Forget Facebook—Twitter could see a 25% boost on earnings, says chart watcher

"I really like Twitter," technical analyst Mark Newton said Tuesday on CNBC'sNewton, who is president and founder of Newton Advisors, pointed to Twitter's five-year chart, which showed the stock entering a period of consolidation after strong performance in 2016 and 2017.

"I do still think it has upside to former highs right near [$]218," he said. But Twitter remained his top pick, mainly because of its potential to run over 25% to a new 52-week high. "Contrary to popular perception, Facebook has actually increased its engagement, partly because they did a very smart pivot to, essentially, running a mini TV channel on the feed," he said in the same "Trading Nation" interview.

"I just don't like Twitter on business grounds, even though I absolutely love the app," he said. "And I love Facebook [from a] business point of view. So, I think Facebook still has [a] chance to go to fresh highs, whereas Twitter is going to lag."

TradingNation CivicScience has been tracking usage Twitter since 2015 and monthly, weekly, and daily Twitter users have been on the rise in Q2 lizzygurdus

TradingNation Who is holding TWTR in your studio?

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold, earnings and emerging markets could boost investor returns through year-endWith five months to go and the markets still hanging around record highs, ETF experts are naming their top picks to help investors position themselves going into year-end. Gold is good? Everyone knows the US economy is getting ready for a potentially significant correction. Conservatives need to ask if 45's approach, like bullying the Fed to keep interest rates low, are only for Trump, and will they make the correction worse? TrumpTrainWreck
Source: CNBC - 🏆 12. / 72 Read more »

Amazon looks ready for a 40% rally, says market watcherIn advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock. The stupidity has made it to the High Wire Act.. As impressive as this StockMarket Show has been. It’s time to Bow Out People.. Stop Following The Goats.. You Know the Story. Over the Cliff they GO.. Thats right, lie to the american people and the sheeps will follow. People need to be in jump suits after this next crash.
Source: CNBC - 🏆 12. / 72 Read more »