Wall Street had been on a hook in viewing Macy’s turkey. Since earlier January this year, the stock has been on a fall which had made the company to announce its closing of entire bunch of stores due to bad performance.
Not a good go for thanksgiving on behalf of investors as the year is almost over. So well what do you expect from this? The analysts who cover Macy’s stock would have offered some degree of caution before disaster struck. No way!
In 2014, approx. twenty three Wall Street analysts had been offering an investment opinion over Macy’s stock. Seventeen amongst them preferred for every customer to purchase Macy’s stock while rest of the six claimed the stock as “hold”. Not one Macy’s analyst a year ago gave investors the correct recommendation for 2015: Namely, sell the stock now and run a mile as per Thomas Reuters. Ofcourse it is not that amazing!
An overview of turkeys sold in year 2015 has depicted the same pattern constantly. The analysts on the other hand were not expecting such a bigger bombardment. Even though if they gave it a consideration, they might not have generated a any published report as a result.
In S&P 500 stock index of year 2015, Consol Energy (coal giant) has performed too badly. It’s down a staggering 77%. Yes, really, you’ve lost three quarters of your capital in 11 months. Among twenty three analysts who had covered the stock in year 2014, only nineteen (as per estimated by Reuters) preferred it as “buy” while the other three were neutral and one was in an opinion of “sell”. So far it is that 4% of the analysts got it that accurate.
On overviewing Keurig Green Mountain, it was down at 64% this year. But just one analyst out of fifteen gave an opinion of “sell. Half of the remainder stated a “buy”.
As for Disastrous Wynn Resorts that was down at 60%. A year ago, more than half of analysts covering it stated a “buy” to that stock.
Moreover, this year, Yahoo under Marissa Mayer has battered another 34% of its stockholders’ wealth, “but a year ago not one of the analysts covering it warned it as “sell” instead, twenty two of thirty six rated it as a “buy”. In short, every analyst comes under pressure to publish positive reports.
