Michael Kamerman, CEO of Skilling, shares his opinion on what stock you should buy this week.


The Musk effect on markets is a trend we’ve increasingly seen over the past year and it’s no different with the recent news around Twitter.

Last week Elon Musk announced he was purchasing Twitter shares and joining the company’s Board of Directors and, despite the latter not materialising, Twitter’s share price surged.

However, as the news flow became less supportive, the price also retreated – proof that traders should never just follow the zeitgeist. In fact, if we look at Twitter, the app has consistently been outperformed by social media competitors such as Facebook.

Despite this, new additions such as CEO Parag Agrawal and the introduction of new premium services including Twitter Blue in the US, Canada, Australia and New Zealand will hopefully bring in more revenue for the app.

Whilst celebrities and magnates like Elon Musk make the headlines, increasing publicity around Twitter, it is crucial investors don’t rely on the noise. 

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Not investment advice.