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Whisperers Shout on Wall Street

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R. Winn Hardin

Investors interested in the photonics industry would do well to listen to the "whispers" on Wall Street, according to a recent research study. The study by Mark Bagnoli of the University of Michigan, Susan Watts of Purdue University and Messod Daniel Beneish of Indiana University looks at the correlation between "whisper forecasts" and stock market prices at the times of quarterly earnings reports. Whisper forecasts are unofficial estimates of earnings per share. They tend to deal with "high-flying, high-tech" stocks, Bagnoli said. The group compared the accuracy of 943 whisper forecasts...Read full article

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    Published: June 1998
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