TheStreet.com, Inc. (Nasdaq: TSCM - News), a leading provider of financial commentary, analysis, research, news and financial ratings, today announced that portfolios on Stockpickr.com, the Company's wholly owned subsidiary, will be assigned an independent letter-grade rating based on an average of the ratings of the individual stocks within the portfolio.
Ratings are assigned to more than 800 professional portfolios and more than 95,000 user- generated portfolios currently housed on Stockpickr.com, allowing individuals to make a direct comparison between the rating of their own portfolio to those of professionals.
"We're looking to provide members of our community with the tools to challenge themselves to become the best investors they can be, in a way that's never been done before," said James Altucher, President of Stockpickr.com. "What better way than to give them the ability to compare the rating of their personal portfolios with that of Warren Buffett -- for example -- on a simple letter grade scale?"
Linked to TheStreet.com Ratings, portfolios within Stockpickr.com are rated with TheStreet.com's proprietary statistical models that use key financial metrics and indicators to rate stocks for an overall quality score.
"Dynamic integration between TheStreet.com Ratings and Stockpickr.com is a terrific example of our focus on delivering fresh, engaging services to our community," added David Morrow, the editor-in-chief of TheStreet.com. "We are taking proprietary tools and combining them in innovative ways to keep our community actively interested in what's going on at our network of Web properties, while at the same time we're providing unique sponsorship opportunities to advertisers."
Stockpickr Ratings joins StockBlogr - the first blog search engine devoted to accessing the top financial blogs on the Internet today, and "Street Answers" - a free question-and-answer search platform for stock and investment ideas, as the third module launched from Stockpickr.com since it was acquired by TheStreet.com in April.
Anyone can create a portfolio and get it rated by visiting: www.stockpickr.com.
About TheStreet.com, Inc.
TheStreet.com, Inc. (Nasdaq: TSCM - News) is a leading multimedia provider of business, investment and ratings content, available through its proprietary properties, which include Web sites, email subscription services, print, radio, syndication and audio and video programming. Founded in 1996, TheStreet.com, Inc. pioneered the electronic publishing of financial information on the Internet. Today, the Company offers proprietary information on stocks, mutual funds, exchange-traded funds (ETFs) and financial institutions, including various insurers; HMOs; Blue Cross Blue Shield plans; banks and savings and loans. The Company's breadth of top-grade services empowers a wide audience of retail and professional investors, by delivering information they can rely upon to make sound, informed financial decisions.
Thursday, August 2, 2007
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