Purpose -The purpose of this paper is to examine stocks that are most actively discussed by online posters and see if the messages posted about these stocks have information or if they are just noise. Design/methodology/approach - This study uses messages posted on TheLion.com, which reports a...

We find that in contrast to the stock market, which performs better during Democratic presidencies, “sin” stocks — publicly traded producers of tobacco, alcohol, and gaming — perform better during Republican presidencies and even more so when the Republican presidency is accompanied by a...