Why Facebook, Alphabet, Enable Midstream Partners, and Two Other Stocks Are in Spotlight

Although it doesn’t affect the social network’s fundamentals by much, Twitter Inc (NYSE:TWTR) suffered an embarrassing snafu after CEO Jack Dorsey’s twitter account was briefly suspended last night. While the stock’s volatility has calmed down a bit, many traders are still wondering how the social network will unlock value for shareholders. A total of 47 funds tracked by Insider Monkey were bullish on Twitter Inc (NYSE:TWTR) at the end of September, up by 17 funds from the end of June.

Enable Midstream Partners LP (NYSE:ENBL) shares are 8% in the red after the company priced an underwritten offering of 10 million units at $14 per unit. In addition, the company has also granted underwriters a 30 day option to buy up to an additional 1.5 million units. Enable expects to use the net proceeds of $136 million for general partnership purposes. Four investors from our database were long Enable Midstream Partners LP (NYSE:ENBL) at the end of September.

Diplomat Pharmacy Inc (NYSE:DPLO) is 3% in the red after Credit Suisse analyst Robert Willoughby downgraded the stock to ‘Underperform’ from ‘Neutral’ and trimmed his target to $13 per share from $18. The analyst downgraded the stock on the back of worries over the pharmacy chain’s slowing organic growth and profit challenges. Willoughby also doesn’t think that management has a clear plan to improve ROIC yet. At the end of September, 12 investors followed by our team held long positions in Diplomat Pharmacy Inc (NYSE:DPLO), versus nine funds at the end of the second quarter.

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