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Is Zacks Really Any Good? - Voice of the People

Zacks' Voice of the People Highlights user badger729: "Is Zacks Really Any Good?" from the People & Picks community.

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Is Zacks Really Any Good?

I dabble in stock picking here and there, as part of an overall balanced and hedged investment portfolio, and I decided to track the zacks rank, buying into a stock when its listed as a #1, and selling as soon as it is off the #1 rank. I subtracted out my trading costs, which are 4$ a trade, and looked at the pretax return of my portfolio on a daily basis. This is a very small subset of the data, but these are the results, using a $2000 investment for each position. These are some of the positions I closed from 10/28-11/4.

Immunomedics (IMMU) .62%/day
Coca-Cola Amatil (CCLAY) .19%/day
Wyndham Worldwide (WYN) -.11%/day
Krispy Kreme (KKD) .47%/day
TPC Group (TPCG) .098%/day

Keep in mind this was just moving in and out of positions as Zacks made the recomendations, and bigger gains may have been captured had I used some of my own intution, but when all the math is said and done the portfolio return is 1.795%/day. Over 260 trading days this would work out to a simple return of 466.7% over a year. I guess these guys know what they are doing.

Keep in mind, also this is not the only tactic needed for a good investment portfolio, and that these gains were all during a great bull market over the past couple months, and I was not going short any positions.

I just thought some people might find this interesting, happy trading :)

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more visit http://www.PeopleAndPicks.com
 
IMMUNOMEDICS (IMMU): Free Stock Analysis Report
 
KRISPY KREME (KKD): Free Stock Analysis Report
 
WYNDHAM WORLDWD (WYN): Free Stock Analysis Report
 
Zacks Investment Research

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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