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Every day, several stocks are impacted by major news. These news can substantially move higher or lower the stock price of the company it is about.
Every day, a list of stocks that are hit by major news is available on the Finviz website. This list of ticker symbols is downloaded by this object and used to update a custom database field "majornews". The database name is "finviz".
According to the Finviz website, stocks that are displayed when selecting the "Major News" trading signal are those with the highest news coverage during the current trading day. Only the top 20 stocks are displayed.
As of may 10, 2010, the list contains 16 stocks. Peabody Energy Corp. (BTU), for example, had six news events mainly concerning the company cut in a bid for Australia's Macarthur Coal.
Here is an example to show you how to access the recent list of companies that had major news:
In the symbol selection form (From the Screener, Watchlist, Analyzer...), select "Fundamental Data", and then select "Major News".
Here is how to get a signal that indicates whether a stock has had high news coverage at least twice during the last 10 trading days:
rule = sum(GetData("finviz", "majornews", Zero), 10) >= 2;
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This item no longer works.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
