Tag Archives: TheStreet.com

Trading stocks straight from online biz news articles

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Joe Mont of TheStreet.com reports that online trading site Zecco has released some software that will allow people reading business news online to trade in the stocks mentioned in the articles directly from the page.

Mont writes, “The next time you read a business article on a major news Web site, look for a small, purple ‘Z’ next to the tickers for companies mentioned. If you click on it, you’ll find pricing information and a form that allows you to trade or set price targets.

“The browser-based tool will work with an initial list of the top financial news sites. It also works on the tickers of some of its competitors, allowing users to read E*Trade and Charles Schwab commentary, but execute the transaction via Zecco.

“Zecco also announced a partnership with the real-time stock tip forum StockTwits that will allow users to quickly access investment ideas from news stories. Zecco plans to court additional finance and news sites, says Chief Executive Michael Raneri.”

Read more here.

Lowe's headlines miss the mark

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TheStreet.com media critic Marek Fuchs doesn’t like how Reuters and other media wrote their headlines recently about the earnings from home improvement retailer Lowe’s.

TheStreet.com hires chief market strategist as it prepares new products

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Financial news site TheStreet.com announced Monday that it had hired Robert Walberg as the chief market strategist for its premium products and that Walberg will oversee the launch of some new products later this year.

The first new service to be rolled out will be called “Options Profits,” to launch later this spring. Walberg will also be a key external face of the company’s premium services division, presenting TheStreet.com’s views on the markets and highlighting the company’s best market calls throughout the media.

Subscription-based Premium Services represent approximately two-thirds of the company’s annual revenues.

Walberg was the founder and president of Chartwell Investment Group, a financial advisory company where he managed money and provided financial advice to a broad range of clients. Before founding Chartwell, he worked as a financial analyst and columnist for leading web destination, MSN Money. During this time, Walberg made regular appearances on CNBC’s Power Lunch segment and the Daily Show with Jon Stewart.

“TheStreet’s mix of insightful editorial and analytical tools position the Company as a unique resource to the investment community,” commented Walberg in a statement. “From the outside looking in, I have been impressed with the continued evolution of TheStreet into a premium destination site.”

Read more here.

Biz reporters use Cisco sell-off as reason to downplay earnings

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TheStreet.com media critic Marek Fuchs doesn’t like how the business media reported Cisco’s earnings this week and used the after-market sell-off after the company reported stellar numbers to downplay the news.

Former Fortune, Money president named to TheStreet.com board

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Vivek Shah, the former president of Fortune and Money magazines at Time Inc., has been named to the board of directors of TheStreet.com.

“As one of the better known, but underappreciated stories in the media world, TheStreet has a unique opportunity to further develop its brand, reaching consumers and investors with a wide array of content,” commented Shah in a statement. “I look forward to sharing my experience as an operator and entrepreneur in the media world to help TheStreet take advantage of the many opportunities available to the company in today’s marketplace.”

Shah spent more than 15 years in various management roles at Time. He most recently served as group president, digital for Time Inc.’s news, business and sports properties and prior to that as president of Fortune and Money magazines, Time Warner’s business and finance websites and related businesses. In those roles Shah was responsible for the development and distribution of digital properties and platforms at Time Inc. and led one of the industry’s largest business media organizations. Furthermore, Shah successfully managed and grew advertising and paid services revenues.

Earlier in his career, Shah formed CNNMoney.com and grew this platform into what today ranks among the largest business and finance websites in its category. Shah has a B.A. in Political Science from Tufts University.

Read more here.

Ignoring — or overplaying — Apple

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TheStreet.com media critic Marek Fuchs riffs on business media coverage of Apple, noting that a recent story was either ignored or overplayed.

Confusing coverage of Yahoo

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TheStreet.com media critic Marek Fuchs comments Wednesday about the contradictory coverage of Internet portal Yahoo.

TheStreet.com responds strongly to libel lawsuit from Generex

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Felix Salmon of Reuters likes how TheStreet.com and senior columnist Adam Feuerstein responded to being hit with a $250 million libel lawsuit by Canadian company Generex.

Salmon writes, “The story begins on March 19, when Feuerstein wrote a ‘Biotech Stock Mailbag’ column in which he explains why Generex ‘is a total bust.’ Generex wasn’t happy about that, and they were even less happy about his March 26 follow-up, where he goes into a lot more detail about why he thinks Generex’s product is never going to get approval in the US. But there’s no libel here, Generex’s desperate attempts to find some notwithstanding:

The March 26 Article actually states a false legal conclusion that Generex has committed securities fraud under the Federal Securities Laws, when Feuerstein states ‘Yet even here, Generex plays stupid games aimed at misleading investors, something that totally undermines the legitimacy of the study.’ Using the word ‘misleading’ is not an opinion in this context but a conclusion that an SEC standard of fraud has been violated.

“I love the word ‘actually’ there — it’s as if Generex can invent a libel out of whole cloth just by asserting it to ‘actually’ exist. Stating in an opinion column that a company is playing stupid games aimed at misleading investors is something that columnists do all the time. It’s not stating ‘a false legal conclusion.’

“In any case, Feuerstein and TheStreet.com responded to the lawsuit in the best possible way — not by writing about it at all, but by publishing yet another column on Generex, this time detailing the way in which India revoked its approval of Generex’s product, without the revocation showing up anywhere in Generex’s SEC filings. It’s good, smart, hard-hitting reporting, and they should be applauded for not being cowed by this silly suit. Meanwhile, any investors still left in Generex might wonder why it’s pursuing expensive libel suits instead of engaging in a public and open way with its critics. It certainly doesn’t make the company look very good at all.”

Read more here.

The contradictory iPad coverage

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TheStreet.com media critic Marek Fuchs comments Tuesday on coverage of Apple’s new iPad, which hasn’t been consistent.

SEC investigates TheStreet.com

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The Securities and Exchange Commission is investigating TheStreet.com for how it recorded revenues from a subsidiary, according to a Reuters story.

The story states, “The company, founded by television personality and former hedge fund manager Jim Cramer, made the announcement in a form it sent to the SEC in which it asked for more time to prepare its financial statements.

“The probe relates to how revenue was recorded at an online promotions subsidiary called Promotions.com, which TheStreet.com sold in December.

“A spokesman for TheStreet.com declined to comment.”

Read more here.