5 Dow 30 Stocks With Sharp Activity Spike On Stocktwits As Trading Week Draws To Close

The market pulled back from its record high this week as traders reacted to some key economic data and earnings reports. After starting the week on a firm note, the S&P 500 Index pulled back on Tuesday as traders chose to take some money off the tables ahead of the twin inflation reports.

The broader gauge bounced back on Wednesday, thanks to the tame October consumer price inflation (CPI) report only to reverse course on Thursday. CPI inflation’s wholesale counterpart came in slightly more than forecast, setting off rate worries.

Chairman Jerome Powell aggravated the worries by suggesting on Thursday that the central bank is in no hurry to cut rates.

Amid the volatile bout, the following six Dow 30 components generated excited among the retail on Stocktwits platform:

Walt Disney Co. ($DIS)

Disney’s message volume increased 300% on Thursday over a 24-hour span. The entertainment giant reported a fourth-quarter earnings beat on Thursday as it benefited from robust performances by its film studio and direct-to-consumer segment. 

Investors also cheered the forward guidance provided for the out years until 2017. 

The stock rallied 6.23% on Thursday before settling at $109.12, bucking the broader market weakness.

Retail sentiment has tempered with the mood turning ‘bullish’ from ‘extremely bullish’ a day ago, although message volume continues to remain ‘extremely high.’

The watcher count ticked up 0.17% to 287,090.

Coca-Cola Co. ($KO)

Message volume for beverage giant Coca-Cola was up a more modest 95% over a 24-hour period. In late-October, the company reported better-than-expected earnings for the third quarter as higher pricing offset the negative impact from slowing demand. 

Following the results, the stock snagged some downward price target revisions, as analysts fretted about slowing volume and the impact of forex in the upcoming year. 

The stock has been down in all four sessions of the week. It has gained about 8.6% so far this year, underperforming the broader market.

Sentiment toward the stock was positive, with the mood ‘bullish’ (78/100), reversing from a ‘bearish’ outlook a day ago.

UnitedHealth Group, Inc. ($UNH)

Minnesota-based UnitedHealth, a provider of health insurance and services, was in the news over the Department of Justice filing a civil lawsuit to block the acquisition of hospice services provider Amedisys, Inc. ($AMED) by its Optum unit. 

UnitedHealth’s stock has lost about 4% this week amid the legal overhang.

The 24-hour change in message volume was about 56%. 

Stocktwits data showed sentiment flipping from ‘bearish’ a day ago to bullish.

Apple, Inc. ($AAPL)

Tech giant Apple, which is followed by 940,416 Stocktwits users, had nearly a 47% message volume spike in the said period. The company’s iPhone demand continues to worry its investors as lukewarm economic conditions dent demand.

Recently, U.K. consumer watchdog Which launched a 3-billion-pound ($3.80) lawsuit against the company for “giving its iCloud storage service preferential treatment, ‘trapping’ customers with Apple devices into using iCloud.”

Apple could see weakness on Friday after Berkshire Hathaway, Inc.’s ($BRK.A) ($BRK.B) confirmed its selling of Cupertino’s stock for the fourth straight quarter.

Retail turned ‘bearish’ on the stock on the Stocktwits platform (44/100), with message volume tapering on Friday.

International Business Machines Corp. ($IBM)

The 24-hour message volume for IBM climbed nearly 47% on Thursday. A Business Insider report said earlier this week Amazon, Inc. ($AMZN) AWS was in talks to give IBM access to Nvidia Corp. ($NVDA) chips through its AWS. The deal is reportedly valued at $475 million over five years.

Sentiment  toward IBM stayed ‘bullish’ (66/100) on Stockwits.

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