With the recent sustained/continued stock market rally, and economists talking about economic recovery and small growth, the analysts have started to sing their same old tune. Now that the investors are a bit more optimistic, and more willing to take risky bets, they have started to recommend companies left and right again. They are starting to upgrade more companies, especially those that have recently showed increased profit (or lower losses) in the recent quarter.
My word of advice, stick to your own research and analysis. Don’t take unnecessary risks, or jump on stocks just because they have been recommended, upgraded, etc. When many stocks were very cheap and selling way below their intrisinic value, the same analysts would downgrade and tell you to sell them.
My hands full in other matters, so for the next while my posts will be relatively short.
Thanks & Happy Investing!
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