NEVER Listen to ‘Analyst’ Stock Ratings — Follow This Instead

by | Sep 17, 2021 | Stocks

Let’s be blunt… Wall Street is full of idiots. 

Some people might call them “analysts,” but not me… 

They’re clowns in three-piece suits and the worst people to follow in the markets.  

Traders who take analyst stock ratings at face value will lose their shirts and I’ll head on down to Goodwill and buy ’em for 50 cents.  

Right now, they’re coming after one of my favorite stocks I’ve had a lot of success with in recent weeks — Las Vegas Sands. 

So I’m going to show why listening to these donkeys can get retail traders in trouble…

Then I’ll point out where they should be looking to get that next hot lead!

The Problem With Analyst Stock Ratings

This week, the analysts decided it was a great time to cut their price targets on Wynn Resorts Ltd. (Nasdaq: WYNN) and Las Vegas Sands Corp. (NYSE: LVS) over fears of more Macau regulation and travel restrictions. 

Well, they’re late to the party again…

The last time these stuffed shirts gave a sell target it was at $57, and shares traded for $55.50. 

Looking at the six-month chart, it’s possible someone could think that was good advice with the stock now trading around $37.50… 

Except that if you were holding on Feb. 8, you’d have missed out big time. The stock spent the next four weeks on a run that saw shares jump over 20% to 52-week highs.  

If you go through and chart out the so-called analyst stock ratings, we start to see a trend…. 

The upgrades tend to come at the top of the range on a move up, while the big moves after the downgrades go vertical. 

And that says nothing of the half-dozen gap fills traders could have played on the ride down — like I have. 

That’s why I don’t much care about anything these desk jockeys say. Instead, I pay attention to where the big institutions in the trenches put their money…  

Because if the seven-figure buys I’ve seen in LVS are any indicator, they don’t care about analysts, either.  

Check out the quick video below and let’s talk about analyst stock ratings, and I’ll give you $4.6 million reasons why I’m not listening to them. Don’t forget you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. 

And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com! If you have questions or a topic you’d like to discuss, email me at lance@newmoneycrew.com.

P.S. No one wants to work weekends, we get it. But would that change if we learned that we’re leaving thousands of dollars of potential profits on the table?

Probably.

Millions of traders, from Wall Street to home offices, grind it out Monday through Friday, waiting for the weekend.

But here’s the secret…

They’re neglecting the fact that hundreds and even thousands of dollars are up for grabs every single weekend.

I’ve discovered a rinse-and-repeat plan that anyone with a cell phone and a brokerage account can take advantage of every week.

Don’t Waste the Weekend

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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