Zacks is one of those websites that has been around forever. For some reason or another, you see their "Zacks Rank" appear on other websites as if there is any sort of validity to it.
I signed up for Zacks Premium and found that there wasn't much difference between the free version of the site, so I canceled. The customer service rep actually hung up on me (intentionally), so I had to call back just to make sure my cancelation request was processed.
The Zacks rank tends to be a LAGGING indicator, which only serves to validate an existing trade. Zacks will upgrade their stocks after they have already broken out; likewise, Zacks downgrades stocks after they have already experienced massive draw downs. As other reviewers have already explained, using the Zacks Rank as a trading signal will result in losses. They advertise that only buying Zacks #1 ranked stocks will result in 30% year-over-year returns, but that is completely false. Don't fall for it.
The free articles themselves are not bad. They are usually short and sweet and full of trade ideas, like "5 Best Stocks To Buy In A Down Market". Obviously do your due diligence. Today they recommended EFOI which is already up 30% in the past week (they kind of missed the boat with that pick).
Alas, I do not check Zacks regularly unless I stumble upon one of their articles on Yahoo Finance. Do not give them your email address!
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
3 of 3 people have found this review helpful.
Was this review helpful?