Investor's Business Daily
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Investor's Business Daily
IBD Logo.png
TypeFinancial research
Owner(s)Investor's Business Daily, Inc.
Founder(s)William J. O'Neil
Founded1984 (as Investor's Daily)
Headquarters12655 Beatrice Street
Los Angeles, CA 90066
United States
ISSN1061-2890
Websitewww.investors.com

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 headquartered in Los Angeles, California.[1] Holding a conservative political stance, IBD provides news and analysis on stocks, mutual funds, ETFs, commodities, and other financial instruments aimed at individual investors and financial professionals.[2]

In March, 2016, the company announced that IBD would become a weekly publication and would focus more on digital operations.[3] The publication will continue to use the Investor's Business Daily name as it will continue to publish daily on its website.[2] In May 2016, the company officially switched to a weekly print publishing schedule and published its first issue of IBD Weekly while continuing to update its website daily.[4]

History

Investor's Business Daily (front page).jpg

Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers.[2] In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily.[5] In 1994, ten years after its founding, IBD was ranked among the fastest-growing newspapers in the country.[6]

In 2005, the political cartoonist Michael Ramirez joined IBD. In 2008, Ramirez won his second Pulitzer for editorial cartooning while at the company.[7]

In 2015, the IBD website was accessed by over 4 million monthly visitors.[2] In 2016, it was announced that the company would change its printing schedule to once a week, but continue to publish new content to its website daily.[1] In May 2016, the first issue of IBD Weekly was published while the media outlet continued to publish new digital content daily.[4]

During the 2016 presidential election in the U.S., IBD was one of two polls that correctly predicted a Donald Trump victory. Leading up to the election, IBD's poll had been dismissed as being an "outlying survey,"[8] but it was rated as one of the closest to the final result.[9]

Operations

IBD takes a conservative political stance in its news and analysis.[10][11][12]IBD provides investor education through its Investor's Corner, the Big Picture, and online resources. The information provided expands on William O'Neil's previous books that detail the CAN SLIM investment strategy.[13]IBD includes several written sections that detail companies and news of interest. It covers internet and technology stocks in particular, and has a substantial editorial and opinion section. Every Monday in its weekly edition, IBD publishes a list of 50 stocks that are most attractive based on earnings, stock price performance, and other criteria used in the CAN SLIM strategy.[14]

IBD 50

The IBD 50 Index is the flagship US stock market benchmark published by the Investor's Business Daily, similar to how FTSE 100 was to the Financial Times.[15][16] The index is based on the CAN SLIM methodology invented by the newspaper's founder William O'Neil, and the list of its constituents is published every Monday.[17] Later it becomes the basis for an exchange-traded fund (ETF) called the Innovator IBD 50 ETF (Ticker: FFTY), which is also rebalanced weekly.[18]

Errors and retractions

In July 2009, an editorial in Investor's Business Daily 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."[19] 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."[20][21] 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."[22]

References

  1. ^ a b Lukas Alpert (4 March 2016). "Investor's Business Daily Will Become a Weekly". The Wall Street Journal. Retrieved 2016.
  2. ^ a b c d Chris Roush (4 March 2016). "Investor's Business Daily to Become a Weekly, 20 News Jobs to be Cut". Talking Biz News. Retrieved 2016.
  3. ^ Greg Dool (7 March 2016). "Investor's Business Daily Reduces Print Schedule". Folio Magazine. Retrieved 2016.
  4. ^ a b Chris Roush (May 9, 2016). "Explaining the Changes at Investor's Business Daily". Talking Biz News. Retrieved 2016.
  5. ^ "How Warren Buffett Is Not The Most Influential Investor of Our Time". Seeking Alpha. 29 March 2017.
  6. ^ Greg Krikorian (20 January 1994). "Media: Financial Paper Closing In on Bottom Line". Los Angeles Times. Retrieved 2016.
  7. ^ Richard Perez-Pena (7 April 2008). "Washington Post Wins 6 Pulitzer Prizes". The New York Times. Retrieved 2016.
  8. ^ Flint, Joe; Alpert, Lukas (November 9, 2016). "How the Media's Election Predictions Badly Missed the Mark". The Wall Street Journal. Retrieved 2016.
  9. ^ Sides, John (December 5, 2016). "Which was the most accurate national poll in the 2016 presidential election?". Washington Post. Retrieved 2019.
  10. ^ John Atlas, Seeds of Change: The Story of ACORN, America's Most Controversial Antipoverty Community Organizing Group (Vanderbilt University Press, 2010), p. 297: "In 2007, Investor's Business Daily, a conservative business newspaper, repeated more misrepresentations."
  11. ^ Stephen E. Frantzich, The C-SPAN Revolution (University of Oklahoma Press, 1996), p. 321:"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..."
  12. ^ John K. Wilson, Barack Obama: This Improbable Quest (Routledge, 2009), p. 209: "The conservative Investor's Business Daily editorialized..."
  13. ^ Kevin Marder (13 September 2011). "Conversation With a Maverick Investor". MarketWatch. Retrieved 2016.
  14. ^ John Dobosz (23 February 2009). "Breaking Out With Bill O'Neill". Forbes. Retrieved 2016.
  15. ^ "Stock Lists 50 | Investor's Business Daily". Investor's Business Daily. Retrieved .
  16. ^ "I B D 50 Index - Stock Investment Research, IBD Stock Charts". Investor's Business Daily. Retrieved .
  17. ^ "IBD® 50 Index | Financial Terms Key Terms University". Investor's Business Daily. Retrieved .
  18. ^ "Innovator ETFs". Innovator ETFs. Retrieved .
  19. ^ Robertson, Lori (August 13, 2009). "How to Not Prove a Point". FactCheck.org. Annenberg Public Policy Center. Retrieved 2017.
  20. ^ Metz, Cade (2009-08-12). "Obama health reform critics face inconvenient truth". The Register. Retrieved .
  21. ^ Klein, Ezra (August 10, 2009). "How Stephen Hawking Proves That Investor's Business Daily's Editorial Page Tells Lies". The Washington Post. Retrieved 2009.
  22. ^ Damien McElroy, Stephen Hawking: I would not be alive without the NHS, The Daily Telegraph (August 12, 2009). Retrieved May 29, 2014.

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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