For retail investors, seeking solid clues to the probable movements of the equity markets, the great volume of published analysis from the Wall Street experts is a blessing, making available everything the investor needs to know to trade successfully. But it comes with a price. The sheer quantity of data involved is almost impossible for the non-expert to parse, but how to know which of the 7,700 stock pros is the best to listen to?
A look at the Top Wall Street Analysts ratings from TipRanks can clear that air. The list shows the 100 best analysts from the Street’s investment and banking firms, and ranks them by such factors as their overall success rate and the average return their calls have generated in the past year. These are carefully chosen measures, as they directly indicate the analyst’s success in reviewing stocks.
And by those measures, one Wall Street pro stands taller than the rest. Quinn Bolton, from Needham, holds the #1 ranking among his peers, based on the 82% accuracy of his stock ratings, and the 54% average return those calls brought for investors who followed them. We’ve used the data tools at TipRanks to look up the details on two of Bolton’s picks, to find out what the Street’s best analyst looks for when he goes bullish on a stock.
Advanced Energy Industries (AEIS)
We’ll start with a tech company. Advanced Energy designs, develops, and markets the tech hardware that makes everyone else’s products work. The company has an extensive line of plasma power generators, high voltage power supplies and amplifiers, low voltage power supply units, temperature measurement devices, electrostatic measurement instruments, and gas sensors, all vital components for a variety of applications in data centers, manufacturing, semiconductor production, and telecom.
The value of this niche can be seen in the company’s recent annual revenues – which prior to this year’s supply chain bottlenecks were consistently rising. The top line for fiscal 2019 was $718.9 million; in fiscal 2020, that rose to $1.45 billion. For the first three quarters of…
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