David Sterman has worked as an investment analyst for nearly two decades. He started his Wall Street career in equity research at Smith Barney, culminating in a position as Senior Analyst covering European banks. While at Smith Barney, he learned of all the tricks used by Wall Street to steer the best advice to their top clients and their own trading desk. David has also served as Managing Editor at TheStreet.com and Director of Research at Individual Investor. In addition, David worked as Director of Research for Jesup & Lamont Securities. David has made numerous media appearances over the years, primarily on CNBC and Bloomberg TV, and has a master's degree in management from Georgia Tech. David Stermanon

Analyst Articles

Among the biggest losers in Thursday’s early trading are Bed, Bath & Beyond (Nasdaq: BBBY), Nike (NYSE: NKE) and Sotheby’s (NYSE: BID). Top Percentage Losers — Thursday, June 24, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Sotheby’s (NYSE: BID) $25.90 -8.3% $46.52 $11.14 Nike (NYSE: NKE) $69.68 -3.9% $78.55 $50.16 Bed, Bath & Beyond (Nasdaq: BBBY) $39.87 -3.8% $48.52 $26.50 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000… Read More

Among the biggest losers in Thursday’s early trading are Bed, Bath & Beyond (Nasdaq: BBBY), Nike (NYSE: NKE) and Sotheby’s (NYSE: BID). Top Percentage Losers — Thursday, June 24, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Sotheby’s (NYSE: BID) $25.90 -8.3% $46.52 $11.14 Nike (NYSE: NKE) $69.68 -3.9% $78.55 $50.16 Bed, Bath & Beyond (Nasdaq: BBBY) $39.87 -3.8% $48.52 $26.50 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All percentage returns are listed as of 11:01AM Eastern Standard Time. Click on ticker symbols for up-to-the-minute price quotes and percentage gain data. A Bar too High Shares of Bed, Bath & Beyond (Nasdaq: BBBY) are off nearly -3% on Thursday, thanks to unrealistically high investor expectations. The company reported very impressive fiscal first quarter results last night, and although management took a conservative stance with respect to the second-quarter outlook, investors had set a very high bar, hoping to see a very bullish forecast after rivals such as… Read More

Stock market volatility has caused many investors to question their commitment to buying individual stocks. This combined with a decade of flat to slightly negative stock market returns has stoked a debate over whether buy-and-hold investing makes any sense going forward. Defensive-minded investors looking to lower equity… Read More

In a bid to steal some thunder in the burgeoning market for handheld electronic readers, Barnes & Noble (NYSE: BKS) announced this week that it will cut prices on its Nook e-reader. Bad move. Rival Amazon.com (Nasdaq: AMZN) was waiting for such a development, and quickly offered up its own price cuts for its Kindle 2. Falling prices and rising market share are part of Amazon’s long-term playbook, and many past rivals have been bloodied by trying to compete with Amazon’s global scale. At first blush, this is a real win… Read More

In a bid to steal some thunder in the burgeoning market for handheld electronic readers, Barnes & Noble (NYSE: BKS) announced this week that it will cut prices on its Nook e-reader. Bad move. Rival Amazon.com (Nasdaq: AMZN) was waiting for such a development, and quickly offered up its own price cuts for its Kindle 2. Falling prices and rising market share are part of Amazon’s long-term playbook, and many past rivals have been bloodied by trying to compete with Amazon’s global scale. At first blush, this is a real win for consumers. For those who don’t want to pay the $500 to $700 for Apple’s (Nasdaq: AAPL) iPad, the new $200 price point for the Nook and the Kindle 2 should prove enticing. These firms know that they won’t make much money on these devices, but they do offer the chance to build a loyal customer base for many years to come. That’s just what Apple did with iTunes nearly a decade ago. Of course, both Barnes & Noble and Amazon should see sales of their readers rise at a solid clip this year, though it’s safe… Read More

Among the biggest winners in Wednesday’s early trading are Jabil Circuit (NYSE: JBL), CarMax (NYSE: KMX), and ZymoGenetics (Nasdaq: ZGEN). Top Percentage Gainers — Wednesday, June 23, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low Jabil Circuit (NYSE: JBL) $14.91 +9.7% $18.49 $6.59 CarMax (NYSE: KMX) $21.74 +8.7% $26.50 $13.06 ZymoGenetics (Nasdaq: ZGEN) $4.58 +7.7% $7.31 $4.05 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All percentage returns… Read More

