''Investor's Business Daily'' (''IBD'') is an American newspaper and website covering the stock market, international business
. Founded in 1984 by William O'Neil
as a print news publication, it is headquartered in Los Angeles, California
Formally holding a conservative
political stance, ''IBD'' provides news and analysis on stock
s, mutual fund
, and other financial instruments aimed at individual investors and financial professionals.
[ It ended the Opinion business in 2019, focusing only on investing. Those opinion writers have since created their own site]
Issues & Insights
In March, 2016, the company announced that ''IBD'' would become a weekly publication and would focus more on digital operations.
The publication will continue to use the ''Investor's Business Daily'' name as it will continue to publish daily on its website. In May 2016, the company officially switched to a weekly print publishing schedule and published its first issue of ''IBD Weekly'' while continuing to update its website daily.
Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers.
[ In 1991, the publication's name was changed from ''Investor's Daily'' to ''Investor's Business Daily''. In 1994, ten years after its founding, ''IBD'' was ranked among the fastest-growing newspapers in the country.
In 2005, the political cartoonist Michael Ramirez joined ''IBD''. In 2008, Ramirez won his second Pulitzer for editorial cartooning while at the company.
In 2015, the ''IBD'' website was accessed by over 4 million monthly visitors.] [ In 2016, it was announced that the company would change its printing schedule to once a week, but continue to publish new content to its website daily.] [ In May 2016, the first issue of ''IBD Weekly'' was published while the media outlet continued to publish new digital content daily.] [
During the 2016 presidential election in the U.S., ''IBD'' was one of two polls that correctly predicted a Donald Trump victory. Leading up to the election, ''IBD's'' poll had been dismissed as being an "outlying survey," but it was rated as one of the closest to the final result.
On March 25, 2021, News Corp announced the acquisition of Investor's Business Daily, which will become part of the Dow Jones division when the sale is expected to close later this year.
''IBD'' takes a conservative political stance in its news and analysis. ''IBD'' provides investor education through its Investor's Corner, the Big Picture, and online resources. The information provided expands on William O'Neil's previous books that detail the CAN SLIM investment strategy. ''IBD'' includes several written sections that detail companies and news of interest. It covers internet and technology stocks in particular, and has a substantial editorial and opinion section. Every Monday in its weekly edition, ''IBD'' publishes a list of 50 stocks that are most attractive based on earnings, stock price performance, and other criteria used in the CAN SLIM strategy.
''The IBD 50 Index'' is the flagship US stock market benchmark published by the Investor's Business Daily, similar to how FTSE 100 was to the Financial Times. The index is based on the CAN SLIM methodology invented by the newspaper's founder William O’Neil, and the list of its constituents is published every Monday. Later it becomes the basis for an exchange-traded fund (ETF) called the Innovator IBD 50 ETF (Ticker: FFTY), which is also rebalanced weekly.
''IBD Live '' is one of the most recent additions to the IBD toolbox as the paper continues to develop into an online information platform. Beginning at market open professional stock traders discuss the stock market with a community of subscribers with the use of Zoom.
Errors and retractions
In July 2009, an editorial in ''Investor's Business Daily'' claimed that physicist Stephen Hawking "wouldn't have a chance in the U.K., where the ritishNational Health Service (NHS) would say the life of this brilliant man, because of his physical handicaps, is essentially worthless." Hawking was British, lived in the United Kingdom nearly all of his life, and received his medical care from the NHS. ''IBD'' later removed the editorial's reference to Hawking in its online version and appended an "Editor's Note" which said, "This version corrects the original editorial which implied that physicist Stephen Hawking, a professor at the University of Cambridge, did not live in the UK." Hawking himself responded, "I wouldn't be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived."
Stephen Hawking: I would not be alive without the NHS
''The Daily Telegraph'' (August 12, 2009). Retrieved May 29, 2014.
Category:Business newspapers published in the United States
Category:Newspapers published in Greater Los Angeles
Category:Publications established in 1984
Category:Pulitzer Prize-winning newspapers