Long Position on TWTR @ $38.25 on 7/24/2020 (Momentum)

Twitter, Inc. (TWTR) operates as a platform for public self-expression and conversation in real time United States and internationally.

The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.

It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content.

Further, it provides subscription access to its public data feed for data partners.

Twitter reported a 2nd Quarter June 2020 loss of $0.16 per share on revenue of $683.4 million. The consensus estimate was for breakeven results on revenue of $682.5 million. Revenue fell 18.8% compared to the same quarter a year ago.

This stock reported strong earnings yesterday as a result of its increased user base. This increase in stock price should continue as Twitter seeks to implement a subscription model platform.

Entry point: $38.25

52-week trade range: $20.00 - $45.86

Stop/Loss: $36.00

Target Price: $42.00

Updates

8/26/2020 12:40:02 PM

TWTR closed at $41.

Position closed on 8/26/2020 at price of $41.00 with a 7.19% gain in 33 days.

Back to Portfolio