Upload
vuongtram
View
214
Download
2
Embed Size (px)
Citation preview
How to Read the Wall Street J l (WSJ) & L k f PJournal (WSJ) & Look for Program
Specific Current Events
What is the Wall Street Journal?
The Wall Street Journal (WSJ) is an influential international financial dailyinfluential international financial daily newspaper published since 1889
It has long been considered the leadingIt has long been considered the leading voice of Wall Street
The WSJ covers politics, science, p , ,government, health, arts, law, social issues, entertainment and sports
Front Page: What's News
Front Page: What's Newsg
The day’s top stories from business and the economy to the nation and the world can be found in The Wall Streetworld can be found in The Wall Street Journal’s first section
This is where America starts its business day because the Journal’sbusiness day, because the Journal s most-read feature gives you the day at a glance
"World Wide" is a concise digest of theWorld-Wide is a concise digest of the latest news developments from around the globe, while "Business and Finance" summarizes the top stories pfrom those spheres
Front Page: The Leders
The “Leders” are your lead stories
What are these? It gives readers newsWhat are these? It gives readers news they can’t find anywhere else, so this space is reserved for essential stories that are Journal exclusivesare Journal exclusives
Found on the front page in columns 4 through Six, these articles may break g , ynews, identify trends or analyze major developments
Typically one of the columns will provideTypically one of the columns will provide the day’s top business story about a company, industry or event, while the other may be a take on politics, y p ,international affairs or social issues as well as business and finance
Section II: Marketplace
The Journal's Marketplace sections foc ses on e entssections focuses on events shaping the corporate world as well as summaries of the names and companies making recent p gheadlines
Section III : Money & Investing
The WSJ attempts to streamline the statistical data and open more space forstatistical data and open more space for reporting in the Money & Investing section
The Journal’s financial statistics are so comprehensive and extensive, it would take pages to introduce you to them in detail. Suffice it to say this: whatever you need to know about the markets eitherneed to know about the markets, either as an investment professional or individual investor, you’ll find it here. In most cases, you’ll also find yaccompanying news columns that provide daily context and informed perspective on the movements of the particular marketparticular market
How to Use the WSJ to Your Advantage
Dissecting the stock tables in Money & Investing:
Column 1 & 2: 52 Week Hi Lo Range: The first twoColumn 1 & 2: 52-Week Hi-Lo Range: The first two columns show the highest and lowest prices for the stock during the preceding 52-week period, not including the latest trading day.
Column 3: Company Name and Type of Stock: If there i l b l l tt f ll i thare no special symbols or letters following the company
name, it is common stock
Column 4: Ticker symbol: This alphabetic symbol uniquely identifies the stock on the exchange's "ticker" as well as many other electronic information system and computer databases.
Column 9 Hi/Lo: This indicates the trading price range of the security during the day's trading. If one of these represents a new 52-week high or low for the stock, a small up or down arrow appears to the far left of the stock's listing. The new record will be reflected in the stock's 52-week hi-lo range on the following day.
Column 10: Close and Net Change: The Close is the trading price recorded when the market closed on this day. If the closing prices is up or down more than 5% y g p pfrom the previous day's close, the entire listing for the stock is bold-faced. Net change indicates the difference between the closing price and the previous close.
How to Use the WSJ to Your Advantage
Corporate Finance: look for mergers and acquisition information or newand acquisition information or new stock offerings (such as the initial public offering)
Research: keep an eye out for industry p y ytrends and when companies will be releasing earnings
To find out about key events, such as the earnings schedule, check the “What’s Ahead” section of the front page of the WSJ below the “What’s News” sectionWSJ below the What s News section
Keep an eye out for M&A and IPO information right in the “What’s News” columns on Page One or the feature oncolumns on Page One or the feature on the first page of the Market Place section
How to Use the WSJ to Your Advantage
Sales & Trading: look for the numbers-focused pages such as thenumbers focused pages such as the latest stock, bond, indices, and commodities prices
Where can you find it in the WSJ?yMuch of this information is in the Money & Investing section of the WSJ specifically on the left hand column mostly often called “Aheadcolumn mostly often called “Ahead of the Tape” and “Heard of the Street”
But keep an eye out for interestingBut keep an eye out for interesting trends in the market on Page One—there may be a feature article right there or in the performance graph!
Wh t th t ?What other resources can you go to?
Investopedia.comp
Barron’s
Financial Times
Yahoo! FinanceYahoo! Finance
Bloomberg.com
CNN Money
Reuters comReuters.com
The Economist