Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
This paper applies a short run event study methodology and a long run buy and hold methodology to test the performance of stock recommendations made on the CNBC show Fast Money. For both tests, I compare realized returns of sample recommendations to a benchmark meant to estimate expected returns. The results suggest that buy recommendations generate significant abnormal returns the day following the show, but holding a portfolio of these buy recommendations over the duration of a year does not provide significant abnormal returns. Clear winners and losers emerge when the recommendations of individual panelists are put to the test.
Hull, Justin, "Strategies for the Modern Investor: Evaluating Stock Recommendations from CNBC’s Fast Money" (2020). CMC Senior Theses. 2290.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.