its Q2 earnings report.TWLO is a growth stock and a speculative stock. Therefore, in the coming weeks, I expect Twilio to be a battleground between investors and traders. While long-term investors would like to see TWLO stock exceed and stay over the $150 level, traders are likely to keep it between $125 and $145.As long as Twilio remains in a long-term uptrend, investors may continue to buy TWLO stock on dips. However, if prolonged profit-taking sends Twilio stock below $110, the validity of the long-term uptrend would need to be re-evaluated. And in the wake of such a decline, it may be some months before TWLO stock price sets fresh records. The Bottom Line on Twilio StockIn a few weeks, analysts will likely scrutinize Twilio's fundamentals to see if the stock offers any further positive catalysts that may help keep TWLO stock price sizzling in the second half of the year. Any sign that TWLO's growth outlook is not as strong as expected in Q3 or Q4 may be enough to spook Wall Street, sending TWLO stock price lower.Therefore, investors who do not yet have a position in the stock may want to wait until TWLO's earnings report in early August before buying TWLO stock. Doing so will give them a better view of the developments affecting the industry in general and the company in particular.Those investors who already own Twilio stock may consider taking some money off the table or hedging their positions. Such a hedge would limit their downside risk in the event the market drops or if the bullish thesis on TWLO stock ends up being wrong,.As for hedging strategies, covered calls or put spreads with Aug. 16 or Oct. 18 expiration dates could be appropriate, as straight purchases of put options are likely to be expensive due to heightened volatility. Investors who choose this route can reevaluate their long positions after TWLO reports its earnings.Well-performing stocks tend to keep on winning, and the recent strength of Twilio stock might be a good indication that within three or four years, investors who buy TWLO stock on weakness are likely to be rewarded handsomely.As of this writing, the author holds KO covered calls that expire on July 19. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Are Investors Getting Too Bullish on Twilio Stock? appeared first on InvestorPlace.

  • Trump Continues Attack on Congresswomen After Telling Them to ‘Go Back’
    Bloombergyesterday

    Trump Continues Attack on Congresswomen After Telling Them to ‘Go Back’

