31 August 2014

Financial Press: Mostly For Entertainment Purposes Only

One of the fun things about looking at stock prices on Google Finance is the scroll of related "news" items on the right. Most of these should really be ignored. Here's an example of my favourite perpetrator of uselessness, Motley Fool UK, and their "coverage" of HSBC for only a single month:

SELL!  aug 1st: The Risks Of Investing In HSBC Holdings plc
BUY!   aug 4th: Better-Than-Expected Results Boost HSBC Holdings plc
BUY!   aug 6th: The 3 FTSE 100 Shares I'd Buy First: HSBC Holdings plc, GlaxoSmithKline p...
BUY!   aug 7th: The FTSE 100′s Hottest Dividend Picks: HSBC Holdings plc
SELL!  aug 7th: Standard Chartered PLC And HSBC Holdings plc Struggle In Asia
BUY!   aug 8th: HSBC Holdings plc: The FTSE 100's Best Bank?
BUY!   aug 12th: Is Now The Right Time To Buy HSBC Holdings plc?
SELL!  aug 13th: Why HSBC Holdings plc Will Struggle To Move Higher [ed: HSBC has traded higher than the aug 13th close every day since this pronouncement]
BUY!   aug 15th: Why HSBC Holdings plc, GlaxoSmithKline plc, Royal Dutch Shell Plc And J Sainsbury plc Are Better Than Bonds
SELL!  aug 18th: Regulatory Pressure Will Prevent HSBC Holdings plc, Banco Santander SA And Lloyds Banking Group PLC From Pushing Higher
BUY!   aug 20th: 3 Neil Woodford Fast Earnings-Growers: HSBC Holdings plc, NEXT plc and ...
BUY!   aug 20th: 5 Key Reasons To Buy HSBC Holdings plc
BUY!   aug 22nd: Are Standard Chartered PLC & HSBC Holdings plc A Bargain Right Now?
SELL!  aug 26th: Could HSBC Holdings plc's Dividend Be Under Threat?
BUY!   aug 27th: The Benefits Of Investing In HSBC Holdings plc
???       aug 28th: HSBC Holdings plc, GlaxoSmithKline plc, BP plc & BHP Billiton plc Are Holding Back The FTSE 100

1 comment:

JustJoeP said...

HSBC: Hyperbolic Super Bullshit Capital?