Bloomberg Reports Disney Working on Potential Twitter Offer

Twitter shares now up 1.6% to session high after report says The Walt Disney Co. is working with an adviser on a potential bid for $TWTR pic.twitter.com/I1Qycqu7b4

— CNBC Now (@CNBCnow) September 26, 2016

Walt Disney is said to be working with an adviser on a potential Twitterbid, according to a Bloomberg report on Monday, and the speculation sent the social network’s shares on an intra-day run.

In recent months, speculation that Twitter will be sold has gathered steam. Last week, sources told CNBC that several technology and media companies had expressed interest in acquiring Twitter, includingGoogle and Salesforce.com

Earlier in the day, Twitter’s stock was down 4 percent but turned positive after the news, with trading almost double its 30-day average volume. Meanwhile, Disney’s shares were down more than 1 percent after the news.

This story is developing. Please check back for further updates

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Jack Dorsey @jack has been a member of $DIS board since '13, so potential tie-up with Disney has more credibility.

— Jon Najarian (@jonnajarian) September 26, 2016

Twitter would be extremely valuable for ESPN and ABC News operation, to put it mildly

— Downtown Josh Brown (@ReformedBroker) September 26, 2016

Along with SnapChat’s new pair of sunglasses, spectacles, which will retail for $129, the company will also be changing its name to Snap INC. The company makes it clear that more products are coming.

In a separate blog post, founder Evan Spiegel explained why he’s dropping the word “chat” like this: “When we were just getting started it made sense to name our company Snapchat Inc., because Snapchat was our only product! Now that we are developing other products, like Spectacles, we need a name that goes beyond just one product.”

The change also has a more serious business purpose — to make it easier for people to distinguish the company from its services. The name of the app will stay the same, for example, but if people want to search for news about the company specifically, they’ll have to look for Snap Inc. More on the spectacle glasses HERE.

Basic material names are lighting up today’s runner screen, as crude trades higher by 3%. Here’s a daily look at crude:

A few names to watch today include: NE, RIG, DNR, WLL, SGY, & AKS

Also, the 3D Plays are trading well here: DDD & SSYS made today’s screen.

Today’s full screen for Exodus members can be found HERE.

It’s also breast cancer awareness month, but take a look at the seasonality stats for 3D Printers (data courtesy of Exodus market intelligence):

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Check out one of our recent buys inside Exodus: $SYSS broke above Thursday & Friday’s high, $22.60, watch for a technical breakout here going into a seasonally strong time for 3D Printers.

Long $SSYS.

Here’s your weekly look at the top 50 stocks inside Exodus. The following 50 tickers are the best of the best in terms of combined technical and fundamental scores. The screen also eliminates companies that do not produce free cash flow. We only want the best.

I’ve imported this week’s top 50 tickers to finviz for your viewing pleasure: CLICK HERE TO VIEW THIS WEEK’S TOP 50 STOCKS. Charts in focus this week include:

Bonus: $FIT missed the screen by 1 slot, and looks ripe to squeeze this week. I will continue to hold my position here.

Note: The results above are sorted by the average daily volume, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

The NASDAQ broke out to fresh new highs this week as the FED decides to leave rates unchanged. Here’s a weekly candlestick view of the last two years. Could we finally be breaking out of this multi year range?

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Week over week, here are your strongest industries led by Tobacco, REITs, & Solar:

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For review this weekend, here are the top hybrid movers within Exodus. Let’s watch FEYE, JD, ESTY, DATA, & TWTR in the upcoming week: