Twitter, Election, and Earning Report!


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Trump, Twitter, and Distorted love story!

By: Ahura Chalki

Twitter and President Trump, despite last month’s arguments, had always great relations and helped out each other more than what it was expected. Since Mr. Trump from the very beginning of his campaign for the presidential election, back in 2015 did not have a good relation with Medias and used to accuse them for fake news, Twitter became his main media, where he could directly contact to his fans.

It is again election time and despite all conflict between Mr. Trump and Twitter in past months, it is still his main connection channel from WH to the world, directly. And for Twitter, it is again the best opportunity to attract more audiences.

In 2020, Monetizable Daily Active Users (mDAU) Worldwide is 186 million for Q2 compared to 166 million Monetizable Daily Active Users (mDAU) Worldwide in Q1 and compared to 152 million for Q4 2019, compared to 133 million for the same period the previous year, shows slow but steady growth (1).

On the EPS and Earning side, in past 4 quarters, twitter had very poor performance, just in the first Q of 2020, could beat the estimated, while the second quarter missed $1.39 in EPS and company earning, and was even awful, lost 1.38B.

Twitter, Inc. is estimated to report its Q3 earnings on 22 October. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.08. The reported EPS for the same quarter last year was $0.07.

Technical review

Comparing to the closing price of 2019 Q3 at $41.14, in 2020 third quarter, and after a sharp recovery from Pandemic hit, priced closed at $44.76, and shows an 8.90% gain.

For now, first resistance sits at the 2020 high, at $46.89 (Sep 20 high), and after that 2018 high at $47.78. Above these levels, bulls will be able to take full control of the market for a future move. In return, $41.90, which it 20 DMA is the first support, and bellow that 50 DMA at 39.60, can open the doors for lower prices.


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