You may have noticed that Wall Street analysts tend to be bullish, with very few “sell” ratings ever bubbling to the surface.
There are a few reasons for the bullish bias. The culture of Wall Street is generally bullish, almost as a rule. Nearly everyone working there is involved in selling something.
Floor traders are selling their execution services alongside the representatives of high-frequency trading (HFT) firms, with both sides claiming they are more efficient than the other. Floor traders and HFT firms can also recommend someone who can help track the trades, or complete the back-office functions. Or, you could shop for your own transfer agents or custodians.
The jobs everyone does are largely irrelevant, because the primary purpose for most people is selling more of their service. Almost everyone within blocks of the exchange buildings benefits from convincing other investors to use their services.
While most individual investors will never sit in offices near the New York Stock Exchange and hear the pitches of financial salespeople, many investors are familiar with the general attitude of sales reps. Just think about the real estate agents you know, or experiment by calling a random agent anywhere in the country. Ask if now is the right time to buy a house, and I am certain every agent will say yes. Either the market is bottoming in that city or the market is going to continue moving higher, but either way, buying now gets you in at a good price.
Hot Financial Stocks To Own Right Now: Exxon Mobil Corporation(XOM)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.