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Twitter And Initial Claims In Focus

Social media staple - and current preferred method of presidential policy dissemination - Twitter TWTR posted disappointing revenues in its fiscal Q4 of 2016: $716 million from the $738 million expected in the Zacks consensus estimate. Accounting for stock-based compensation, the company continues to post negative earnings results, down roughly 50% year over year.

Twitter delivered the slowest quarter of revenue growth in its publicly traded existence. Monthly active users grew to 319 million from 317 million, but stiff competition from Snap, Inc. ( whose IPO is anticipated this spring ), Facebook FB and Facebook-owned Instagram. President Trump's Twitter usage aside, Twitter seems to have hit a rough patch in its development (or, perhaps better relating to its bird imagery, feeling some headwinds keeping it from flying higher). In any case, TWTR shares are down more than 10% in today's pre-market.

This Q4 disappointment does not come as a surprise to Zacks Strategist and host of Zacks Live Trader Dave Bartosiak, who analyzed Twitter's details ahead of this morning's earnings report. To watch his video - and accurate forecast of what was to befall the company - check here: Bartosiak: Trading Twitter's Earnings with Options

New Initial Jobless Claims Data

Again we see Initial Jobless Claims down near levels we haven't seen in roughly 44 years - 234K new claims for the past week. This is 12,000 fewer than the historically low 246K posted last week (unrevised). Continuing claims rose a tad, to 2.078 million in the past week from 2.06 million the week previous. This continuing claims number had momentarily dipped below the 2-million mark a few weeks back, but looks to be hovering just above it at this stage.

And this is all prior to a big jobs plan from the Trump administration, which promises to bring back factory employment, coal producing, etc. in sections of America that have yet to participate in the growth acceleration enjoyed by Wall Street investors since the U.S. economy clawed back from the abyss of the Great Recession, now going on 8 1/2 years ago. Shall we presume our country's jobless numbers are likely to plummet further, to all-time lows, once a new job-growth plan is brought to bear?

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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