The calls we said no to
Every negative rating the research has produced, published in full: the ones that proved right, the ones that proved wrong and the ones still waiting. Nothing is curated out.
⚠ Past performance does not guarantee future results. Realized returns can differ materially from the tracked numbers shown.
The record at a glance
Accuracy so far
53.1%
95% interval 36.5% to 69.1%
Proved right
17
of 32 evaluated
Still waiting
1
judged after 30+ days
Total calls
33
since May 14, 2026
The value of this page is that it cannot be curated: every negative call lands here automatically at the moment it is made, and stays here whatever happens next. Read it as an audit trail, not as a score.
The full list (33)
Newest first. Ratings use research vocabulary, so a negative call reads Underperform.
| Ticker | Rated on | Rating | Outcome | Stock since | Vs S&P 500 | Counted because |
|---|---|---|---|---|---|---|
| RZLV | Sep 1, 2026 | Underperform | Waiting | — | — | Not yet evaluated |
| ACMR | Aug 3, 2026 | Underperform | Proved right | -10.9% | -13.4pp | trailed the S&P 500 |
| MA | Jul 23, 2026 | Underperform | Proved wrong | +9.2% | +6.7pp | did neither within the window |
| RZLV | Jul 18, 2026 | Underperform | Proved wrong | +13.0% | +9.0pp | did neither within the window |
| UFCS | Jul 11, 2026 | Underperform | Proved wrong | -0.8% | -4.6pp | did neither within the window |
| RKLB | Jul 11, 2026 | Underperform | Proved wrong | -1.2% | -3.6pp | did neither within the window |
| IONS | Jul 10, 2026 | Underperform | Proved right | -12.0% | -14.9pp | trailed the S&P 500 |
| SPOT | Jul 10, 2026 | Underperform | Proved wrong | +0.5% | -2.4pp | did neither within the window |
| SNOW | Jul 10, 2026 | Underperform | Proved wrong | +23.6% | +20.7pp | did neither within the window |
| NBIS | Jul 10, 2026 | Underperform | Proved right | -13.1% | -15.9pp | trailed the S&P 500 |
- RZLV WaitingSep 1, 2026Underperform
Not yet evaluated
- ACMR Proved rightAug 3, 2026Underperform
Stock since
-10.9%
Vs S&P 500
-13.4pp
Counted because: trailed the S&P 500
- MA Proved wrongJul 23, 2026Underperform
Stock since
+9.2%
Vs S&P 500
+6.7pp
Counted because: did neither within the window
- RZLV Proved wrongJul 18, 2026Underperform
Stock since
+13.0%
Vs S&P 500
+9.0pp
Counted because: did neither within the window
- UFCS Proved wrongJul 11, 2026Underperform
Stock since
-0.8%
Vs S&P 500
-4.6pp
Counted because: did neither within the window
- RKLB Proved wrongJul 11, 2026Underperform
Stock since
-1.2%
Vs S&P 500
-3.6pp
Counted because: did neither within the window
- IONS Proved rightJul 10, 2026Underperform
Stock since
-12.0%
Vs S&P 500
-14.9pp
Counted because: trailed the S&P 500
- SPOT Proved wrongJul 10, 2026Underperform
Stock since
+0.5%
Vs S&P 500
-2.4pp
Counted because: did neither within the window
- SNOW Proved wrongJul 10, 2026Underperform
Stock since
+23.6%
Vs S&P 500
+20.7pp
Counted because: did neither within the window
- NBIS Proved rightJul 10, 2026Underperform
Stock since
-13.1%
Vs S&P 500
-15.9pp
Counted because: trailed the S&P 500
How a call is scored
A negative rating is evaluated no earlier than 30 days after it was made. It counts as correct if either of the two conditions holds:
- The stock trailed the S&P 500 by at least 5 percentage points over that period.
- The price fell to or below the upper bound of the fair value range the analysis had estimated.
The evaluation is automatic and the rule was fixed before any call was scored. The same rule applies to every call, and a call that meets neither condition is recorded as wrong, not removed.
The percentages in the table describe what the stock did after the rating, so for a negative call a falling price shows as the call working.