One blog I read daily is 24/7 Wall Street, authored by Doug McIntyre and Jon Ogg. Staying true to their name, they start the day early and usually have a half-dozen posts up by the time I leave my house at 7 am, starting with an Asia Markets wrap up around 3:30am EDT. Conversely, they close each market day at 4pm with a list of the new entries to the “52-week low club”.
Between 3am and 4pm EDT, they cover various segments, with particular focus on financials, tech and alternative energy. Their posts are a mix of highlights from the newswires, analyst upgrades and downgrades and their own opinion pieces. Doug and Jon are not afraid to take controversial positions and are quick to note when well-compensated management fail to deliver results for their shareholders. While the overall tone of the blog is in line with traditional finance publications, they get a bit more snarky (in a good way) when taking to task those CEOs who have failed to deliver.
24/7 got the attention of the blogosphere last year when they ranked the 25 most valuable blogs, assigning valuations to each. Gawker properties topped the list at $150 million. The post preceded recent blog acquisitions, such as Ars Technica (6th on their list) and PaidContent (14th).
Another key focus area for 24/7 has been their CEO deathwatch, culminating in their “10 CEO’s Who Need to Go” post at year-end. Their predictions have been strong – Hector Ruiz of AMD stepped down in July, as did Patricia Russo of Alcatel, while others on their list remain on the hot seat. And, now it looks as though they’re expanding their corporate governance coverage with a new feature “Most Overpaid CEO of the Day”.
Recently, 24/7 Wall Street added a few blogs to their stable, acquiring Biohealth Investor and the Volume Spike Investor, expanding their financial coverage.
With a solid blend of original research posts and aggregating key market influences, 24/7 Wall Street is a daily must-read for investors and business professionals.
The Ten Best Financial Blogs:
10. 24/7 Wall Street
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