Sources of Information

Sources of information for market analysis will help you understand the overall economic factors affecting corporate earnings and growth, which in turn move stock prices in the long run. These include the following, which we'll detail:

Financial news periodicals
Statistical services
Government publications
Company quarterly and annual reports
Public offering prospectuses
Brokerage house research reports

Financial News Periodicals

CNN-USA-MSNBC

 

 

The most useful daily publications include

The Wall Street Journal
The New York Times
CNN fn
USA Today
MSNBC

The most useful weekly publications are

Barron’s National Business & Financial Weekly
Business Week
Forbes
Fortune
Money

Statistical Services

The most widely used services are

Moody’s Investment Manuals; Moody’s Dividend Records
Standard & Poor’s Corporation Records; The S & P Outlook
Value Line Investment Survey - Found in library

Government Publications

The major publications of the US Department of Commerce include

Survey of Current Business
Business Conditions Digest
US Industrial Outlook

Two major publications of the Bureau of Labor statistics are

Monthly Labor Reviews
Chartbook on Prices, Wages, and Productivity

The Federal Reserve publications are

Economic Indicators
The Annual Report of the Council of Economic Advisers

Company Information

The information for company analysis can be obtained from the company’s quarterly reports, annual reports, and news releases. In addition, companies have to file quarterly reports called 10-Q's and annual reports called 10-K's to the Securities Exchange Commission (SEC); these are available to the general public.

Public Offering Prospectuses

Any initial public offering (IPO) signifies a time when companies first issue stock to the public. As required by the SEC, the company must publish a detailed prospectus that includes information about the company, its products, its officers, its financial status, and any risk factors that may negatively affect its business. You can write or call the brokerage firm that represents these companies for a free copy of their prospectuses. The prospectus of an IPO offers the most comprehensive information about a new company.

Brokerage Firms' Research Reports

Major full-service brokerage firms such as Merrill Lynch employ stock analysts, who specialize in certain industries or companies. They offer buy or sell recommendations for various stocks. They also publish in-depth reports on industries or companies. You can get copies of these reports for a fee from a brokerage firm or you can get a copy if you have an account at that brokerage firm. Some of these reports are also available on the Internet.

You can find most of these resources in the public libraries. Ask the librarian for help since each library has resources in different places. Some of these resources are available on the Internet, which we will discuss later in Stocks in Cyberspace.

 

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