I dont get it… Zacks Traders in article dated 20th May spriuking GSX Techedu despite comprehensive Muddy Waters and Citron fraud alertshttps://www.zacks.com/stock/news/935315/all-you-need-to-know-about-gsx-techedu-inc-unsponsored-adr-gsx-rating-upgrade-to-buy?cid=CS-MKTWTCH-HL-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-935315&mod=mw_quote_news
Is the Muddy Waters/ Citron alerts re fraudulent activities of GSX Techedu ( GSX) somehow hidden from the self proclaimed expert deep delving analysts at Zacks… for what reason would they be recommending a stock under such circumstances be bought and especially given it has lost a great deal of value in just the last few weeks. I notice their accompanying graph doesnt reflect the recent drop so assume this article was penned some time ago and then published just in last few days …. doesnt bode well for Zacks as a house of prudent investment advice
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Zacks is mostly a quant-driven service, somewhat like Louis Navellier’s — as I understand it they identify stocks by screening and charting, not through fundamental research into the company. Frankly, it also seems to me that many of their articles are written by computers… but I don’t know if that’s true.
And, of course, opinions differ and sometimes Muddy Waters and the other fraud-sniffing short sellers do get it wrong.