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Keith's Tip - Always does what Wall Street does, not what it says
Case in point, Berenberg lowered $BA price target to $150 today citing near term #coronavirus risks, uneven global air traffic recovery, 737 MAX production and delivery problems
Ummm...
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Case in point, Berenberg lowered $BA price target to $150 today citing near term #coronavirus risks, uneven global air traffic recovery, 737 MAX production and delivery problems
Ummm...
<thread>
Much of Wall Street's commentary is misleading, self-serving, deceptive double-talk. It's also, like this call, firmly in command of the obvious
Ratings terminology, especially neutral and hold, are ways analysts hide & preserve face even as individual investors get clobbered
Ratings terminology, especially neutral and hold, are ways analysts hide & preserve face even as individual investors get clobbered
Take Enron, for example.
More than half of all 15 analysts following it maintained buy ratings until the very end. Just two - RBC Capital and UBS Warburg - downgraded the stock from a "strong buy" ... after it had fallen from $84.87 to $4.14.
More than half of all 15 analysts following it maintained buy ratings until the very end. Just two - RBC Capital and UBS Warburg - downgraded the stock from a "strong buy" ... after it had fallen from $84.87 to $4.14.
Four analysts still rated it a buy at $0.61 prior to removal from the SP500 and 2 of the 4 called it a "strong buy."
Wall Street analysts are famous for missing gargantuan shifts time and again. Use it for background, nothing more.
Instead ...
Wall Street analysts are famous for missing gargantuan shifts time and again. Use it for background, nothing more.
Instead ...
Pay attention to the money managers who actually make decisions. They're the ones paid for results, not opinions.
Make sense?
#intowin #investing #trading
Make sense?
#intowin #investing #trading
