With respect to stocks split or dividends, a pay date is the date that a company pays a dividend or stock split out, which is usually the day before the ex-dividend date.
Archives
Message Board
A location on a Web site dedicated to the discussion of a particular topic, usually a single stock or industry sector. Discussions are not real-time. Someone posts a message, and then others respond over a period of hours or days.
Normalized Earnings
Profits a company can be expected to achieve taking out cyclical effects and unusual events such as one-time write-offs caused by late product releases, customer bankruptcies and the like.
Mixed Lot or Broken Lot
An order with a volume that combines any number of board lots and an odd lot.
Payment for Order Flow
A payment made by a market maker to a broker as a thank you for directing your stock trade to that market maker.
Operating Income
Sales minus all expenses except income taxes and other items not related to basic business.
Mid-Cap
Company with market capitalization between $2 billion and $7 billion.
Odd Lot
A block of stock consisting of less than 100 shares. When odd lots trade, a premium is usually tacked on by the specialist or market maker. These receive the least favorable price and trade last.
Model
A strategy for selecting stocks using screening criteria that have been found to work in the past.
Operating Margin
Operating income divided by sales.