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In the News Today

Discussion in 'Stock Market Today' started by Rishi_at_Tiingo, Nov 9, 2018.

  1. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    Hi All,

    After speaking with @bigbear0083 and @StockJock-e I've decided to put together a list of tickers in the news and brief descriptions why.

    I plan to put this out daily, or when I can, and please provide feedback on how it can be useful for you.

    Right now I have a database of 13+ million news articles going back to the 1990s and I keep adding new news sources. I use an algorithm I built to help tag companies that goes further than tickers. The below is a list of tickers that have had a big increase in articles over the past 24 hours.


    November 9th 2018

    DIS/NFLX
    Disney announced Disney+, their streaming service that will combat with NFLX. Disney plans to announce details at the Investor conference in April. They also will be giving Hulu Disney titles when the NFLX agreement winds down.

    TRP:
    TransCanada Corp faced a setback with the Keystone pipeline when a Montana court ruled that there were violations in the government review. Previously, TransCanada had suggested that they could start construction next year.

    USO (Oil):
    Crude had another losing today, the 10th day in a row. According to CNBC, this is the longest losing streak in 34 years.

    I am excluding earnings related posts for now - let me know if you would like those as well. I could also expand this to see what topic suddenly became trending!

    News article database courtesy of Tiingo.com
     
    T0rm3nted and bigbear0083 like this.
  2. StockJock-e

    StockJock-e Brew Master
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    That is a very interesting stat!

    I love little facts like that.
     
    JaysonW and bigbear0083 like this.
  3. bigbear0083

    bigbear0083 Content Manager
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    Thanks for doing this @Rishi_at_Tiingo

    Haha, yeah I had also brought up that very stat earlier this morning here as well.

    I can't believe we've never seen a losing streak this long (or at least in the past 35 years) in crude...even through all of the previous notable oil crashes of the past...2008...2014...crazy! :eek:
     
    T0rm3nted likes this.
  4. JaysonW

    JaysonW Member

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    This is really interesting! (Of course I'm long OIH heavy right now. Annual dividend should be announced at the end of the month)
     
  5. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    That is wild - I wonder what the percent move down is compared though. And nice @bigbear0083!
     
  6. bigbear0083

    bigbear0083 Content Manager
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    Whelp, as @stock1234 pointed out on the weekly thread earlier, looks like today has set a new all time record losing streak in crude. :eek:
     
  7. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    November 9th 2018

    MVL/DIS
    Marvel is a delisted company - but with the passing of Stan Lee, we thought we would give this special mention. It was acquired by Disney so we are including the Disney ticker. The amount of Universes and characters he helped create was incredible. He was also a Civil Rights mover: https://www.esquire.com/entertainment/movies/a25022397/stan-lee-marvel-racism-1968-essay/

    GS:
    Goldman Sachs fell on concerns of a bribery scandal. As reported by Investor's Business Daily: “U.S. prosecutors allege that Goldman bankers were involved in a bribery and kickback scheme led by a Malaysian financier to land Goldman $6 billion in deals to underwrite bonds for the fund, known as 1Malaysia Development Berhad. One of those bankers pleaded guilty in the case in August.” More details from the Times here as well: https://www.nytimes.com/2018/11/09/business/goldman-sachs-malaysia-1mdb.html

    BHGE/GE:
    GE is going to sell up to 20% of its stake in Baker Hughes for $4bn cash to help their financial position. GE currently owns 62.5% of Baker Hughes and many people expect that it will retain its 50% stake.

    DEO/BF-A/BF-B/STZ:
    Trump raised the possibility of putting tariffs on French wine. He's gotten in tussles with Macron...probably for suggesting Europe should build a military to protect itself from Russia and the US.

    News article database courtesy of Tiingo.com
     
    #7 Rishi_at_Tiingo, Nov 13, 2018 at 10:15 AM
    Last edited: Nov 13, 2018 at 10:24 AM
    bigbear0083 likes this.
  8. bigbear0083

    bigbear0083 Content Manager
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  9. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    November 14th 2018

    M
    Breaking with tradition of not discussing earnings because Macy's is often seen as a bell-weather, holiday season coming up, and also because of its turnaround story. Macy's posted its fourth straight sales gain. This could bode well for holidays retail sales - let's see.

