The Hot Stock of the Day is Twitter Inc (TWTR). Twitter was on a tear today up 5.80% to close at $51.99 and is up 24.85% since the beginning of last week. Twitter has been an interesting stock to follow since it just IPOed on November 6th, for $26 a share. Investors have been, and still are, cautious thinking that this will be another Facebook (FB) .
Twitter’s revenue model is still being developed and their user base is still growing. They have not fully tapped into the potential revenue generation that they will see moving forward. A lot of investors are sitting on the sideline and waiting to see where they will go.
Twitter is still fairly speculative at this point. I am bullish on this company, but cannot justify it at its current valuation.
Disclaimer: I currently do not hold a position in the above mentioned investment. I may look to add to a position in the above mentioned investment, within the next 30 days. I may take a short position in the above mentioned investment within the next 30 days.
The Investment Tweet of the Day comes from @CassSunstein He is currently a Professor of Law at Harvard University. He also served under President Obama as an Administrator of the Office of Information and Regulatory Affairs, from September 10, 2009 until August 21, 2012. This article comes from a similar vein as yesterday’s ITD.
This article dives down into how the top 1% have continually enjoyed an annual income increase of 86.1% from 1993 to 2012. Whereas the rest of the income pool has only seen a 6.6% annual increase. This equates to the top 1% receiving 68% of the total income growth over that period. See the source article for more details.
Source : Bloomberg, Tweet, Sunstein’s Wiki
Today’s stock pick of the day is TriQuint Semiconductor Inc (TQNT) TriQuint has been up 9.92% over the past month and is up 67.49% YTD. This stock still has plenty of upside, with projected next quarter earnings looking to $0.12 a share and a revenue set to increase almost 6% quarter over quarter. TQNT is looking to return to solid profitability in 2014. Look for this to take off with the increase in demand for mobile devices.
TQNT is sitting at a solid support level now at a little shy of $8.00. I expect no resistance until about $9.00 per share, then again at $9.50
TriQuint is a supplier of chips for radiofrequency solutions both active and passive. They have done quite well over the course of the mobile revolution. As more and more mobile/wireless devices come to the market, TQNT is posed to do even better. They also have some clients out of what people think of as the mobile space, they also make devices for satellite comminications, electronic warfare and navigation for military applications.
Disclaimer: I currently do not hold the above mentioned investment. I may be looking to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.
The Investment Tweet of the Day came from @CNBC For more information please follow the links contained within.
This article talks about the widening income gap is currently the fastest between ages 35 and 44, at 21%. This is according to analysis performed by bankrate.com. Along with this there is an increasing disparity between the rich and the poor. (See below)
Source, CNBC, Tweet
Today’s Stock Pick of the Day is Intel Corporation (INTC) . I have been quite bullish on Intel, despite all of the news of the declining PC market. Intel has been positioning themselves to be able to succeed in mobile moving forward. They have the leg up when it comes to manufacturing technologies, that no other competitor really has. They have a current analyst recommendation of 2.68 with 39 out of 47 analysts having it at a hold or better.
Last week Intel was up 4.15%, and 20.37% YTD. They just passed their dividend pay date at 3.63%. Their 4th quarter earnings are currently expected after market close on January 15, 2014, with a ~1.5% revenue growth over the previous quarter.
From a technical analysis Intel may have a little resistance as it seems as if it is making a multi-top, and an RSI of 62.89. Look for this stock to breakthrough the $25 resistance level, then settle back down. Below is a chart of INTC.
Disclaimer: I currently hold the above mentioned investment. I am not looking to add to my current position in the above mentioned investment, within the next 30 days. I am not looking to subtract from my current position in the above mentioned investment within the next 30 days.