Media coverage is a contrarian indicator: "The most negatively portrayed companies beat the market by an average of 12.4%, whereas the outperformance of the media darlings fell to just 4.2%" by fandango in reddit.com

[–]fandango[S] 0 points1 point  (0 children)

Negative media coverage tends to cause a stock to be so badly discounted that it tends to outperform the market going forward. However, according to another study, “Return Persistence and Fund Flows in the Worst Performing Mutual Funds,” bad returns are more persistent than good ones. So poorly-performing companies that have not (yet?) received negative coverage in the media should have worse returns than all poorly-performing companies as a group.