    (Bloomberg) -- President Donald Trump continued his attack Monday on four female Democratic lawmakers, led by Alexandria Ocasio-Cortez of New York, after his call for them to “go back” to where they came from was met with outcries of racism by Democrats -- and pushback from several Republicans.Three of the four women Trump was apparently referencing were born in the U.S.; none is white. The comments came as U.S. authorities prepared raids to round up undocumented immigrants for deportation.Republicans largely remained silent on the issue. Representative Chip Roy, a Texas Republican, said on Twitter that Trump “was wrong” to make the remark. One of Trump’s key allies in Congress, GOP Senator Lindsey Graham of South Carolina, offered his own advice to the president. “Mr. President you’re right about their policies, you’re right about where they’ll take the country. Just aim higher,” Graham said on Fox News.Senator Pat Toomey, a Pennsylvania Republican, said Trump’s statement was “wrong.” “We should defeat their ideas on the merits, not on the basis of their ancestry,” Toomey said in a statement.The tweets from Trump started Sunday and continued Monday morning and seemed aimed at first-term Representatives Ocasio-Cortez of New York, Rashida Tlaib of Michigan, Ilhan Omar of Minnesota and Ayanna Pressley of Massachusetts. “The Squad,” as the progressive quartet is known, has been engaged in an intra-party dispute with House Speaker Nancy Pelosi.Trump said the lawmakers “originally came from countries whose governments are a complete and total catastrophe” and should go back and help fix the countries and “then come back and show us how it is done.”Trump later returned to Twitter to say it was “sad to see the Democrats sticking up for people who speak so badly of our Country and who, in addition, hate Israel.”On Monday, Trump said in a tweet the “Radical Left Congresswomen” should apologize to “our Country, the people of Israel and even to the Office of the President, for the foul language they have used, and the terrible things they have said.”Trump on Monday told reporters at the White House his comments were “not at all” racist. Trump campaign spokesman Tim Murtaugh said on Twitter that the president “loves this country & doesn’t like it when elected officials constantly disparage it & spew anti-Semitic rhetoric” and called on Democrats to get rid of “anti-Semitism in their ranks.”Trump’s comments come as U.S. immigration officials prepare to conduct raids in about ten cities around the U.S. to round up individuals who’ve received deportation orders, and as reports continue to circulate about poor conditions for migrants in U.S. detention facilities on the U.S. border with Mexico.The Trump administration also said Monday that it was going to end asylum protections for most Central American migrants who cross the U.S. southern border.In response, Pelosi called the president’s tweets “xenophobic comments meant to divide our nation,” and Democratic Representative Ben Ray Lujan of New Mexico decried “a racist tweet from a racist president.”Ocasio-Cortez sent four tweets of her own, saying Trump was “angry” because he doesn’t “believe in an America” where women like those in the Squad are elected to Congress.“You are angry because you can’t conceive of an America that includes us. You rely on a frightened America for your plunder,” she said.Pressley said on Twitter “THIS is what racism looks like. WE are what democracy looks like. And we’re not going anywhere.” Omar said Trump was “stoking white nationalism bc you are angry that people like us are serving in Congress and fighting against your hate-filled agenda.”Tlaib was also blunt: “Want a response to a lawless & complete failure of a President?” she tweeted. “He is the crisis. His dangerous ideology is the crisis.”Democratic presidential hopefuls also weighed in. New York Mayor Bill de Blasio said that “unfortunately, there’s an American tradition of telling people to go back to where they came from” and that Trump was trying to “gin up his base” by keeping Americans divided.“You don’t expect to hear it from the president of the United States,” de Blasio said on CNN’s “State of the Union” on Sunday.Lujan, assistant Speaker and a member of the Hispanic Caucus in the House, became emotional on “Fox News Sunday” when shown Trump’s tweet. “That is a racist tweet. Telling people to go back where they came from? I think that’s wrong,” he said.Representative Brendan Boyle, a Pennsylvania Democrat, noted in a tweet that “I’m young, from an immigrant family, also very critical of Trump. Funny thing though, he never tells me to ‘go back where I come from.’ Hmm I wonder why?”Republicans mostly tried to stay out of the fray.Graham, on Fox, encouraged Trump to “aim higher,” but went on to call the agenda of the four lawmakers “disgusting” and label them “communists,” “socialists” and “anti-Semitic.”Pelosi last week told the New York Times that the vocal freshmen lawmakers were just “four people” among the Democratic House majority after a party split over a $4.6 billion border funding bill.Among the lawmakers implied in Trump’s tweet, only one -- Omar, 37 -- was born outside the U.S. She migrated as a young girl with her Somalian family after spending four years in a refugee camp. Tlaib, 42, the first Palestinian-American woman elected to Congress, was born in Detroit.The 45-year-old Pressley, an African-American, was born in Cincinnati and raised in Chicago. Ocasio-Cortez, 29, was born in New York to parents of Puerto Rican origin.Trump’s comments echo the bigoted shouts that minorities hear daily to “go back where you came from,” said Nihad Awad, national executive director of the Council on American-Islamic Relations.“If Trump shouted the same thing at a Muslim woman wearing hijab in a Walmart, he might be arrested,” Awad said in a statement.Former Secretary of State Hillary Clinton, defeated by Trump in 2016, also responded to Trump’s tweet: “They’re from America, and you’re right about one thing: Currently their government is a complete and utter catastrophe.”(Updates with Trump comments in ninth paragraph.)To contact the reporters on this story: Margaret Talev in Washington at mtalev@bloomberg.net;Ros Krasny in Washington at rkrasny1@bloomberg.netTo contact the editors responsible for this story: Craig Gordon at cgordon39@bloomberg.net, Elizabeth Wasserman, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Twitter Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Dailyyesterday

    Is Twitter Stock A Buy Right Now? Here's What Earnings, Charts Show

    Is Twitter stock a buy now? Check out the stock's fundamental and technical metrics to figure out if the stock should be on your watchlist.

  • Bitcoin Tumbles as Trump Critique Tests Stellar Run for 2019
    Bloombergyesterday

