During the past decade, investing in housing, the stock market, or gold has been an eye opener for U.S. consumers. The value of houses soared and then crashed. Gold slumped and then surged ahead. Oil prices rose to unimaginable peaks and then fell by more than -75%. All the while,… Read More
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
The Surprising New Growth Sector
June 15, 2010
Emerging markets contain more than 40% of the world’s population and now account for about one third of the world’s gross domestic product (GDP). And that number keeps growing. Yet most of these countries… Read More
As far as many investors are concerned, airline stocks should be avoided like the plague. Every time the economy hits a rough patch, these heavily-indebted companies look as if they’re lunging toward bankruptcy. Countless investors have had to dump airline stocks after losing most… Read More
The initial public offering (IPO) market is now in lockdown. Frozen. Shuttered. Throw away the key. With all the turmoil roiling the markets, more than 30 companies have had to step away from the IPO starting line in the last six weeks. Even if the market turned up sharply right away, it would take some time for bankers to prime the pump to get these deals back on the docket. And if the market remains a bit nerve-wracking, these still-private companies may stay that way for… Read More
The initial public offering (IPO) market is now in lockdown. Frozen. Shuttered. Throw away the key. With all the turmoil roiling the markets, more than 30 companies have had to step away from the IPO starting line in the last six weeks. Even if the market turned up sharply right away, it would take some time for bankers to prime the pump to get these deals back on the docket. And if the market remains a bit nerve-wracking, these still-private companies may stay that way for an extended time. Bankers Lament The IPO shutdown comes as a real disappointment for investment banks, as these deals, with their 7% commissions, generate boatloads of profits. That’s often how these banks justify carrying teams of research analysts, who otherwise would not pull their weight in an era when many clients trade through electronic networks for almost nothing. In the past, these active clients would send large trades at five cents a share — known as “the nickel business” — to firms in exchange for analyst research and a cut of promising IPOs. Read More
The entertainment industry is always trying to attract people’s attention in order to get a piece of their discretionary income. For investors, that’s a great thing, especially if it’s income consumers want to spend because it involves their kids. For the… Read More
Among the biggest winners in Tuesday’s early trading are Korn/Ferry (NYSE: KFY), Jazz Pharma (Nasdaq: JAZZ) and Carmike Cinemas (Nasdaq: CKEC). Top Percentage Gainers — Tuesday, June 15, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low Carmike Cinemas (Nasdaq: CKEC) $8.12 +16.7%… Read More
Among the biggest losers in Tuesday’s early trading are Callaway Golf (NYSE: ELY), La-Z-Boy (NYSE: LZB) and Best Buy (NYSE: BBY). Top Percentage Losers — Tuesday, June 15, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low La-Z-Boy (NYSE: LZB) $10.38 -16.3% $15.46 $3.45… Read More
The 4 Game-Changing Companies I’m Excited About
June 14, 2010
I doubt you’ve ever heard of Rockhopper Exploration. Rockhopper is a small U.K.-based oil company. But what’s unique about its business is that the company is a major player in the drilling around the Falkland Islands. You likely remember the Falkland Islands as the… Read More
Profiting From the iPhone Clones
June 14, 2010
One of the challenges of buying an industry leader such as Apple (Nasdaq: AAPL) is that it is “priced to perfection.” The value of its stock implies that the company will fulfill all of the high expectations placed upon it. More than likely, Apple will keep on delivering winning products,… Read More
In business, there are some items you can control and some things that are out of your hands. For the folks that run the major truck-based freight carriers, they are almost completely vulnerable to issues beyond their control. All they can do is try to make the best of the… Read More