Case Study #3
""Goldman Sachs Upgrades Lamar""
Lamar Advertising Co.
News Event
January 17, 2017 at 7:00:00 am (EST) — Goldman Sachs upgrades Lamar Advertising to buy from neutral.
Market Alert
As the market opened, Lamar Advertising began trading in a volatile fashion. NewsHedge alerted its clients to the unusual trading event at 9:54:38 am (EST) when shares dropped from a high of $73.93 to $73.36. Despite the swift drop, shares remained in positive territory.
Social Context
As news broke, Wall Street instantaneously took to Twitter to share information. According to Metricle’s quantitative Twitter data, Twitter posts for Lamar Advertising produced a positive “buy” signal—as visually seen below.
Alpha Generation
Over the next several trading sessions, our quantitative data continued to produce a positive “buy” signal—giving our clients even more conviction to remain long, or to add to their long position.
Systematic Trading Data
To review systematic trading data associated with this case study, or to inquire about backtesting our data, contact us at sales@newshedge.com.
Who We Are
In order to tell you who we are, we have to tell you who we used to be—a frustrated group of financial industry professionals that got sick and tired of developing the same boring technology for guys in nicer suits than us.
But things have changed, and who we are now is pretty exciting. We’re made up of traders and designers and developers and marketers who are hyper-focused on pioneering new software that will literally change the way people make decisions. We’d say that we’re cutting edge, but that would be cliché, so we’ll say this instead: NewsHedge is a creative force that’s filtering the world’s financial noise.
Go ahead, give us a listen.