    Bitcoin Tumbles as Trump Critique Tests Stellar Run for 2019

    (Bloomberg) -- Bitcoin slumped briefly below $10,000 on Monday, following another weekend sell-off that saw some digital tokens plunge by more than 20%.The largest cryptocurrency fell as much as 17% from Friday before paring its drop to 11% at $10,571 as of 11:50 a.m. in New York, according to Bloomberg composite pricing. Other highly traded coins also retreated: Ethereum declined 17% and Litecoin fell 13%.The tumble comes days after U.S. President Donald Trump criticized digital coins on the heels of this year’s stellar rally. Trump wrote on Twitter on Thursday that he is “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” adding that “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”Read about weekends as the “Wild West” for Bitcoin.Bitcoin “continues to trade lower as comments from President Trump put downward pressure on the cryptocurrency,” said Alfonso Esparza, senior market analyst at Oanda Corp. in Toronto. Drawing Trump’s ire means “it could fall further to $8,000, giving back all the gains made in June.”Bitcoin initially climbed after Trump’s comments, but has since more than erased the gains.Technical indicators were ominous, too. The GTI Vera Convergence Divergence indicator, which detects positive and negative trends, flashed a sell signal as Bitcoin hovered around $10,000.Though it remains the key support line for the coin, a sustained break below that threshold could signal further losses ahead. The last time the indicator flashed a sell signal -- in early June -- Bitcoin dropped about 10% over the subsequent two trading sessions.(Adds GTI Vera indicator paragraphs.)\--With assistance from Todd White, Olivia Rinaldi, Vildana Hajric, Brendan Walsh and Kenneth Sexton.To contact the reporter on this story: Joanna Ossinger in Singapore at jossinger@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Adam Haigh, Yakob PeterseilFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Facebook's Crypto Plan Unites Trump and Democrats in Disdain
    Bloombergyesterday

