Rules of the Game: Thickening Targets
Earlier this week, I put the spotlight on large-cap names with strong records of earnings stability. That can be a precursor to further price gains. But, as I mentioned in that piece, estimates reflect institutions' current level of confidence in a company, so these also worth a look when you're building a watch list.
Most retail investors assume analysts' estimates are, for the most part, overly optimistic. But expectations can just as easily be wrong on the low side. While I acknowledge estimates are likely to be wrong in either direction, it is still worthwhile to track these as an indicator of a stock's potential....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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