TV Financial Analyst Predictive Power: The Case of <i>Jim Cramer</i> of Mad Money

In this study, using a unique dataset collected by web-scraping (using Python Programming Language), we assess analyst predictive power and whether analyst experience is associated with predictive power by tracking Jim Cramer’s predictive power for future stock returns over a two-year period. We find that Jim Cramer’s accuracy may be limited to positive and buy recommendations. Additionally, we find that there is improvement in...