StealthP3D
Well-Known Member
Correction: I checked the report again and noticed Schwab’s rating history on TSLA. They actually rated TSLA a C in late 2016. The rating bounced between F and D in 2017, and it has been an F since late 2017 except for a brief period earlier this year when it was a D.
I've had an on-line brokerage account at Schwab since 1996-1997 and years ago I would occasionally look at their equity ratings until I noticed they didn't have enough correlation to the future performance of a stock to be of any use. For the last couple of decades I haven't paid any attention to them.
I do scratch my head occasionally, wondering why almost all the stocks in my portfolio are typically "D's" and "F's" with the occasional "C" and yet the annual growth rate has been great. Your post got me to take a look at the history ratings for the stocks in my portfolio and their share price over time. At first glance, it appears there is perhaps a negative correlation, that buying a stock when it is rated "D" or "F" is more profitable than buying when it is rated "A" or "B".
And that's about all the time I'm going to spend on this subject for probably another decade or two.