Social Media Analytics In Focus: Netflix, Greece And Micron

As social media continues to gain importance in the investment world, staying on top of what the crowd is saying has become crucial. On Friday, Benzinga had the chance to speak with Market Prophit’s CEO Igor Gonta, who summarized the most recent trends in the social media space, based on the "wisdom of the crowd."

How Does It Work?

Market Prophit compiles and analyzes social media commentary related to the stock market and develops statistics that track sentiment for both experts (Market Prophits) and the crowd.

After-Split Netflix

With Netflix, Inc. (NASDAQ: NFLX)’s “impending 7-1 stock split and Carl Icahn's announcement that he is getting out of his position,” sentiment had an interesting week, Gonta said.

Related Link: A Look At Social Media Sentiment On The Nasdaq, The Euro And Fitbit

“Currently, the Crowd is bearish while the Market Prophits are bullish,” he added. “One really interesting thing to note is that Carl Icahn (@Carl_C_Icahn) himself was in the Top 3 Market Prophits this week based on returns as ranked by the Market Prophit platform of scoring financial bloggers.”

The other two top bloggers this week were @OpenOutcrier and @Minty415.

Global X Funds: Should I Stay Or Should I Go?

Gonta then looks into the Global X Funds (NYSE: GREK). “With the Greek drama taking twists and turns sometimes on an hourly basis, there's been plenty of sentiment shifts in the market,” he expounded, telling Benzinga that both the Crowd and Market Prophits are currently bullish on Global X.

After-Earnings Micron

Finally, there’s Micron Technology, Inc. (NASDAQ: MU), which tumbled after disappointing earnings, “which they blamed on the PC sector,” the CEO commented.

Currently, both the Crowd and Market Prophit sentiment is bullish.

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