Investing
The 24/7 Wall St./Flame Index: April 13 The Companies With The Worst News
Published:
Cisco news was particularly negative as CEO John Chambers tries to take apart the segments of his company that perform poorly. Concerns about Toyota’s earnings remain high due to parts and production shortages. Community Health Systems hurt by its hostile takeover offer for Tenet.
Level 3’s buyout of Global Crossing raises concerns. Researcher say they have found a way to hack Ebay’s PayPal system.
Note: The Flame Index scans thousands of news sites 24 hours per day and ranks companies getting the most negative press right now. The Flame Index Media Analysis Algorithm crunches the data for an up-to-the-minute ranking of the hardest-hit companies.The Flame Index started as a research tool in 2008 at the NY Innovation Design Lab (nyidlab). It was used as a general metric to evaluate companies and their risk in the media. Publicly traded Fortune 500 companies are used as a measure to calculate an overall market of negative news and the companies are ranked within that market
| Rank | Company | Ticker | Score | Change in Rank | Comments |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | JNJ | 64.814 | 0 | No escape from its OTC drug recall issues |
| 2 | Alcoa | AA | 51.195 | +24 | Earnings below what Wall St. hoped. Stock falls |
| 3 | Tenet Healthcare | THC | 48.869 | +584 | Battling hostile takeover bid by Community Health Systems |
| 4 | Cisco Systems | CSCO | 38.384 | +235 | CEO Chambers fight for jobs as he restructures faltering firm |
| 5 | J.P. Morgan Chase & Co. | JPM | 38.085 | +674 | Good earnings, bad news? |
| 6 | Toyota Motor Corporation | TM | 33.409 | +25 | Cutting production in Europe as parts run low due to Japan earthquake |
| 7 | Community Health Systems | CYH | 31.593 | +395 | Potential takeover of Tenet may be at too much of a premium |
| 8 | Citigroup | C | 29.366 | +220 | Concern about whether it can match JPMorgan earnings |
| 9 | News Corp. | NWSA | 28.284 | -7 | Fall-out from phone tapping fades |
| 10 | Level 3 Communications | LVLT | 28.01 | +223 | Buys Global Crossing |
| 3 | Tenet Healthcare | THC | 48.869 | +584 | Takeover trouble |
| 5 | J.P. Morgan Chase & Co. | JPM | 38.085 | +674 | Good earnings |
| 14 | LSI | LSI | 25.56 | +521 | Announces new technology which appears to have bombed |
| 15 | eBay | EBAY | 25.51 | +573 | Researchers say they can cheat the company’s PayPal system. |
Data and ranking provided by the Flame Index.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