Among the biggest winners in Wednesday’s early trading are Jabil Circuit (NYSE: JBL), CarMax (NYSE: KMX), and ZymoGenetics (Nasdaq: ZGEN). Top Percentage Gainers — Wednesday, June 23, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low Jabil Circuit (NYSE: JBL) $14.91 +9.7% $18.49 $6.59 CarMax (NYSE: KMX) $21.74 +8.7% $26.50 $13.06 ZymoGenetics (Nasdaq: ZGEN) $4.58 +7.7% $7.31 $4.05 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All percentage returns are listed as of 11:30AM Eastern Standard Time. Click on ticker symbols for up-to-the-minute price quotes and percentage gain data. Jabil’s Bright Outlook Good news for investors of Jabil Circuit (NYSE: JBL), and for investors everywhere that are looking for signs that the global economy is getting stronger. Jabil, which provides outsourced manufacturing services to a wide range of technology firms, delivered another impressive quarter Tuesday night, pushing shares up +9% in Wednesday trading. You can see the company’s momentum build quarter by… Read More

Among the biggest losers in Wednesday’s early trading are Apogee Enterprises (Nasdaq: APOG), Wilmington Trust (NYSE: WL) and Progress Software (Nasdaq: PRGS). Top Percentage Losers –Wednesday, June 23, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Apogee Enterprises (Nasdaq: APOG) $11.75 –7.8% $16.89 $11.13 Wilmington Trust (NYSE: WL) $12.00 -7.6% $20.23 $9.75 Progress Software (Nasdaq: PRGS) $30.47 –3.3% $34.94 $20.05 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000… Read More

Among the biggest losers in Wednesday’s early trading are Apogee Enterprises (Nasdaq: APOG), Wilmington Trust (NYSE: WL) and Progress Software (Nasdaq: PRGS). Top Percentage Losers –Wednesday, June 23, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Apogee Enterprises (Nasdaq: APOG) $11.75 –7.8% $16.89 $11.13 Wilmington Trust (NYSE: WL) $12.00 -7.6% $20.23 $9.75 Progress Software (Nasdaq: PRGS) $30.47 –3.3% $34.94 $20.05 *Table includes companies with minimum market capitalizations of $200 million and three month trading volumes of at least 100,000 shares. All percentage returns are listed as of 10:30AM Eastern Standard Time. Click on ticker symbols for up-to-the-minute price quotes and percentage gain data. Paying up for Delaying an Integration Over the past decade, Progress Software (Nasdaq: PRGS), which offers various applications to enhance communication between various computer programs and networks, pursued a growth-through-acquisition strategy. The deal-making frenzy paid off in the form of steadily-rising earnings before interest, tax, depreciation and amortization (EBITDA), at… Read More

There are literally thousands of companies that have been built on how people behave. Most of the time, these companies exist to serve people’s demands for something convenient, necessary or entertaining. But some companies exist because everyone is prone to mistakes. These are the kinds of investments… Read More

By the end of Monday’s trading, investors began to question whether China will really follow through with plans to boost its currency. Earlier in the day, we opined that change is coming, albeit more slowly than many would like. Even after the dust settled and many China-related stocks gave back their gains, shares of metals makers – especially aluminum producers – held onto sharp advances. Both Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX) rose more than +10% on intra-day basis on Monday,… Read More

By the end of Monday’s trading, investors began to question whether China will really follow through with plans to boost its currency. Earlier in the day, we opined that change is coming, albeit more slowly than many would like. Even after the dust settled and many China-related stocks gave back their gains, shares of metals makers – especially aluminum producers – held onto sharp advances. Both Alcoa (NYSE: AA) and Century Aluminum (Nasdaq: CENX) rose more than +10% on intra-day basis on Monday, and were holding most of those gains in Tuesday trading. For both of these firms, investors need to brace for some short-term pain but real long-term gains. A Tough Start to Earnings Season Alcoa, which always kicks off earnings season, will likely set a somber tone. Analysts have been lowering their second-quarter profit forecast from $0.28 to $0.16 during the past few weeks, and that still looks too high. Spot pricing for aluminum has been… Read More