Salem Media Group has acquired the product line of investment strategist Mike Turner, the company announced on Thursday. The publisher and broadcaster of conservative Christian content, based in Camarillo, will add Turner’s offerings to its financial services arm, Eagle Financial Publications.
“Mike’s ‘TurnerTrends Tools’ is an amazing product that uses 2.8 million lines of proprietary software code to rank more than 6,000 stocks and ETFs,” Roger Michalski, vice president and publisher of Eagle, said in a prepared statement. “I’ve never seen a more powerful tool for the individual investor.”
Turner is a systems engineer and finance expert who advocates a disciplined, rules-based approach to trading, Salem said in a press release. The acquisition includes his website TurnerTrends.com, publications Signal Investor and Quick Hit Trader and algorithmic trading software program TurnerTrends Tools.
The stock of Salem Media Group fell nearly 3 percent, or 15 cents, on Thursday to close at $5.60 on the Nasdaq.