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NBR's Webster is Back!

Statewidestocksdropdown

I must begin this blog entry with an apology. Back in May (yes, way back then), I published my first entry in Impromp2. And, in that entry, I promised to bring you relatively regular entries about different features of the Nightly Business Report website. Well, no matter how you define “regular,” I failed miserably. I could list all the reasons for my failure here, but why clutter this blog up with excuses? Instead, I want to jump right into the real content – your introduction to another feature of the NBR website.

This time, let’s talk “Statewide Stocks.” This feature allows you to review the performance of the biggest publicly traded companies in any state in the union. How do you use it?  Simply click this link: “Statewide Stocks.” When you get to the page, click on the dropdown menu next to “Select a State.” Pick your favorite state.

In this example, I’m going to select Florida because I’m a Floridian and because WPBT Channel 2 is in Florida. As soon as you make a selection, a list of the thirty companies with the largest market capitalizations in the state will appear. (For those of you new to investing, market capitalization is the total dollar market value of all of a company’s outstanding shares of stock.) Currently, in Florida, FPL Group, Carnival Corp, CSX, Royal Caribbean, and Harris are at the top of the list. FPL has a market cap of more than $28 million.

To learn more about a company on the “Statewide Stocks” list, simply click its name. A new screen will appear. This screen contains a table with the latest data on a company’s stock. In addition, you can chart the performance of the stock for nearly any span of time, from one month to one decade. I just charted FPL Group’s stock for a decade, and it has had a good run.

If you use the chart feature, you should know the blue line charts the actual stock price day to day. The red line is a simple moving average, basically the average stock price over a certain period of time. If you like, you can determine how the average is calculated by adjusting the period of time with the “Simple Moving Average” dropdown menu above the chart.

You’ll also want play with the “Relate Symbol” option above the chart. This allows you to compare the stock you are currently reviewing to another stock. Simply enter the symbol of the second company in the box next to “Relate Symbol” and click the “Get Chart” button. In an instant, the red line that was a simple moving average adjusts, becoming a representation of the stock price of the second company you selected. In my example, I chose to chart Ford (simply because I could remember the stock symbol, “F”) against FPL.  My, how the red line (Ford) goes down while the blue line (FPL) goes up! Those certainly are two companies with dramatically different stock performance over the past decade.

Statewidestockschart

See what you can learn with the help of the “Statewide Stocks” feature on the Nightly Business Report website!

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