Worst Wall Street Clichés

[NoDoji]

Quote from Bolimomo:

There is no entry for "sell" in a Financial Analyst's dictionary.

There are: buy, strong buy, morgage-your-house-to-buy, hold, neutral, outperform and "market perform".

What the hell does "market perform" or "sector perform" mean any way?

"neutral", "market perform", and "sector perform" are the code words for "sell"

From the looks of X action yesterday, being moved from "conviction buy" to "buy" is also a code word for "sell".

 

[schizo]

Quote from NoDoji:

"neutral", "market perform", and "sector perform" are the code words for "sell"

From the looks of X action yesterday, being moved from "conviction buy" to "buy" is also a code word for "sell".

Here's the cliff's note to analysts' ratings:

http://www.finra.org/Investors/Smar...nderstandingSecuritiesAnalystRecommendations/

 

[bwolinsky]

Quote from Bolimomo:



What the hell does "market perform" or "sector perform" mean any way?

Market perform is a stock within +/- 10% of the future, or some other percentage depending on which firm made the call. Sector perform is within 10% of the benchmark's sector. Market outperform is exceeding the market by 10+%. Market underperform and the stock is predicted to underperform by 10% to the market. Strong buy is an absolute price call beating the market by at least 10% over 6-18 month periods.

Generally these are all relative to benchmarks, but it depends on the analyst and who they're with.

 

[Gcapman]

Wall Street is the biggest cliche