Posts filed under “Analysts”

Yahoo Finance + StockTwits = Message Boards 2.0

Two firms I have more than a passing relationship — Yahoo Finance and StockTwits — have formally announced a deal to place the curated StockTwit content directly onto Yahoo Finance. (I am a regular on Yahoo Finance, and FusionIQ offers several products in the stock twits marketplace).

Lets use Google as an example of what happens if you punch up any stock in Yahoo Finance. The left hand margin has a new entry called “Market pulse.” Select that and you pull a stream of all the comments from StockTwits that have the symbol GOOG in it. These include user generated charts, commentary, analysis and research — live and in real time.

This is a game changer versus the prior versions of online stock discussions. Three factors make this an enormous improvement over the static message boards of olde:

1) Social Network for Stocks: Stocktwits has all of the features of Twitter — you can see how many followers a person has, who they follow, how many tweets, etc. Hence, this introduces a “Wisdom of Crowds” factor into the previously anonymous, unreliable stock commentary.

2) Curated Messages: Much of the usual nonsense of stock comments — touts, pump-and-dump-ers, trolls, etc. have been removed. What you left with is a stream of honest commentary. Its the internet equivalent of peer review.

3) Embeddable Charts, Video: Chart.ly is a division of Stocktwits, and it has an incredibly user friendly technology that allows the easy sharing of charts and screencasts.

The bottom line is that StockTwits is a powerful platform that can b a disruptive technology. It has the potential to upend online stock discussions.

It may even help to identify the next generation of emerging analysts and fund managers.

Category: Analysts, Trading, Web/Tech

Top Economic Forcasters

Here are Bloomberg’s run of Wall Street’s top economic prognosticators. Click to open PDFs • Top Personal Spending Forecasters • Top Unemployment Forecasters • Top GDP Forecasters • Top CPI Forecasters • Top Overall Forecasters Yes, I know that calling someone a top Wall Street’s top economist is like saying they are the skinniest guy…Read More

Category: Analysts

WSJ: Expert Networks = Insider Trading

The WSJ occasionally buries huge stories in its much less read weekend edition; recall the option backdating investigation in 2006. This past weekend was a classic example of this: “Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders, and analysts across the nation, according…Read More

Category: Analysts, Legal, M&A

Tight Employers: Frugal or Counter-Productive?

Have a quick look at yesterday’s post: Wedbush: Cheap as a Fox. There was a robust discussion in comments — and the general take that resonated with me was summed up thusly: Being judicious about expenses is one thing, but being ultra cheap can be counter-productive and myopic when you figure in the opportunity costs….Read More

Category: Analysts, Corporate Management, Wages & Income

Home Equity as a Percentage of Household Net Worth

> I frequently find myself disagreeing with Tobias Levkovich of Citigroup. That’s not surprising, given his firm and their investment posture. Where I really part ways is on anything housing related. Levkovich was part of the mainstream herd of strategists who, as the markets topped in October 2007, made the erroneous forecast that Housing would…Read More

Category: Analysts, Real Estate, Really, really bad calls

Regulation AB: Downgrading the Ratings Agencies

We know the major ratings agencies suck. We know their business model was payola. We know they sold ratings for cash, committed fraud on structured product investors. We know they hid significant modeling errors, and then hid these problems from the public and regulators. Might their free ride be coming to an end? The SEC…Read More

Category: Analysts, Bailouts, Credit, Legal, Really, really bad calls

Are Wall Street Analysts Contrary Indicators?

‘Boy these companies look pretty good, earnings are OK, they have plenty of cash. What if there’s a double dip?’ ‘I’m no macroeconomist, but . . .’ > Here is an intriguing possibility, one that should make any investor holding 80% cash a tad nervous: The Buy/Sell/Hold crowd of analysts are excessively cautious: “For the…Read More

Category: Analysts, Contrary Indicators, Corporate Management, Earnings

MISH vs ECRI

I hate it when two people I know and like do battle. This week, it is Mike Shedlock of MISH’s global economic analysis squaring up against my friend and work neighbor, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI). Mish ripped ECRI in an unsparing critique this morning: ECRI Weekly Leading Indicators at Negative…Read More

Category: Analysts, Cycles, Economy

Who Steered You Wrong About the GS Case?

Amongst the regular complaints I have about the financial media is the lack of accountability of alleged experts. The bad stock picks, the terrible market calls, the unsupported opinions, all blithely made and forgotten. Yet the same experts are trotted out week after week to give more money losing advice. The silver lining to this…Read More

Category: Analysts, Financial Press, Legal, Regulation

Corporate Cash: Top 20 Firms = $635 Billion

I mentioned earlier that corporate cash has been piling up since 1982. The number that is being bandied about (via the Fed) is that the 500 largest non-financial firms have $1.8 trillions dollars in cash. I wasn’t sure how the Fed came up with their number, and I wanted to look at the data in…Read More

Category: Analysts, Federal Reserve, Valuation