Investing

The 24/7 Wall St./Flame Index: The Companies With The Most Bad Press (7/19)

Earnings dominated the press coverage of today’s shares. Novartis and Harley-Davidson released numbers

Icahn Enterprise was thumped after it made a bid for Clorox, which was rejected. Boeing was hit because large customer American may buy jets from rival Airbus.

Microsoft sold off, probably because of news that smartphone partner is in more trouble

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
11 Alcatel Lucent ALU 30.207 +209  Former employee charged with graft in Malaysia
23 Microsoft MSFT 23.309 +176  Wireless partner Nokia in more trouble
24 Icahn Enterprises IEP 23.063 +543  Market hates bid for Clorox
25 Novartis NVS 22.934 +530  Earnings up, but generics loom
26 Boeing BA 22.209 +542  May lose huge American Air deal.
32 PNC Financial Services Group PNC 20.294 +482  In the middle of ugly robo-signing deal
33 Stanley Black & Decker SWK 20.061 +466  Buys Sweden’s Niscayah Group
36 Entergy ETR 19.944 +538  Fight over its Vermont Yankee nuclear plant may cause shutdown
39 Harley-Davidson HOG 19.879 +632  Earnings remarkably strong
45 Tiffany & Co TIF 19.219 +610  Oppenheimer raises price target to $100 from $80

Data and ranking provided by the Flame Index.

 

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