Investing
The 24/7 Wall St./Flame Index: April 20 Companies With The Worst News
Published:
Berkshire Hathaway (NYSE: BRK.B) took a big hit in the news as shareholders sued over Sokol trades in Lubrizol. American Electric Power and NRG both pulled bad press over nuclear power facilities. Harley Davidson was hammered by the press because of bad earnings
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 | 56.24 | 0 | Good earnings |
| 2 | Berkshire Hathaway | BRK.A | 36.304 | +634 | Shareholders sue over Sokol Lubrizol trades |
| 3 | Bank of America Corp. | BOA | 31.831 | 0 | Modest earnings |
| 4 | Citigroup | C | 31.405 | 0 | Poor earnings |
| 5 | Community Health Systems | CYH | 29.549 | +1 | Legal fight over Tenet takeover continues |
| 6 | Transocean Ltd | RIG | 27.116 | +68 | Still embroiled in Deepwater disaster |
| 7 | Texas Instruments | TXN | 24.581 | +18 | Mediocre earnings |
| 8 | Goldman Sachs Group | GS | 23.021 | +73 | Better than expected earnings as firm shrinks |
| 9 | Tenet Healthcare | THC | 22.835 | +3 | Fight with CYH continues |
| 10 | American Electric Power | AEP | 22.801 | +83 | Plagued by nuclear power worries |
| 2 | Berkshire Hathaway | BRK.A | 36.304 | +634 | Sokol insider trading problems |
| 10 | American Electric Power | AEP | 22.801 | +83 | Nuclear power fears |
| 14 | NRG Energy | NRG | 21.88 | +693 | Kills two planned nuclear power facilities |
| 18 | Harley-Davidson | HOG | 20.595 | +636 | Earnings miss Wall St. estimates |
| 23 | Bank of New York Mellon Corp. | BK | 19.647 | +496 | Extremely poor earnings news |
Data and ranking provided by the Flame Index.
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