Zacks Review: Len Zacks formed Zacks Investment Research in 1978. Zacks.com is the home of Zacks Investment Research, a website dedicated to investment-related content. Like many of the great investors, Len believed he could find patterns in stock market data. Patterns that would lead to superior profit results. As a result, he developed his own stock picking system, called Zacks Rank.
Naturally, those results were generated by using a backtesting procedure. It’s unlikely that anyone would follow the whole system to the letter for 30 years in a row. It’s a key with any kind of investment alerts and recommendation like these. You can’t cherry-pick among their recommendations if you want to achieve the same results.
Zacks Rank uses earnings surprises as a predictive tool. In fact, his research led him to think that “Earnings estimate revisions are the most powerful force impacting stock prices.”
You may have to spend some money first to maximize what Zacks has to offer. Hence this Zacks review. The premium service costs $249 per year. Among other things, it’ll give you access to their special stock screeners.
Zacks Premium offers a 30 day free trial and a 90 day money back guarantee. However, that may not be enough time to learn how or if it works. Check out other Zacks review articles to find out other traders thoughts.
The system is for longer-term investments. It’s almost certain that trading all their recommendations will require more than $10,000. For example, Zacks Investment Management is an offshoot of the Zacks Investment Research. Hence this Zacks review.In fact, they work with individual investors, with an emphasis on individuals who don’t have a high net worth.
Yet, the minimum required to open an account is $500,000. I’m just mentioning this to make the point that; a system designed for longer-term investments typically demands a sizable amount of money to invest. On the other hand, day traders who’ve mastered their craft can generate high returns too; with a lot less capital or without the big draw downs often associated with long-term investments.
In this Zacks review we do the research of the company for you. In fact, if you like doing research on your own, their website has a lot to offer. If you are someone with a sizable amount to invest and you don’t have the time or inclination to do all the research, the $299 per month Zacks Ultimate subscription does it for you.
Again, the portfolio generated is grounded in the Zacks Rank system. You can try the Zacks Ultimate subscription for 30 days for the modest sum of $1. However, the examples given on their website show double and triple digits gains over periods ranging from 2 months (with options) to 15 months.
You may not have enough time to evaluate the program. Nonetheless, for $1, it may worth a try. Here’s what you get for $1 during the 30 days trial of Zacks Ultimate:
They automatically bill you $299 a month after the first month… Hopefully, you’ll remember that. If you like to do the research yourself while taking into consideration what other experts are doing, the Zacks Investor Collection may be a better service for you.
You can also try it for a dollar, and if you keep the subscription, the cost is $59 per month or $495 a year. You will have a lot to choose from; 8 different private newsletters with buy/sell recommendations, and market commentaries to quench your thirst for information. Just a reminder to check out other Zacks review posts to get other traders thoughts.
Whatever you do, never forget that regardless if you’re a long-term or short-term investor, just like day and swing traders, following without learning and understanding what you are doing rarely works, if at all.
Regardless if you do follow alerts or not, you must use proper money management techniques to preserve your capital. Without those things, this Zacks review doesn’t mean much.
Granted, this company is better known for their long-term investors’ breakthrough tools. In fact, popular ones are the consensus earnings per share (EPS) estimates and the Price Response Indicator (shows what a stock price is likely to do after an earnings report). Then there’s the Earnings ESP (not Extra Sensory Perception but close), the Expected Surprise Prediction.
The Earnings ESP sounds like something short-term traders could use as it determines the likelihood of an earnings surprise BEFORE it’s reported. In fact, savvy day traders could use the information to prepare the trade and be ready to execute upon confirmation of the prediction.
Even if you are exclusively a day trader, there are times when you need to do a bit of research on your stocks hot list of the day. As a result, Zacks offers comprehensive data for more than 5,000 companies, including sales and earnings estimates, revisions and past surprises.
Short-term traders may like to use their website to take the pulse of the market. However, day traders may use free tools to generate trading ideas. There is a free registration option to access quotes, charts, news & basic research, portfolio tracker & email alerts. You can even consult the famous Zacks Rank scoring for stocks, mutual funds & ETFs.
If you register with Zacks you are agreeing to receive communications, i.e. you will be on their mailing lists (plural). As a result, you will probably receive more offers than you’d like to. You can register or just find out more about their services here.
Remember that ultimately, to be a successful trader, it is best to learn what to do vs. being told what to do. As American novelist, Alice Walker says “The most common way people give up their power is by thinking they don’t have any.”
When you become a Bullish Bears Paid Member, you gain your power via $3,000+ worth of online trading courses that will help make you an independent trader whose family will be proud of them. Above all, you learn by accessing any of our 3 trade rooms and watch our live daily streams with mentoring and real-time charting, which means you’re never alone.
Our regular day trade and swing trade watch lists will alert what to watch for and will help you understand technical analysis in a practical way, just like the big boys. Our Facebook trading community is over 30,000+ members strong, just waiting for you. It is all here at Bullish Bears.