SIOUX FALLS, S.D., Aug. 31, 2021 /PRNewswire-PRWeb/ -- MarketBeat, a leading source for stock market data and research tools, has released a new list of 10 Stocks with Positive Media Sentiment in August 2021.
The list identifies the 10 companies with the largest percentage increase in positive media mentions in the last 30 days. Rankings are determined by MarketBeat's all-new Trending Media Mentions tool, which tracks traditional news articles from a variety of sources and analyzes them for sentiment.
"We're thrilled to share this report as we launch a new suite of sentiment-based tools," said MarketBeat founder and CEO Matt Paulson. "Investors learned this year that the stock market is driven as much by sentiment as it is by fundamentals. With that comes a lot of noise for them to parse through. By automating the process of sentiment analysis, we're able to help investors spot trending stocks with ease."
MarketBeat uses an advanced language processing algorithm to review the sentiment of each news headline it tracks. Each headline receives a score ranging from two (2) for positive news to negative two (-2) for negative news.
The Top 10 Stocks with Strong Media Sentiment in August 2021 are:
1. Pfizer (NYSE: PFE) – Pfizer has seen an 82% increase in media coverage in the last 30 days and by more than a 2:1 margin the coverage has been positive.
2. Microsoft (NASDAQ: MSFT) - With a 60% increase in media mentions, Microsoft holds down the second spot on this list. MSFT stock has seen a decline in short interest and a reason for that may be due to the numerous analysts that have either reiterated their rating or raised their price target for MSFT.
3. Apple (NASDAQ: AAPL) – Apple checks in at number three with a 55% increase in media mentions in the last 30 days. Like Microsoft, Apple has benefited from positive analyst sentiment since it reported earnings on July 26.
4. Q2 Holdings (NYSE: QTWO) – With 252 mentions, Q2 Holdings cracks this list at number four. The company, which engages in the provision of digital banking solutions, did deliver a double beat in their most recent earnings report.
5. Target (NYSE: TGT) – Target received 248 media mentions, up 82% from the prior month. The company just delivered its quarterly earnings report, it has announced a share buyback program, and several analysts have boosted their price target for TGT stock.
6. The Walt Disney Company (NYSE: DIS) – Disney just delivered an earnings report which proves that the strength of the company is in its diversified revenue streams. Disney is also benefiting from positive analyst coverage including several who have boosted their price targets for DIS stock.
7. Educational Development Corp (NASDAQ: EDUC) – As schools are starting up again, it's not too surprising that a publishing company that specializes in educational children's books would be receiving considerable media attention. EDUC stock, however, has more negative than positive media attention, which may be one reason that it's a laggard in the market.
8. News Corp (NASDAQ: NWSA) – News Corp creates and distributes media, news, education, and information services. In a similar vein to Education Development Corp, most of the media coverage surrounding NWS stock has been negative.
9. Moderna (NASDAQ: MRNA) – The majority of the company's mentions have been positive, but short interest in the stock has jumped over 37% in the last 30 days which could explain why the stock is down 20% from its all-time high set in early August.
10. Brown & Brown (NYSE: BRO) – Brown & Brown just edges out Tesla for the last spot on this top 10 list. The insurance company is undoubtedly garnering attention due to Tropical Storm Henri which is causing significant flood damage in the Northeastern United States.
Find the full report at marketbeat.com.
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SOURCE MarketBeat
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