In a tough market, I get by with a little help from my friends…
The turbulence and wild swings of the world’s financial markets have been enough to make even the sturdiest of investors a little queasy as of late. If you haven’t already, you will likely lose most of your appetite for risk as the global recession runs its course. But it’s important to keep your head in the game. Several years from now, we’ll no doubt look back at some of these prices and be wishing we’d backed up the truck.
Everyone is looking for an edge in their investment strategy. We think we may have one for you. Hot Stocks is a social finance app from Yahoo’s Media Innovation Group that lets you stay engaged and explore trading ideas with a little help from your friends and other investors on Yahoo!, Facebook and MySpace. Anyone can play regardless of their investing background or financial expertise.
Hot Stocks keeps you up to date with your favorite stocks and lets you watch the latest business videos from Yahoo! News. But the main premise of the app is to share your opinions about different companies using the stock rating widget. The widget appears throughout the app and will continually ask your opinion about various S&P 500 stocks. Drag the slider to express your bullish or bearish sentiment. Click on the stock ticker symbol to see how others feel about it.
Get your friends involved!
Things get interesting when you invite a couple friends to join in the fun. You can compare their favorite stocks with your own and see how each of your top five picks has performed not only today, but also over the past week, month, quarter or year. Use it to help identify your most financially informed friend! Perhaps it’s you?
The wisdom of the crowd
If you’re looking for investment ideas, check out the collective financial wisdom of the different social network crowds. Under the community tab, you’ll see which stocks people are most bullish or bearish on recently on Yahoo!, Facebook and MySpace or across all networks.
Helpful Tips:
• Enter a ticker symbol into the box on the top right of the app and click the Go button to be taken to its stock sentiment page, where you can leave your rating or comment.
• Your Top Five stocks will be automatically created based upon your highest rated stocks. If you’d like to manually edit your Top Five, click on the My Stocks tab and drag any stock that you’ve rated over your Top Five to add it to the list.
• Clicking on a company name or ticker symbol on the Home page will take you to its stock sentiment page where you can leave your sentiment or see how other users feel about it.
• The stock rating widget displays some valuable information about the current stock, including its sector and industry and how heavy or light the stock is trading today.
• Click on the different stock performance periods just below the tabs to change the default period that is used to calculate the percentage change for all stocks.
We hope you’ll find Hot Stocks a fun and engaging way to follow the market and interact with friends online. Please let us know what you think!
William White
Yahoo! Media Innovation
Try it on:
November 24th, 2008 at 2:33 am
Very inventive! Is there a version planned for wordpress/blogger?
Facebook will suffice in the meantime!
Thanks
January 3rd, 2009 at 6:36 am
sblycdgmvgypkfjewell, hi admin adn people nice forum indeed. how’s life? hope it’s introduce branch
January 11th, 2009 at 9:29 am
Today we add facebook. What will we be adding tomorrow? Twitter?
January 22nd, 2009 at 10:43 am
nice add. Liked this one.
February 3rd, 2009 at 9:45 pm
Hi Friend…
Nice post and Blog.
Thanks
February 4th, 2009 at 6:38 am
Interesting …
I think I’ll give it a try on my Facebook page -
Thanks!
March 11th, 2009 at 5:52 am
The link to yahoo is not working.
March 11th, 2009 at 9:37 pm
Hi guys..I have enjoyed reading these insightful articles very much on a daily basis. I have came across a website on how to budget and save money, which I thought was pretty cool. It’s called savemypiggy.com. Let me know what you guys think.
March 15th, 2009 at 11:17 am
As usual… I clicked on it to install it on Yahoo! and of course I got an error message instead of the app getting installed.
March 27th, 2009 at 6:29 am
Can anyone tell me where can I find the definition of independent board member for Please:
- the US as per the Sarbane-Oxley act or whatever the SEC
uses
- Switzerland
- France
- UK
March 30th, 2009 at 5:51 pm
Independent board member simply means a board member, as for a corporation, that is not affiliated with the day-to-day operations of the company… ie. they are not an employee.
March 30th, 2009 at 5:56 pm
As for another comment I read somewhere on this blog, I have been working with Arx Global Holdings in Chicago in several capacities. They have excellent risk mitigation services for fund managers, including cash management, administration of orders through FCMs, etc… along with great software for electronic execution. They also have the bread and butter services like clearing and execution at great prices, through solid partners.
So, anyone wondering what they do, that is some of what I know about their business.
April 4th, 2009 at 7:41 am
This is your BEST advice of the YEAR!!!!! Quite listening to all the “a-holes”!!!!!!! Advice is just like “a-holes”, everyone has one and none is the same. Do what is best for you and your family. DON’T invest in the stock market unless you TEACH yourself about how the market works. NEVER listen to advice from ANYONE about the stock market. BIGGEST - don’t go to classes to learn about the stock market. Use you own head.
April 8th, 2009 at 7:30 pm
brutal…
April 13th, 2009 at 12:43 pm
There are some very interesting perspectives in the use of this kind of software.. I’m not an expert on trading yet, but starting to get my feet wet.
But if trading choices become increasingly influenced by social recommendations online, it seems to me that it could open up a whole new dimension to trading - a dimension where a sort of ‘wisdom of the crowds’ approach to investing would make up a large volume of total trades.
