Can investor profit from thr prophets?

Never take academic paper too literally.

But factors to consider when using analyst rating to pick stocks:

1. Size of the firm

2. Delay between your trade and the rating report

3. Positive / negative rating (negative usually yield higher profit which last longer according to the paper)

4. A lot of trades are required to make it work

From the paper:

"Ceteris paribus, an investor would be better off purchasing shares in firms with more favorable consensus recommendations and selling shares in those with less favorable consensus ratings."

太多英文，唔想睇

Ibanker has summarised it for you

New paper by jegadeesh suggest opposite evidence. Higher residual analyst coverage, higher momentum returns.

Always take finance paper with a grain if salt

Log out啦

你唔駛袋錢落班垃圾袋

否則佢哋肯定會逐個文法錯誤入你位

我一早講過，佢哋係喺度食喺度屌嘅仆街嚟

唔好再自爆喇

Gbus 好厲害

淨係睇你個title

就算係相關行業人士

都根本完全唔會知up𡁵乜（以為finance x 耶撚）

份paper其實都係，要睇埋abstract先知