Article,

Good News or Bad News? Let the Market Decide

, and .
Computing Attitude and Affect in Text: Theory and Applications, (2006)

Abstract

A simple and novel method for generating labeled examples for sentiment analysis is introduced: news stories about publicly traded companies are labeled positive or negative according to price changes of the company stock. It is shown that there are many lexical markers for bad news but none for good news. Overall, learned models based on lexical features can distinguish good news from bad news with accuracy of about 70%. Unfortunately, this result does not yield profits since it works only when stories are labeled according to cotemporaneous price changes but does not work when they are labeled according to subsequent price changes. ER -

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