    Facebook's Crypto Plan Unites Trump and Democrats in Disdain

    (Bloomberg) -- It’s long seemed that nothing could unite President Donald Trump and Democrats on Capitol Hill. Then Facebook Inc. decided to create a cryptocurrency.Washington’s bipartisan distrust of the social-networking giant will be on display this week as it defends the digital-money proposal in two congressional hearings. In a sign that the testimony is likely to be an ordeal for Facebook, Trump took to Twitter on Thursday to bash the effort.The presidential lashing was just the latest setback for Facebook, which rolled out its plan for a token called Libra in June –- a move that many policy makers called hubristic and ill-timed, considering the political turmoil that continues to swirl around the company. Last week, Facebook agreed to pay about $5 billion in a record privacy settlement with the Federal Trade Commission.Facebook’s traditional pre-hearing courtesy visits to discuss Libra in the House and Senate aren’t going well, according to interviews with lawmakers and congressional staff. While the company has taken pains to describe its initiative in utopian and futuristic terms, lawmakers have been more interested in data security, the company’s awesome market power and why it decided to base the operation outside the U.S.Facebook’s Libra Crypto Coin: 5 Things We Know, and 5 We Don’t“Look at their arrogance, look at their role in the 2016 presidential campaign, look at the fact that they’ve rarely shown any contrition on much of anything,’’ Senator Sherrod Brown of Ohio, the Banking Committee’s top Democrat, said in an interview. “There’s going to be a group of us that’s going to demand some real information.’’Complaints about Libra haven’t just come from politicians. Trump-appointed Federal Reserve Chairman Jerome Powell told lawmakers last week he has “serious concerns’’ about the token and cast doubt on Facebook’s timeline for launching it by next year. He also warned that the U.S. regulatory system may not be equipped to handle the enormous digital payment system envisioned by Facebook, which has more than 2 billion users.Democrats, including Financial Services Committee Chairwoman Maxine Waters of California, have already demanded that the company put its plans on hold while Congress investigates. Republicans, though less vocal, also haven’t been supportive.Power to DominateThe controversy around the project, however unwanted by Facebook, nevertheless highlights the company’s power to dominate policy debates and, to some extent, set the agenda in Washington. Until Facebook jumped in a few weeks ago, cryptocurrency was more of a fringe issue that attracted an unusual crowd of libertarians, speculators and blockchain geeks. Many in Congress were uninterested.The stakes are high for both Facebook and the broader digital coin industry as David Marcus, a top executive at the company, prepares to testify before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday.In his prepared remarks, released by the Senate panel Monday, Marcus acknowledged the extensive criticism and pledged to work closely with regulators and governments across the globe. He also addressed one of Washington’s top concerns, saying Libra isn’t intended to compete with national currencies or interfere with central banks on monetary policy. “We know we need to take the time to get this right,” Marcus said in the testimony. “And I want to be clear: Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals.”Existing LawsMarcus, whose preparation has included a mock hearing, also told the senators that while Facebook has spearheaded the Libra project, it’s not acting alone. The company has said that it envisions a governing body that would include at least 100 organizations. There are currently 28 listed as founders for the Libra Association, although none has paid the $10 million entrance fee.Libra, he added, will help consumers across the world transfer money much more efficiently and cheaply. And, Marcus warned that if “we fail to act, we could soon see a digital currency controlled by others whose values are dramatically different.” Though he didn’t offer specifics, the People’s Bank of China has already said it’s developing a digital currency.Facebook has been making similar arguments in briefings with lawmakers and congressional aides, according to interviews. The major companies that have partnered with Facebook on the project, including Mastercard Inc., Visa Inc. and Uber Technologies Inc., have been mostly silent about Libra and largely absent from the lobbying effort.Few details on Libra have been disclosed beyond a 12-page white paper issued in June, which said Libra will be built on a new blockchain infrastructure accessible from anywhere in the world. Facebook and its partners have set up a non-profit organization in Switzerland to oversee the payment network. The token will be backed by a reserve of bank deposits and short-term government securities.Trump, in his tweets last week, said he’s “not a fan” of digital coins in general because of their potential use in criminal activity. As for Libra, Trump wrote that it “will have little standing or dependability.” He added that if Facebook really wanted to get into finance it should become a bank -- and be regulated like one.Though the price of Bitcoin and some other cryptocurrencies has gained on the surge in mainstream interest in the concept, a number of competing digital coin companies are distancing themselves from Facebook. Some industry groups are also conducting briefings for congressional staff, pointing out that Facebook’s plan is light on details and not necessarily representative of all tokens.Libra is more of a “company-issued asset” rather than than a true cyptocurrency like Bitcoin, said Coin Center Executive Director Jerry Brito, who’s been involved in some of the meetings on Capitol Hill. A key complaint among purists has been that Libra isn’t decentralized. “There is no company that issues Bitcoin,” Brito added.$5 Billion SettlementBlockchain Association Director Kristin Smith, whose group represents several large crypto companies, said she’s generally not opposed to Facebook’s entrance into the market. She acknowledged, however, that there’s a lot of potential risk.“It’s mixed,” she said. “We certainly don’t want the whole industry to become associated with some of the issues that Facebook has had as a company in the past.’’Along with complaints that it allowed Russia to hijack its platform to support Trump’s election campaign, the company has also drawn fire for numerous consumer privacy breaches. The $5 billion FTC settlement, which still needs final approval from the U.S. Department of Justice, resolves an investigation stemming from Facebook’s involvement with Trump campaign consultant Cambridge Analytica.Need to ClarifySmith attended a news conference at the Capitol last week with four moderate Democratic and Republican members of the House who are strongly supportive of the financial technology industry. They, too, weren’t leaping to endorse the Libra project.Representative Josh Gottheimer, a New Jersey Democrat who sits on the financial services panel, said at the event that he hopes the focus on Facebook’s proposal will prompt lawmakers to consider legislation that clarifies the regulatory landscape. Some of the laws governing digital currency, he noted, go back to the 1930s.“We have to have the conversation,’’ he said. “I don’t want to lose the jobs and innovation elsewhere.’’Gottheimer plans to strike a similar theme at the Facebook hearing this week, but it’s not clear how many other members of the House panel will be interested in the finer details of Libra or digital payments.Some lawmakers predicted that the hearing may quickly devolve into a series of anti-Facebook rants, on issues like fake news in the 2016 campaign, data protection, the company’s market dominance and the FTC settlement. Those topics are often easier to understand for some members of Congress who are decidedly not techies.In what may be a harbinger, Financial Services Committee member David Scott, a Georgia Democrat, mistakenly referred to the digital token Libra as Libor, an interbank lending rate, while questioning the Powell last week. The Fed chief didn’t bother to correct him.(Updates with Marcus testimony beginning in 10th paragraph.)\--With assistance from Lydia Beyoud, Austin Weinstein and Julie Verhage.To contact the reporters on this story: Robert Schmidt in Washington at rschmidt5@bloomberg.net;Ben Bain in Washington at bbain2@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Twitter Finally Ready to Make a Move to the Upside? Check Before Retweeting
    TheStreet.comyesterday

    Is Twitter Finally Ready to Make a Move to the Upside? Check Before Retweeting

    Twitter, Inc. has largely traded sideways the past 12 months. In this daily bar chart of TWTR, below, we can see that prices are finally above the declining 50-day moving average line and the rising 200-day moving average line. The daily trading volume does not show a sustained rise or expansion in volume but the On-Balance-Volume (OBV) line does trend higher from last July to early May. From May to now the OBV line is flat/neutral.