Investor's Business Daily

Last updated
Investor's Business Daily
IBD Logo.png
TypeFinancial research
Owner(s) News Corp via Dow Jones & Company
Founder(s) William O'Neil
PresidentDan Shar
Founded1984;40 years ago (1984) (as Investor's Daily)
Headquarters Los Angeles, California
ISSN 1061-2890
Website investors.com
Investor's Business Daily (front page).jpg

Investor's Business Daily (IBD) is an American newspaper and website covering the stock market, international business, finance and economics. Founded in 1984 by William O'Neil as a print news publication, it is owned by News Corp and is headquartered in Los Angeles, California. [1] Holding a conservative political stance, [2] [3] [4] IBD provides news and analysis on stocks, mutual funds, exchange-traded funds, commodities, and other financial instruments aimed at individual investors and financial professionals. It also provides tools for financial literacy. [5] The publication focuses on the CAN SLIM investment strategy developed by founder William O'Neil. [6]

Contents

Every Monday in its weekly edition, the publication publishes the components of The IBD 50 Index, a list of 50 growth stocks that are most attractive based on earnings, stock price performance, and other criteria used in the CAN SLIM strategy. [7] [8] It is the basis for an exchange-traded fund (ETF) called the Innovator IBD 50 ETF (Ticker: FFTY), which is also rebalanced weekly.

IBD Live includes a stock market discussion by professional stock traders via Zoom.

History

Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers. [5]

In September 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily. [1] [9]

In 1994, ten years after its founding, IBD was ranked among the fastest-growing newspapers in the country. [10]

In 2001, after the September 11 attacks, revenue fell 20%-30%. At that time, paid circulation was approximately 313,000. [11]

In 2005, political cartoonist Michael Ramirez joined IBD. In 2008, Ramirez won his second Pulitzer Prize for editorial cartooning while at the company. [12]

In March 2016, the print newspaper became a weekly publication and the publication shifted its focus to daily digital operations, cutting 20 jobs. At that time, the website had 4 million visitors. [1] [13] [5] [14]

During the 2016 United States presidential election, IBD conducted one of two polls that correctly predicted a victory by Donald Trump. Before the election, the poll had been dismissed as being an "outlying survey," [15] but it was rated as one of the closest to the final result. [16]

In March 2019, the publication ended its opinion section. [17]

In May 2021, News Corp acquired the publication for $275 million, adding it to its Dow Jones & Company division. At that time it had 100,000 digital subscribers. [18] [19]

IBD/TIPP polls

TechnoMetrica Institute of Policy and Politics (TIPP), the polling arm of TechnoMetrica Market Intelligence, is IBD's exclusive polling partner delivering poll data via the IBD/TIPP collaboration between Investor's Business Daily and TechnoMetrica Institute of Policy and Politics. [20] [21] TIPP polls have mixed reviews, some claiming that it is most accurate and some claiming that it has a right wing bias. [22] [23]

Controversies

Lawsuit claiming inadequate wages to telemarketers

In March 2002, telemarketers who were compensated on the basis of a point system which rewarded them for selling longer subscriptions, winning daily contests, and meeting weekly sales goals sued the company for violations of the Fair Labor Standards Act of 1938. [24]

July 2009 error in editorial

In July 2009, an editorial in the publication claimed that physicist Stephen Hawking "wouldn't have a chance in the U.K., where the [British] National Health Service (NHS) would say the life of this brilliant man, because of his physical handicaps, is essentially worthless." [25] Hawking was British, lived in the United Kingdom nearly all of his life, and received his medical care from the NHS. IBD later removed the editorial's reference to Hawking in its online version and appended an "Editor's Note" which said, "This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the University of Cambridge, did not live in the UK." [26] [27] Hawking himself responded, "I wouldn't be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived." [28] [29] [30]

Related Research Articles

Black Press Group Ltd. is a Canadian commercial printer and newspaper publisher headquartered in Surrey, British Columbia.

News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of the American News Corp.

MLive Media Group, originally known as Booth Newspapers, or Booth Michigan, is a media group that produces newspapers in the state of Michigan. Founded by George Gough Booth with his two brothers, Booth Newspapers was sold to Advance Publications, a Samuel I. Newhouse property, in 1976.

<i>The Birmingham News</i> Newspaper published in Birmingham, Alabama

The Birmingham News was the principal newspaper for Birmingham, Alabama, United States in the latter half of the 20th Century and the first quarter of the 21st. The paper was owned by Advance Publications and was a daily newspaper from its founding through September 30, 2012. After that day, the News and its two sister Alabama newspapers, the Press-Register in Mobile and The Huntsville Times, moved to a thrice-weekly print-edition publication schedule.

