search query: @indexterm financial market trading / total: 54
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Author: | Barber, B. et al. |
Title: | Can investors profit from the prophets? Security analyst recommendations and stock returns |
Journal: | Journal of Finance
2001 : APR, VOL. 56:2, p. 531-563 |
Index terms: | Financial market trading Portfolio management Return on investment |
Language: | eng |
Abstract: | The authors document that purchasing (selling short) stocks with the most (least) favorable consensus recommendations, in conjunction with daily portfolio rebalancing and a timely response to recommendation changes, yield annual abnormal gross returns greater than four percent. |
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