Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. UBS analyzed the emotion in 118,000 earnings calls — and the results suggest great news for stocks this earnings season It's no secret that an upbeat earnings call likely means good things to come for a company's stock. So UBS set out to analyze the conference call from every S&P 500 company in the US and Europe from every quarter for the past seven years to see just how often this is true. The resulting data set of 367 million words from 118,000 calls signals yet another earnings blowout this season, the bank said after analyzing the emotions behind executives' language in the calls. "The positive momentum in net sentiment, an 8%+ Q1 earnings surprise and a solid macro backdrop reinforce our US Equity Strategy expectation for a Q2 beat of 3%+ in the US," a team of analysts led by James Arnold said in a note to clients this week. "Furthermore, the trend also reinforces the optimism seen in terms of corporate spending and increased corporate flow through share buybacks, dividends and M&A." NYSE blasts upstart IEX's claims that it's misleading its listed companies in brutal letter Just when we thought the war tearing apart Wall Street couldn't get any more heated, it just did. The New York Stock Exchange has submitted a brutal letter to the US Securities and Exchange Commission, responding to accusations made by IEX in its own comment letter about a pilot that would shake up US stock trading. The so-called transaction fee pilot would ban exchanges in certain instances from using rebates, which are incentives to lure traders to their venues. Upstart exchange IEX has long-called for the elimination of rebates, but most recently it blasted rival NYSE for calling on its listed companies to urge the SEC to pump the brakes on the pilot. More here. In markets news |
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