StockTwits: Social media, Nike in focus

June 28, 2011: 1:18 PM ET
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NEW YORK (CNNMoney) -- Chinese stocks and social media companies such as LinkedIn were among the top talked-about topics on StockTwits on Tuesday.

LinkedIn (LNKD) shares jumped nearly 10% on Tuesday, after the social media company was initiated with a "buy" rating by several investment banks this week, some of them involved with LinkedIn's IPO.

Morgan Stanley, which was the lead underwriter on LinkedIn's IPO, started its coverage of the social media company at an "overweight" with a price target of $85 a share. JPMorgan Chase gave LinkedIn a price target of $88 a share. The stock closed on Monday at around $76.

Shares of Youku.com (YOKU) were a hot topic on StockTwits too after the Chinese video hosting company unveiled a video-on-demand service in cooperation with Time Warner's (TWX, Fortune 500) Warner Bros. (Time Warner also owns CNNMoney)

Traders saw the deal between Youku and Time Warner as a chance for the Chinese company to move into more lucrative forms of media delivery, following on the heels of companies like Netflix (NFLX).

Earnings: The market's bright spot

Lastly, Nike (NKE, Fortune 500) shares jumped more than 7% on Tuesday after the company posted earnings after the bell on Monday that blew away targets. The athletic apparel maker reported a profit of $1.24 a share, well ahead of the $1.16 a share analysts had forecasted, on strength in the China and emerging markets businesses.

That's giving StockTwits users plenty to tweet about:

GOODGREED: $LNKD is breaking out today because every investment bank that brought it public surprisingly gave it an upgrade.

momomiester $LNKD a classic. Everyone bashing due to valuation. But remember, the success of Facebook contingent on this stuff holding high valuations

michaeldavidsen: Remember the consumer craze for #Nike products in the 90s? Picture that in the sizzling Chinese economy right now. $NKE

MrOptionsExpert: $NKE doing very well this morning. Still impressed with the earnings beat.

Mdhemp: $YOKU deal can't be overstated. Now the "Netflix of China" moniker has content behind it. HUGE.

The_Analyst: $YOKUlaunching paid content service and the stock is up? No one in China is gonna pay to watch stuff they can get for free elsewhere! To top of page

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