$TMC I asked AI to give me historical examples of when Zacks completely got it wrong.
Prior to its historic 700%+ rally in 2020, Tesla frequently struggled with production bottlenecks and negative near-term quarterly EPS revisions. The Zacks algorithm predictably downgraded Tesla to a
#5 Strong Sell multiple times during this period based purely on trailing estimate cuts. The algorithm was entirely blind to the sudden explosion in consumer demand and institutional fund inclusion that ignited the historic run just weeks later
Amazon was another example.
I know this isn’t apples to apples. Shoot, this frontier hasn’t even been explored yet. But “historic run” and “sudden explosion” will also be terms we will see.
The Zack’s downgrade is and will be a “nothing sandwich “. IMO of course