The 24/7 Wall St./Flame Index: March 8 Coal Drop Hits Massey

Bad press about Chevron (NYSE: CVX) rose on news that a federal judge would delay an $18 billion damage judgement made in Ecuador. Rite Aide was hit by poor press as the Supreme Court said it will not hear “pay for delay” drug settlements. JP Morgan (NYSE: JPM) closed part of its European trading desk. One of Massey Energy’s rivals bought a smaller firm. Note: The Flame Index scans thousands of news sites 24 hours per day and ranks companies getting the most negative press right now. The Flame Index Media Analysis Algorithm crunches the data for an up-to-the-minute ranking of the hardest-hit companies.

The Flame Index started as a research tool in 2008 at the NY Innovation Design Lab (nyidlab). It was used as a general metric to evaluate companies and their risk in the media. Publicly traded Fortune 500 companies are used as a measure to calculate an overall market of negative news and the companies are ranked within that market

Rank Company Ticker Score Change in Rank Comments
1 Chevron CVX 37.166 +123 More news on $18 billion environment judgment
2 Rite Aid RAD 32.556 +42 Supreme court rejects case that would have protected sales
3 J.P. Morgan Chase & Co. JPM 31.228 +48 Closes important trading desk
4 Target TGT 25.368 +36 Concerns grow over cost of energy and impact on retail traffic
5 Intel INTC 25.289 0 Increased competition from Nvidia in portable device market
6 Massey Energy MEE 24.153 +726 Price of coal drops and rival makes good M&A deal
7 Goldman Sachs Group GS 23.199 +12 Lingering concern about size of legal judgments for derivative instrument sales
8 Toyota Motor Corporation TM 22.904 -4 High gas price will hurt dealer traffic
9 AFLAC AFL 22.813 +14 Lands on Fortune’s most admired companies list
10 Symantec SYMC 22.745 +652 Number of visible cyber-attacks increases.

Data and ranking provided by the Flame Index.

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