Will Twitter shares surge higher this week?
Twitter is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like and retweet tweets, but unregistered users can only read them.
Twitter shares are entering a strong time of the year. From February 10 through to February 21 Twitter shares have gained seven times in the last seven years. Twitter announces earnings next week on February 09. Many tech stocks have done very well during lockdowns and Twitter is expected to outperform earnings with Goldman Sachs telling clients to prepare for a potential surge higher.
Trade Risks: The main risk to this trade is if Twitter earnings disappoint.