William Joseph O'Neil was an American businessman, stockbroker and writer. He founded the stock brokerage firm William O'Neil & Co. Inc in 1963 and the business newspaper Investor's Business Daily in 1984. O'Neil was the author of the books How to Make Money in Stocks, 24 Essential Lessons for Investment Success and The Successful Investor among others, and is the creator of the CAN SLIM investment strategy.

<i>Tulsa World</i> Daily newspaper in Tulsa, Oklahoma

The Tulsa World is the daily newspaper for the city of Tulsa, Oklahoma, and primary newspaper for the northeastern and eastern portions of Oklahoma. Tulsa World Media Company is part of Lee Enterprises. The new owners announced in January 2020 that a corporate purchase was made of BH Media Group, a Berkshire Hathaway company controlled by Warren Buffett. The printed edition is the second-most circulated newspaper in the state, after The Oklahoman. It was founded in 1905 and locally owned by the Lorton family for almost 100 years until February 2013, when it was sold to BH Media Group. In the early 1900s, the World fought an editorial battle in favor of building a reservoir on Spavinaw Creek, in addition to opposing the Ku Klux Klan in the 1920s. The paper was jointly operated with the Tulsa Tribune from 1941 to 1992.

<i>The Daytona Beach News-Journal</i> Newspaper in Florida

The Daytona Beach News-Journal is a Florida daily newspaper serving Volusia and Flagler Counties.

<i>Cape Cod Times</i> Daily newspaper in Hyannis, Massachusetts

The Cape Cod Times is a broadsheet daily newspaper serving Barnstable County, Massachusetts, United States, which encompasses 15 towns on Cape Cod with a year-round population of about 230,000 and a circulation of about 20,000. It is owned by Gannett.

<i>The City Paper</i> Newspaper in Nashville, Tennessee, United States

The City Paper was a free, weekly newspaper that served Nashville, Tennessee from November 1, 2000 to August 9, 2013.

<i>Sioux City Journal</i> Newspaper in Sioux City, Iowa

The Sioux City Journal is the daily newspaper and website of Sioux City, Iowa. Founded in 1864, the publication now covers northwestern Iowa and portions of Nebraska and South Dakota.

<span class="mw-page-title-main">GateHouse Media</span> American media company

GateHouse Media Inc. was an American publisher of locally based print and digital media. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Its parent company, New Media Investment Group, acquired Gannett in 2019, with the combined company using the Gannett name and maintaining its headquarters in Virginia.

CAN SLIM is an acronym developed by the American stock research and education company Investor's Business Daily, intended to represents the seven characteristics that top-performing stocks often share before making their biggest price gains.

A Business Development Company ("BDC") is a form of unregistered closed-end investment company in the United States that invests in small and mid-sized businesses. This form of company was created by the US Congress in 1980 in the amendments to the Investment Company Act of 1940. Publicly filing firms may elect regulation as BDCs if they meet certain requirements of the Investment Company Act.

Penske Media Corporation is an American mass media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, Women's Wear Daily, Deadline Hollywood, Billboard, The Hollywood Reporter, Boy Genius Report, Robb Report, Artforum, ARTNews, and others. PMC's Chairman and CEO since founding is Jay Penske.

This is a list of nationwide public opinion polls that have been conducted relating to the Democratic primaries for the 2016 United States presidential election. The persons named in the polls are declared candidates, are former candidates, or have received media speculation about their possible candidacy.

This page lists nationwide public opinion polls that have been conducted relating to the 2016 United States presidential election. The two major party candidates were chosen at the Democratic National Convention and Republican National Convention in July 2016.

This is a list of opinion polls taken on the Presidency of Donald Trump in 2018.

This is a list of opinion polls taken on the presidency of Donald Trump in 2019. Polls throughout the year showed that more disapproved of Trump than approved of him, generally by a margin of between five and fifteen percentage points. The polls also showed that the margin may have been stronger or weaker in some states, when compared with the national polls.

<span class="mw-page-title-main">Ark Invest</span> American asset management firm

ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). It was founded by Cathie Wood in 2014. At the height of February 2021, the company had $50 billion in assets under management. By May 2022, assets had dropped to $15.9 billion, after a period of poor performance.