I’d be interested in hearing some more educated thoughts on what sort of impact this might have on trading in the future.
April 14th, 2009 at 11:04 am
This blog site is very annoying. It does not have any contact information or help services. I have wanted to remove a comment that I made, and there is no method to remove my comment.
How does a website claim to be a blog, but there is nobody to interact with on a technical level (especially if it is published by a large company like Yahoo)? How does it not have help page? Why does it request my email when I post if I can’t remove my post?
This is stupid and frustrating.
April 19th, 2009 at 7:49 am
Come on chaps - update your blog more often!
You dont have to make every post about fantastic software you have created. Just chat!
April 22nd, 2009 at 6:37 pm
Sanjay,
I am not if this is the place to ask this question, so if it is not, please direct me to the appropriate section/person.
I really like the blogs that are provided for each stock symbol, what is your policy on selecting what blogs are listed? I only see a handful, do you plan on expanding this list? How should the bloggers who cover certain stocks regularly have their blogs listed on Y! finance?
Best,
Rajeev
April 28th, 2009 at 7:16 am
Stock share prices heavily depend on companys earnings,not on public relations.
April 29th, 2009 at 3:09 pm
Does having a ticker symbol help with the development of a site?
May 1st, 2009 at 1:11 pm
i want 2 open facebook if u can help me out
thanks
May 7th, 2009 at 12:15 am
Now the stupid as_ senate is passing a bill to allow illegal immigrants to draw social security! What do they have to do to prove they are anti american and could care less about this country or the americans that are here? We will be lucky to draw SSI and those that draw now do not get no-where near enough. Needless to say that SSI is already over-burdened and they are going to give it to illegals? It IS time to remove these jerks from office. This IS proof they have no idea what is going on. They are blinded by greed and are too busy padding their own bank accounts to see the truth. REMOVE THEM NOW!!!!
May 8th, 2009 at 6:33 am
Excellent idea - can’t wait to give it a go…
May 9th, 2009 at 6:45 am
Nice Site. I will be visiting more often as you have done a good job.%d%a
May 11th, 2009 at 6:13 am
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May 11th, 2009 at 7:16 am
good tool if we don’t know which stocks to buy.
May 15th, 2009 at 11:17 pm
Looks like a cool app, will have to give it a try.
May 16th, 2009 at 7:10 am
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
May 17th, 2009 at 1:48 am
Interesting site - thanks for the info.
May 17th, 2009 at 7:32 am
I really like this App.
Thanks boss
May 22nd, 2009 at 8:32 am
i have a facebook an myspace
May 22nd, 2009 at 8:33 am
In hey
May 24th, 2009 at 10:06 pm
Подписался на RSS, буду следить =)
June 1st, 2009 at 10:40 am
so true #3…what will be adding next?!
June 5th, 2009 at 1:02 am
gr8 tool
June 5th, 2009 at 1:05 am
nice site. Ty!
July 13th, 2009 at 2:49 pm
good site
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August 4th, 2009 at 3:21 pm
Interesting question about the ticket symbols.
August 4th, 2009 at 3:22 pm
Do they have any effect?
August 5th, 2009 at 10:37 am
Awesome! Will definitely add it.
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August 13th, 2009 at 4:36 pm
Great recommendation, thanks.
August 19th, 2009 at 7:35 pm
Wait are you sure your list of bullish leaders are not just spending their advertising money with you .Example calling Chace bullish fits along with liars.I’m with Chace as they called me after they notice my business account numbers and offer me their small business investment program so I purchase a 90 thousand dollar CD that matures every 6 months at 5!/4 percent with a promise of a call from their investment agent instead they roll my CD over to a 1/4 percent then after learning just how bullish they were I went to close my account one month before maturing they advise me to wait and another promise they would contact me on maturing date instead they never did call and by the time I got hold of somebody with authority like the bank mgr.they roll me over to 1/4 percent again.BTW after checking my file they did admit to the promise but then question me of why I did not contact their agent that only comes to the bank when needed.and they change everytime .My thoughts is why question me and why they did not meet their committments. I’m closing all my business accounts and personal accounts from bullish and seeking a bank with some honor on their word. I’m a small business owner overlook by a greedy bank!
August 19th, 2009 at 7:39 pm
So because of your choices I’m overlooking your blog good day but I do not trust you or your opioions! Good day ladies and gentlemen.
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August 22nd, 2009 at 3:53 pm
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August 23rd, 2009 at 7:54 pm
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August 27th, 2009 at 4:13 am
Thats really an interesting feature which can be added.
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October 11th, 2009 at 10:18 am
Even I didn’t read the whole thing I guess you got the point. Just need to work it out a little bit.
October 27th, 2009 at 10:00 pm
Hey I like to collect information on hot stocks so I added Hot Stock as friend from my Facebook account. May be useful for me and yes Thanks for Nice tips of market.
Pintu
November 3rd, 2009 at 6:14 am
as stated above a version for wordpress would be welcome. I do find the majority of facebooks aps do tend to be a way of latching onto your details and capturing your friends.
But this looks good coming from yahoo.