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Ahead of the Market : The Zacks Method for Spotting Stocks Early -- In Any Economy

Ahead of the Market : The Zacks Method for Spotting Stocks Early -- In Any Economy

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Product Info Reviews

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Rating: 5 stars
Summary: Excellent Resource
Review: This is an excellent book for anyone that really wants to know how to make great returns in the stock market. The Zacks method has worked well despite the current economy. I am hoping to take advantage of many of the techniques they discuss, specifically watching the Zacks Performance Ratings of the analysts. Definitely a must read, and very informational as well!

Rating: 3 stars
Summary: And the meat is still in Zacks' own pocket
Review: With recommendations on the back cover from John Bollinger, Burton Malkiel and Victor Niederhoffer, I did have high expectation on this book but I had been a little bit disappointed. The recommendation or the content is very straightforward. As concluded by the author, they include 1) buy stocks that are receiving upward earnings estimate revisions and sell stocks that are receiving downward earnings estimate revisions owing to "analyst creep" and delayed price response. 2) buy companies that are reporting earnings better than expectations and avoid companies that are reporting earnings worse than expectations owing to post earnings announcement drift and "cockroach effect". 3) subscribe the Zacks Rank, which somebody did the homework of the above for you with a fee 4) focus on changes in analysts' recommendations over time. The catch is: I doubt only a very small percentage of home investors have the time or resources to execute any one of the recommendations above for long and as a result they can only go to Zacks Investment Research for help, and thus bringing the whole book to something not far from a sales talk.

In short, if you are already aware of the innate problem with any analysts' recommendation and you are not going to subscribe to any fee based research, this book is not for you. However, if you are a green hand in the investment game, prepared to shop for a research report and pick the stocks yourself, this book may still worth a read.


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