References

  1. 1 2 3 Alpert, Lukas (March 4, 2016). "Investor's Business Daily Will Become a Weekly" . The Wall Street Journal .
  2. ↑ Atlas, John (2010). Seeds of Change: The Story of ACORN, America's Most Controversial Antipoverty Community Organizing Group. Vanderbilt University Press. p. 297. ISBN   9780826517050. In 2007, Investor's Business Daily, a conservative business newspaper, repeated more misrepresentations
  3. ↑ Frantzich, Stephen E. (1996). The C-SPAN Revolution. University of Oklahoma Press. p. 321. ISBN   9780806128702. After years of frustration with what they perceived as the liberal commercial media, conservative sources gloated after the 1994 election. An editorial in Investor's Business Daily argued...
  4. ↑ Wilson, John K. (2009). Barack Obama: This Improbable Quest. Routledge. p. 209. ISBN   9781594514760. The conservative Investor's Business Daily editorialized...
  5. 1 2 3 Roush, Chris (March 4, 2016). "Investor's Business Daily to Become a Weekly, 20 News Jobs to be Cut". Talking Biz News .
  6. ↑ Marder, Kevin (September 13, 2011). "Conversation With a Maverick Investor" . MarketWatch .
  7. ↑ Dobosz, John (February 23, 2009). "Breaking Out With Bill O'Neill". Forbes .
  8. ↑ "Innovator IBD® 50 ETF FFTY Overview". U.S. News & World Report .
  9. ↑ "The nationally circulated business newspaper Investor's Daily" . Los Angeles Times . September 10, 1991.
  10. ↑ Krikorian, Greg (January 20, 1994). "Media: Financial Paper Closing In on Bottom Line" . Los Angeles Times .
  11. ↑ "NEWSPAPER---Investor's Business Daily Plans Expansion". Los Angeles Business Journal . October 8, 2001.
  12. ↑ Pérez-Peña, Richard (April 7, 2008). "Washington Post Wins 6 Pulitzer Prizes" . The New York Times .
  13. ↑ Dool, Greg (March 7, 2016). "Investor's Business Daily Reduces Print Schedule". Folio .
  14. ↑ Roush, Chris (May 9, 2016). "Explaining the Changes at Investor's Business Daily". Talking Biz News .
  15. ↑ Flint, Joe; Alpert, Lukas (November 9, 2016). "How the Media's Election Predictions Badly Missed the Mark" . The Wall Street Journal .
  16. ↑ Sides, John (December 5, 2016). "Which was the most accurate national poll in the 2016 presidential election?" . The Washington Post .
  17. ↑ MCARDLE, THOMAS (March 4, 2019). "A Voice against Socialist Bullishness". National Review .
  18. ↑ "News Corp Completes Acquisition of Investor's Business Daily". Business Wire. May 5, 2021.
  19. ↑ Trachtenberg, Jeffrey A.; Kellaher, Colin (March 25, 2021). "News Corp to Buy Investor's Business Daily for $275 Million" . The Wall Street Journal .
  20. ↑ "About us". TIPP Poll. Retrieved 2022-08-29.
  21. ↑ "A few words about us". TechnoMetrica Market Intelligence. Retrieved 2022-08-29.
  22. ↑ "IBD/TIPP Retains Position as America's Most Accurate Pollster Amid Historic Election Battle". Bloomberg. 2020-11-10. Retrieved 2022-08-29.
  23. ↑ Renka, Russell D. (2010-02-22). "The Good, the Bad, and the Ugly of Public Opinion Polls". Southeast Missouri State University. Retrieved 2022-08-29.
  24. ↑ "HARRIS v. INVESTOR BUSINESS DAILY INC". FindLaw . 2006-03-29. Retrieved 2022-08-29.
  25. ↑ Robertson, Lori (2009-08-13). "How to Not Prove a Point". FactCheck.org . Annenberg Public Policy Center . Retrieved 2022-08-29.
  26. ↑ Metz, Cade (2009-08-12). "Obama health reform critics face inconvenient truth". The Register . Retrieved 2022-08-29.
  27. ↑ Klein, Ezra (August 10, 2009). "How Stephen Hawking Proves That Investor's Business Daily's Editorial Page Tells Lies". The Washington Post . Retrieved 2022-08-29.
  28. ↑ McElroy, Damien (2009-08-12). "Stephen Hawking: I would not be alive without the NHS". The Daily Telegraph . Retrieved 2022-08-29.
  29. ↑ Muir, Hugh (2009-08-11). "Who cares if Professor Stephen Hawking lives or dies? Actually, we all do". The Guardian . Retrieved 2022-08-29.
  30. ↑ Sample, Ian (2018-03-14). "'I would not have survived': Stephen Hawking lived long life thanks to NHS". The Guardian . Retrieved 2022-08-29.

Official website OOjs UI icon edit-ltr-progressive.svg

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.