Global Investing: Who Do You Trust?

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•Companies that a lot of analysts rate as buys and for which there is a wide range of earnings estimates tend to do well. Wide-ranging estimates signal that the analysts are doing their jobs, not just swallowing the company line.

•Research a research firm's and an analyst's record. Anyone can get hot, so look at a two- or three-year history. Free online tool Investars.com is a good place to start.

•When in doubt, favor independent analysts. The Gradient controversy notwithstanding, they have fewer potential conflicts.

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PETER H. SCHULTZ, professor of geological sciences at Brown University and co-investigator of the mission that said it found water on the moon Friday
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PETER H. SCHULTZ, professor of geological sciences at Brown University and co-investigator of the mission that said it found water on the moon Friday

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