Ex-Div Reminder for Allergan, Inc (AGN) Thursday, November 15, 11:02 AM ET, by Market News Video Staff On 11/19/12, Allergan, Inc (AGN) will trade ex-dividend, for its quarterly dividend of $0.05, payable ...
Allergan, Inc Takes Over #184 Spot From Ameriprise Financial Inc
By Market News Video Staff, Monday, August 27, 12:17 PM ET
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Allergan, Inc (NYSE:AGN) has taken over the #184 spot from Ameriprise Financial Inc (NYSE:AMP), according to ETF Channel. Below is a chart of Allergan, Inc versus Ameriprise Financial Inc plotting their respective rank within the S&P 500 over time (AGN plotted in blue; AMP plotted in green):
In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components were ranked according to those averages. Investors often interpret analyst opinions from different angles — a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well... but it could also mean that if the company makes any slight stumble, that would come as a negative surprise and cause a downward impact on the stock.
From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can mean that of course, but: a bullish investor who can make a case for a positive future catalyst could also take the contrarian angle and recognize that there is lots of room for upside since the stock is presently so out of favor.
For these reasons, we at ETF Channel find value to putting together these rankings, because both the top and the bottom ends of the lists can often make for some interesting stock picking ideas for further research.
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