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
It’s the dirty secret of Wall Street. That report on a newly-public company tends to look a lot like the investment-banking pitch investors saw during the pre-IPO (initial public offering) roadshow. Those bankers come up with lofty projections to help sell the deal, and the analysts that ultimately follow the… Read More
Every few months, hedge-fund managers take a fresh look at the economy, trying to figure out key trends that will yield the best returns in the months ahead. Once they complete their analyses, they rotate some… Read More
At the start of this year, many economists predicted that an economic crisis in Europe would grow larger, and Washington would be unable to develop a bipartisan consensus around a fix for our persistent budget deficits. They were right on both counts. Economists also… Read More
Just because you develop a popular new technology, there’s no guarantee you can control its destiny. Digital video recorder (DVR) pioneer Tivo (Nasdaq: TIVO) convinced cable companies it’s program-recording devices would revolutionize viewing habits, as it was far more functional than a plain-old… Read More
There is intelligence and then there is wisdom. We are all born with intelligence, but we pick up wisdom along the way. I’m no more intelligent than when I got into this business 20 years ago, but hopefully, much wiser. The key evolution: I now develop far fewer mistaken assumptions… Read More
With investors fixated on the open-ended crisis in Europe, fretting about how it may affect their investments here in the United States, they may be overlooking another emerging trouble spot. Halfway around the world, the Chinese economy has begun to slow, and… Read More
Right before the Thanksgiving break, I singled out Barnes & Noble (NYSE: BKS) as a stock that looked vulnerable to overly-optimistic expectations. [Read the original article here.] At the time, I noted that an imminent quarterly earnings release merited a great… Read More
Every time the market hits an air pocket, you’ll notice an uptick in insider buying. That’s because a company’s officers, directors and largest shareholders are looking to pick up… Read More
Call it the non-event of 2011. This was supposed to be the year investors re-embraced GM (NYSE: GM), which went public again in late 2010, with analysts painting a fairly rosy picture for the years ahead. Indeed, at the start of this year, I noted that analysts at Morgan… Read More
It’s no secret the newspaper business is in trouble. As more consumers get their news online, advertising and circulation rates in the print world have been steadily falling. In response, many of the major newspaper chains have been cutting staff at a regular clip. The process has been underway for… Read More
