Back to top

Free: Subscribe to Profit from the Pros

Zacks' Bull Stock of the Day, morning market e-briefing, strategies for picking the best stocks, funds, ETFs, and options plus more.

Join 500,000+ investors in-the-know.

Privacy Policy

View the PFP Archive

Profit from the Pros

Now I Am Angry

In general, I like the investment coverage from CNBC. Pretty solid and straight forward. Like the vanilla ice cream of the industry. And sometimes all you need is vanilla.

However, Friday they really ticked me off.

I got an alert on my phone early in the day that the market was rallying on the rumor that Steve Bannon was getting fired. Yet amazingly as that rumor became reality the stock market headed lower into the finish. CNBC then had the nerve to produce this headline:

Stocks Rally, Then Head Lower After Bannon's White House Exit.

This means they are talking out of both sides of their mouths. That's because they are, once again, making false cause and effect relationships.

That is not vanilla. That is white chocolate...the worst of all the flavors because it is basically the flavor of wax (and I will make no apology to those who pretend to like white chocolate. In fact, white chocolate is so bad that actual chocolate should sue them for slander of their good name...but I digress ;-)

In general, most investment reporting is done by journalists with very little investment background. They are paid for speed and quantity...not real insight. As an investment research firm, Zacks was built the other way around. Quality over quantity from real investment experts. I hope that is apparent to you all.

Best,

Steve Reitmeister

Executive Vice President, Zacks Investment Research

Sponsor

Free Trial of Zacks' Research Wizard

Use proven strategies to filter 8,800 stocks down to easy-to-manage lists of new investing ideas. Or build your own screens using over 650 criteria to find stocks that match your trading style.

With Research Wizard, you can do both, plus take advantage of backtesting functionality to evaluate how these strategies would have performed in past markets before making your next trade.

Starting today, you can try Research Wizard for 2 weeks free -- no credit card required.

Get the Details Now >>

Most Popular Articles from Zacks.com

5 Top Stocks With Solid Net Profit Margin

Net profit is the amount a company retains after deducting all costs, interest, depreciation, taxes and other expenses. Read More »

4 Stocks to Buy as Q2 Earnings Season Nears Close

Earnings growth is considered to be the most significant variable in influencing the share price. Read More »

Ratio Back Call Spreads for Big Moves

Kevin Matras goes over a seldom talked about options strategy called Ratio Back Call Spreads. Learn how it works and how you might be able to use them. Read More »

3 Strong Buy American Century Mutual Funds to Invest In

We cover top-ranked funds which have earned a Zacks Mutual Fund Rank #1 (Strong Buy) from one of the world's leading asset management firms. Read More »

This Week in Tech Stock Earnings

A look ahead at a few of the bigger tech names slated to report this week. Read More »

Sponsor

Start Every Day Ahead of Wall Street

Before you make a trade, get today's market news from Zacks' latest Ahead of Wall Street article. With timely information from Zacks' analysts, each daily article features a preview of where the market is headed. Plus, Bull and Bear stocks of the day, Zacks #1s on the move, stock research reports, earnings and economic news, and a top-headline analyst blog. All of it in one easy-to-follow place to give you the edge.

Get the latest news >>

Bull of the Day: Sony (SNE)

No need to play games, this stock has great fundamentals and rising earnings estimates right now. Read More »

New Zacks Strong Buys for August 21st

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. Read More »

Customize Your Profit from the Pros Delivery
Connect with Us:
Facebook
Twitter
StockTwits
Contact Info:

Phone: 1.800.767.3771 ext. 9339
Email: support@zacks.com