    OIl & Nat Gas
    OIl continues its downward decline in both Brent and WTI. Nat Gas on the other hand has been up 38%,

    PCG
    PG&E Shares fell 18% on concerns there could be liquidity issues if it turns out their equipment was the reason the for the wild fire in California that his killed 48 people. I had no idea so many people lost their lives to this.
    https://www.reuters.com/article/us-...ity-flags-impact-from-camp-fire-idUSKCN1NJ1X1

    TAHO
    Pan American announced a deal to acquire Tahoe Resources for $1.07bn, making it the largest silver producer. https://www.kitco.com/news/2018-11-...Acquire-Tahoe-Resources-For-1-07-Billion.html

    JPM
    JPM has opened up a new branch in Washington D.C. and plans to further expand in the region. AMZN has also decided to open its HQ in Northern Virginia and New York.

    News article database courtesy of Tiingo.com
     
    bigbear0083 likes this.
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I like the report, it's a quick read.
    What kind of algorithm do you use? Don't worry, I don't do any development myself lol. What is the goal of your algorithm?
     
    bigbear0083 likes this.
  11. bigbear0083

    bigbear0083 Content Manager
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    holy cow. i'm not sure how i missed this one earlier but that is a pretty epic move there. you don't see moves like this too often. :eek:

    [​IMG]
    [​IMG]
     
    stock1234 likes this.
  12. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Nice thread. A quick summary in what's going on everyday, I like it :)
     
    bigbear0083 likes this.
  13. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Wow what's going on lol, oil tanking and natural gas surging :p
     
    bigbear0083 likes this.
  14. bigbear0083

    bigbear0083 Content Manager
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    indeed! it's a nice summary of all the notable news events for the day. not too detailed to bore ya out, but just right. :D

    hah. i think oil finally stopped that record losing skid at 12 today, but earlier this morning it looked like it was going for 13 in a row :eek:
     
    stock1234 likes this.
  15. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    Thank you!

    The real power of the algorithm is that I scan tons of articles and don't rely on standard tagging. This means my news algos can go into blogs and detect when people discuss "Apple" the company vs "apple" the fruit. It's a bit more powerful than that actually - because standard methods language libraries for this aren't perfect for finance. This started off as a passion project over a decade ago, and I turned it into a business. Now I also use it to post relevent news here! Basically my algos add about 14,000 articles a day to my database and then I see which tickers have had massive jumps in news stories about them. Then I look at the top news stories and write brief reports here for everyone :)
     
    bigbear0083 likes this.
  16. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    Thanks all. Yeah I like keeping it brief :) Wasn't sure if that would go over well. I think I will start linking to news stories that may do a good job of giving overviews for people who want more information about the topic. I do that sporadically now.
     
    bigbear0083 and stock1234 like this.
  17. bigbear0083

    bigbear0083 Content Manager
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    whelp, that nat gas spike sure was a flash in the pan :p

    the market giveth, and the market taketh away :eek:

    [​IMG]
    [​IMG]
     
    stock1234 likes this.
  18. stock1234

    stock1234 2017 Stock Picking Contest Winner

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    Lol most of the gains from yesterday are gone :eek: :p
     
    bigbear0083 likes this.
  19. Rishi_at_Tiingo

    Rishi_at_Tiingo Moderator, Stockaholics CBO, Quant Trader

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    November 15th 2018

    FB
    NYTimes released a major feature story in which it described the mayhem of Facebook's Russia problem and the efforts it took for damage control. You can read the NY times report here: https://www.nytimes.com/2018/11/14/technology/facebook-data-russia-election-racism.html and FB's response here: https://newsroom.fb.com/news/2018/11/new-york-times-update/

    OIl & Nat Gas
    Nat Gas retraced pretty much its entire massive move yesterday. Let's see if this was a one-off or high-volatility becomes the new normal.

    KBH
    KB Homes warned that its fourth quarter results will be worse than expected due to reduced demand from Texas and the California wild fires. I think the shocking thing here is Texas, which in past surveys has been home to 3 of the fastest growing cities in the country.

    POST
    POST Holdings will IPO its Active Nutrition business. POST is the cereal brand company and its market cap as of today a $6bn. http://globenewswire.com/news-relea...ve-Nutrition-Business.html?f=22&fvtc=2&fvtv=1

    China Southern/AAL
    China Southern Airlines will leave SkyTeam airline alliance to join OneWorld. American Airlines (AAL) spent $200mm for a minority steak in China Southern, but apparently they were not getting much value because AAL is part of OneWorld. The leaving of SkyTeam could mean China Southern joins OneWorld and AAL could benefit? https://www.reuters.com/article/us-...strengthen-american-partnership-idUSKCN1NK0ZS
     

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