Twitter Inc (TWTR), Amazon.com, Inc. (AMZN), Netflix Inc. (NFLX): The Turnaround of Internet and Social Media Stocks

The social media and Internet stocks have been gaining ground over the past couple of months. If we look at the returns of stocks, Netflix, Inc. (NASDAQ:NFLX) has been up by almost 10% since the last month, while Amazon.com, Inc. (NASDAQ:AMZN) gained 4%, and Twitter Inc (NYSE:TWTR) jumped by 37%. During the “Halftime Report” on CNBC, Seema Mody has discussed this turnaround of the internet and social media stocks and the momentum around them.

Amazon.com, Inc. (NASDAQ:AMZN)

“Some analysts say the drop in price has helped reset valuation and now look more attractive at these levels,” Mody stated.

The main reason for Amazon.com, Inc. (NASDAQ:AMZN)’s stock appreciation is the interest showed by investors right after everyone found out that the company was planning to make an important announcement, which later turned up to be the Amazon.com, Inc. (NASDAQ:AMZN)’s smartphone. Another company in the spotlights is Netflix, Inc. (NASDAQ:NFLX), whose stock has had a volatile year so far and is currently 19% up year-to-date. Netflix has made a bunch of important announcements in the past couple of months, such as new shows premieres, but the most important, probably, is the company’s decision to expand in other countries. As it was reported earlier, by the end of the year, Netflix, Inc. (NASDAQ:NFLX) plans to launch in central Europe, including countries like Germany, Belgium, Luxembourg, Austria and Switzerland.

Twitter Inc (NYSE:TWTR), despite the impressive gain during the past month, is still 35% in the red since the beginning of the year. However, with the advancement of the stock, investors should be more optimistic. Mody also mentioned that earlier today, the analysts at Barclay’s have issued a bullish note on the stock. Among other things, the analysts stated that Twitter Inc (NYSE:TWTR) has had solid ad sales. However, according to Mody, other market participants consider that the strong ad sales could be caused by a slowing growth rate of the user base, which might be a cause for concerns while speaking about Twitter.

Disclosure: none

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!