As shown below in the intraday chart of Twitter (TWTR) over the last 15 days, the stock took the stairs up and is now taking the elevator down.  After basically rallying from $17 up to $19 from the end of January through yesterday, today it has given it all back on earnings.

Big drops on earnings are nothing new for Twitter (TWTR).  Below is a snapshot from our Interactive Earnings Report Database (start a 14-day free trial to sample) showing Twitter’s historical earnings reports since it went public back in late 2013.  The stock has now had 13 earnings reports, and its share price has fallen on its report day 10 times.  Shares have only traded up on earnings 3 out of 13 times.  The stock’s average price move on its historical earnings reaction days has been absolutely horrid at -6.25%.

As mentioned above, TWTR has historically averaged a one-day drop of 6.25% on days it reports earnings.  Using our Interactive Earnings Report Database, we checked to see how that compared to the entire universe of US stocks.  As shown below, we found that TWTR is the fourth worst stock in the US when it comes to reacting to earnings reports.  There are only three stocks that have historically averaged bigger one-day drops on their earnings reaction days — PRMW, FEYE, and LOCO.  That’s a pretty brutal ranking to hold.

Start a 14-day free trial to sample our Interactive Earnings Report Database now.

(The table below lists the stocks that have historically averaged the biggest one-day declines on their earnings reaction days.  For stocks that report before the open, we use that day’s trading.  For stocks that report after the close, we use the next day’s trading.  Only stocks with at least 10 quarterly earnings reports on record are included, and to make the list, the stock had to be trading above $10/share as of yesterday’s close.)

After dropping below a third in the last two weeks, bullish sentiment on the part of individual investors saw a modest rebound this week, rising from 32.8% up to 35.8%, which is still an extraordinarily low level given where the market is.  This week’s level also marks the 110th straight week where bulls have not been in the majority.

While bullish sentiment saw just a modest rebound, bearish sentiment saw a pretty sizable drop, falling from 34.17% down to 27.65%.  That’s the largest one-week decline in bearish sentiment since early October.

With Trump’s agenda seemingly hitting a speed bump in recent days as tax reform appears to be getting pushed further and further back, a plurality of investors couldn’t make up their minds.  Neutral sentiment jumped to 36.54% this week, which is the highest level since the election.

We’re happy to announce that the newest episode of Bespokecast is now available to the general public both here and via the various podcast platforms.  Be sure to subscribe to Bespokecast on your preferred podcast app to gain access to our full collection of episodes.  We’d also love for you to provide a review as well!

In our newest conversation on Bespokecast, we speak with investment advisory industry veteran Rob Bartenstein.  Rob is the CEO of Kestra Private Wealth, and he’s also a regular guest on financial networks like CNBC and Fox Business.  Kestra is a platform for registered investment advisors.  In our conversation, we discuss the current state of the investment advisory industry including the pending Department of Labor fiduciary rule.  Rob also discusses his views on the market and the outlook for the economy.  We learned a lot talking to Rob and think you will too!

Each new episode of our podcast features a special guest to talk markets with, and Bespoke subscribers receive special access before it’s made available to the general public.  If you’d like to try out a Bespoke subscription in order to gain access to these podcasts in advance, you can start a two-week free trial to check out our product.  To listen to episode 6 or subscribe to the podcast via iTunes, GooglePlay, OvercastFM, or Stitcher, please click below.

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Jobless claims dropped considerably more than expected this week, falling from 246K to 234K and well below consensus expectations for an increase to 249K.  This week’s level is the second lowest reading of the current cycle, behind only the 233K reading from early November.  It is also the 101st week that claims have been below 300K, which is the longest streak since 1970.  It wasn’t too long ago that getting below 300K in weekly claims was considered a milestone.  Now, the last time weekly claims were above that level seems like a distant memory.

With this week’s big decline, the four-week moving average also went on to make another post-recession low, dropping to 244.25K.

On a non-seasonally adjusted basis, claims declined from 278.6K down to 259.5K.  That’s more than 140K below the average for the current week of the year going back to 2000 and is the lowest reading for the current week of the year since 1969.