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The researchers reached the same results when they focused only on articles that reported negative information about the stock's underlying company.
But soon enough, they say, the computers took over, with formulas pushing share prices up and down regardless of anything happening at the underlying company.
None is as mystifying as "tape reading", whose practitioners use the movement of market prices to gauge where a particular stock is heading, even while knowing nothing of the underlying company.
Thorough and thoughtful stock research should involve a solid understanding of the business operations and financials of the underlying company.
They rise and fall with the prospects of the underlying company, but they also can provide healthy cash yields.
This is because the preferred has a call option-like feature that gives buyers the right to "convert" their shares to the common stock of the underlying company at a specific ratio, depending on the price of the common stock at the time.
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500 index based on the quality of the underlying companies' earnings and dividends and applies letter grades to them, from D to A+.
Programming computers to pounce on fleeting trading patterns, rather than analyse underlying companies, makes for a more-volatile market, critics argue.
So investors have been overestimating the expected return from stocks: It should be no higher than their underlying companies' returns on equity, or three percentage points a year less than the equity market's annual return over the past 50 years.
Specifically, we examine the moderating role of corporate volunteers' attributions concerning the public relations motives underlying companies' employee volunteering programs.
It is important to stress that equipoise is not the principle underlying company-driven clinical trials, which are doubtlessly necessary and useful for medical progress.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com