Traders Daily – Chasing Twitter

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We’re not big fans of chasing stocks.

But Twitter is just too hot to pass on.  At the moment, the stock trades at $41.21 after gapping higher from $38.  And we still see further upside in the name.

In fact, we’d like to see the stock at $50, near-term.  The stock just hit a three-year high on news it’ll replace Monsanto on the S&P 500 on Thursday.

Analysts have been steadily upping their outlook for the stock since the start of the year, recently boosting their earnings outlook ...

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