Type Financial research Website www.investors.com | Founder(s) William J. O'Neil | |
 | ||
Founded 1984 (as Investor's Daily) Headquarters 12655 Beatrice Street
Los Angeles, CA 90066
United States | ||
Investor's Business Daily (IBD) is an American financial research and media company covering international business, finance, economics and the stock market. Founded in 1984 by William O'Neil as a print news publication, it is headquartered in Los Angeles, California. IBD provides information about stocks, mutual funds, ETFs, commodities, and other financial instruments aimed at individual investors and financial professionals.
Contents
In March, 2016, it was announced that IBD would become a weekly publication and 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.
History
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, Pulitzer winner, Michael Ramirez, joined IBD. In 2008, Ramirez won a Pulitzer for his editorial cartooning with 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 consistently showed Donald Trump in the lead. Leading up to the election, IBD's poll was dismissed as being an "outlying survey" and in the end missed the final popular vote tally by four percentage points in Trump's favor.
Operations
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.
Notable 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 [British] National Health Service (NHS) would save the life of this brilliant man, because of his physical handicaps, is essentially worthless." Hawking has always lived in the U.K. and receives his medical care from the NHS, and 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."