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Zacks.com

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Great if you want to spend money to lose money!
I think the best approach is to share an email that I wrote to Zacks this morning:

I will not be going beyond my free trial of Zacks Ultimate. Please confirm that my credit card will not be charged on expiration of my trial. During my trial so far, I have purchased 17 recommended stocks with an expenditure of $74,991. I have sold 4 of those and my net result at the moment as the market opens is negative $622. I would guess that will be heading down more today with negative futures. (It went down considerably more).



If this email is going to Kris Gaytko, my explanation is a waste of my time because being the incredibly ace salesman that he is, I will get an answer like this one from him:



Sandy, you’ve already read my full throated defense of Zacks in prior emails.



You said it yourself: “but the only thing that counts is making money - not losing it.”



If our research and picks helps your portfolio, by all means we welcome you as a subscriber.



If our research and picks do not help your portfolio, perhaps this is not the service for you.



Great salesman - should win financial salesman of the year!!



I found it rather amazing when one of your advisors was shorting Under Armour at the same time another was going long on the same stock. I further found it amazing when one of the managers decided to sell out of Netflix going into earnings. I happened to be an owner of the stock having purchased it previously and of course that sell recommendation made me wonder if I should close my position. By not following your advice, I was up $1100 more after the blow-out earnings announcement. Fortunately for my portfolio, I disregarded your advice.



Last year I also had a 30 day trial around the first of the year and lost just under $2000 during the trial.



Needless to say, I have been unimpressed with your performance.



As an aside, I thought that the brand new TAZR portfolio which opened last week might hold some promise. I purchased 3 of the stocks and paper traded the other 3 (I typically purchase around $4500 for each stock). Fortunately, the 3 that I paper traded are all losers. The net for the three I purchased with the three I paper traded is positive $88 - startling return on $26,869! (As an aside, I am well into the negative today - January 30th).



I would assume that no one at Zacks particularly cares about what I have to say in that I assume that Kris Gaytko is representative of your culture - seemingly uncaring about customer or potential customer opinions and/or observations.



BTW, I find it amazing that you do not publish your various portfolio results (as you used to) versus the S&P 500 as does every other mutual fund and financial service I have ever investigated. Gaytko gave me some inane response as to why you do not which simply did not compute for anyone with a modicum of logic. The S&P 500 has an appreciation of 2.44% going into today’s market. My result of negative $622 does not exactly match up to that performance in that had it done so, I would be positive $1830 rather than a negative $622.



Again, anything I wrote beyond telling you to not charge my credit card assuredly will fall on deaf ears - especially if Gaytko is the recipient of this missive! Again, please confirm that my card will not be charged on expiration of my trial.

One more comment not in the note to them. They make a big deal over their Zacks Rank. Here are two examples of how ridiculously inaccurate these ranks can be. FRAN has a Zack's rank of 1 - the top rating, but it was sold today by two of their portfolio managers. An example of a stock rated 5 by these rocket scientists is AMZN. Perhaps the service can be used to short their long recommendations and go long on their shorts! Avoid these boneheads who are too ashamed to publish their portfolio results.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Pedalmasher Seminole, Florida

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Bait and switch
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.
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Bostonfields Boston, MA

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Intersting info but you can't stop the spam
I thought it was a very interesting service, and discontinued using them only because I wasn't investing any more - and then the Spam started. I keep getting mailings from other companies, largely garbage, but coming from pros@zacks.com - I have asked repeatedly to be removed, but have gotten no responses. What makes it worse is they put a very crappy opt out message basically saying if you try to opt out from that particular vendor, Zacks can't control what they do with your information. Seriously? And there is no place on their site where I can actually seem to opt out - this is not only ridiculous but likely illegal. Buyer beware.

Here's the exact language:

"Notice: Please understand that by opting out from future emails from this advertiser, you are transferring or authorizing the transfer of your email address to the advertiser listed above. Zacks has no control over how your email address is used by the advertiser or other third parties. Accordingly, Zacks disclaims all responsibility and liability arising from the subsequent use of your email address that is made possible by your submission of your email address above. You are receiving this email from Zacks Investment Research because you chose to receive messages from Zacks’ partners on the Zacks web site(s). Please note that Zacks does not produce or endorse this product, and assumes no responsibility for the use thereof."

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
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Zacks Home Run Investor
I paper traded Brian Bolen's "Home Run Investor" stock picks from Feb to Sep 2014. His picks averaged a 10.22% LOSS per pick over 38 picks during this time span while the S&P500 was UP 13%. Investing ~$1,000 per pick led to a $4,000 total loss. And his fund performed as one of the best during two separate one month trials of all their dozen advisory services during 2013. Definately avoid these guys! I am having decent luck so far with three other services, but doing better with my own strategies I've developed.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 1 people have found this review helpful.
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Zacks #1 rank(dont trust, they don't update it)
I notice the zacks rated must BUY #1 don't get update as much. They post the rank #1 stocks and the stocks just keeps on falling and falling. After that, they change the rank from #1 to #3, then #4. It happen to a lot of their stocks that they put as zacks #1 must BUY. I also notice that some of their zacks #1 must BUY, is rated as hold or sell at other websites, like I said, they don't update it.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 1 people have found this review helpful.
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so far so good
Don't pick the zacks premium, because you will lose a lot of money but pick the zacks ultimate for $300/month or $5,000 for a lifetime membership.

This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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good research
these guys feed a lot of news to cnbc, msnbc money, fox business, etc. you can get good info on market research from their site. some buy/sell recommendations for your portfolio too.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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JBLC New York, New York

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I can't unsubscribe their mailing list!
Zacks.com is authoritive in the consensus earnings estimate area. Their paid database is really good but for financial institutions mainly.

You can get some piece of information in their website. But I do not understand why I can not unsubscribe from their mailing list. They act like spammers to me. That's why I hate it. Otherwise, I would appreciate it.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
3 of 3 people have found this review helpful.
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Candide Couzeix

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annoying
annoying! annoying! annoying!!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 5 people have found this review helpful.
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Adika223 Nyiregyhaza

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Zack premier ranking is good for free
Zacks provide lot of good data and analysis for free.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 3 people have found this review helpful.
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Frankliege Arlington Heights, IL

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Overrated
"Zacks sucks", "Their picks suck", "Their screener sucks", Their analysts suck", "Their articles suck", and their always the last ones to late breaking news.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
6 of 7 people have found this review helpful.
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Aurinica21 MIAMI, FL

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Displaying 1-10 of 16 Total Reviews
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