3 Ultra-Popular Stocks With No Buy Ratings on Wall Street
Looking to buy a stock? Chances are Wall Street has a favorable view of the publicly traded company you're looking to add to your portfolio.
According to data from CNBC, over 90% of all S&P 500 stock ratings from Wall Street analysts were the equivalent of "buy" or "hold" between 1997 and 2017. With the exception of short periods in 2002-2003 and 2008-2009, sell ratings have consistently accounted for only 1% to 6% of all ratings for S&P 500 companies this century.
One reason for this "buy bias" is due to the U.S. and global economy growing over time. Historically, the stock market moves higher over the long run, too. Wall Street analysts might simply be playing the favorable odds that higher-quality businesses will increase in value over time.
Source Fool.com
