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Omar Venerio
Omar Venerio
Articles (1746) 

Twitter Up 5% on Better Rating

Twitter is a 'top smid-cap' idea in 2018

U.S. stocks will open with gains on Monday at the start of Santa Week after all main stock indexes ended at records on Friday.

In Monday pre-market trading, Twitter Inc. (NYSE:TWTR) was up after the analysts at JPMorgan were more bullish on the company. The firm upgraded the company to Buy from Neutral and raised the price target to $27 from $20.

JPMorgan’s upgrade comes with an analyst's opinion that "Twitter's platform is differentiated and is much more about real-time news, information and discussion than it is truly social." It is expected that the company will return to revenue growth next year because of growth in daily-active-user count as well as "improving" content on the platform.

Gainers

• Marathon Patent Group Inc. (NASDAQ:MARA)

• Under Armour Inc (NYSE:UAA)

• Discovery Communications Inc. (NASDAQ:DISCA)

• Achillion Pharmaceuticals Inc. (NASDAQ:ACHN)

Losers

• CSX Corp. (NASDAQ:CSX)”‹

• Mattel Inc. (NASDAQ:MAT)

• Centene Corp. (NYSE:CNC)

• Payment Data Systems Inc. (PYDS)

Global markets

The main European stock markets traded higher. The U.K.'s FTSE gained 0.53%, Spain's Ibex was up 0.91%, Germany's Dax closed up 1.59% and France's CAC advanced 1.39%.

In Asia, Japan's Nikkei closed up 1.55%, Hong Kong's Hang Seng gained 0.70%, China´s SSE Compositejumped 0.05% and India’s BSE Sensex inched up 0.41%.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor and Area Head of Finance. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

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