Among the biggest losers in Wednesday’s early trading are Allscripts (Nasdaq: MDRX), Nokia (NYSE: NOK) and CVS Caremark (NYSE: CVS). Top Percentage Losers — Wednesday, June 9, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Allscripts (Nasdaq: MDRX) $16.78 -8.9% $22.55… 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
A Look at What’s Not Working in this Market
A number of stocks are hitting new lows for 2010 this week, and an increasing number are also hitting 52-week lows. In fact, more than 100 stocks hit 52-week lows on Tuesday for the first time in more than a year. The rising list of laggards is surprising considering we just came off of a very robust earnings season. Some are simply drifting lower in this challenging market, while others certainly merit a sell-off. Here’s a look at some stocks that hit 52-week lows on Tuesday, but which should move back… Read More
A number of stocks are hitting new lows for 2010 this week, and an increasing number are also hitting 52-week lows. In fact, more than 100 stocks hit 52-week lows on Tuesday for the first time in more than a year. The rising list of laggards is surprising considering we just came off of a very robust earnings season. Some are simply drifting lower in this challenging market, while others certainly merit a sell-off. Here’s a look at some stocks that hit 52-week lows on Tuesday, but which should move back up when buyers re-take charge of the market. AOL AOL (NYSE: AOL) went public at $25 a share last November, and after a recent march toward the $30 mark, touched almost $20 on Tuesday, an all-time low. You would think this IPO would have fared well, as advertising rates on websites have started to firm up after declining for several years. But the company has admitted that its sales force was not meeting expectations, and a recent re-shuffle of the sales team is expected to… Read More
During the past two years, only one non-financial services stock has lost more than $50 billion in value. This one-time highflyer made mistake after mistake, and has seen market capitalization drop in value from $77 billion to $27 billion. I’m talking… Read More
Among the biggest winners in Tuesday’s early trading are Durect (Nasdaq: DRRX), A123 Systems (Nasdaq: AONE) and Gammon Gold (NYSE: GRS). Top Percentage Gainers — Tuesday, June 8, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low Durect (Nasdaq: DRRX) $2.62 +8.3%… Read More
Among the biggest losers in Tuesday’s early trading are New York & Co. (NYSE: NWY), Pep Boys (NYSE: PBY) and Emulex (NYSE: ELX). Top Percentage Losers — Tuesday, June 8, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low New York &… Read More
You can’t blame investors for bagging profits on big winners. Many investors that bought into Ford Motor Co. (NYSE: F) back when shares traded for the price of a Big Mac have been exiting the stock recently as it looked like the fast gains had been made. But for those focused on the long-term, the recent -20% drop in the stock creates an opportunity to jump in before shares post their next round of gains. Much ink has been spilled about Ford’s impressive management team led by CEO Alan Mullaly. They… Read More
You can’t blame investors for bagging profits on big winners. Many investors that bought into Ford Motor Co. (NYSE: F) back when shares traded for the price of a Big Mac have been exiting the stock recently as it looked like the fast gains had been made. But for those focused on the long-term, the recent -20% drop in the stock creates an opportunity to jump in before shares post their next round of gains. Much ink has been spilled about Ford’s impressive management team led by CEO Alan Mullaly. They had exquisite timing in 2008, leveraging every asset the company had to raise cash, right before the economy contracted. Had they not done so, Ford would likely have needed to declare bankruptcy along with its beleaguered peers in Detroit. Even more remarkably, Ford didn’t skimp on product development spending even when money was tight, and is now bearing the fruits of that gutsy move. To be sure, Ford’s car and truck plans are the keys to this stock. As investors saw the strong promise of its new Focus, Fiesta and… Read More
As the Obama administration gets set to spell out the restrictions placed on offshore drilling, one thing is clear: The domestic supply of oil and natural gas is bound to be cut — at least in the near-term. This should have little impact on oil prices, as the commodity is global in nature, and the Gulf contributes only a tiny fraction of the world’s output. Natural gas — that’s a different story. It’s not a fungible commodity. Natural gas costs more to transport from distant lands and the Gulf accounts… Read More
As the Obama administration gets set to spell out the restrictions placed on offshore drilling, one thing is clear: The domestic supply of oil and natural gas is bound to be cut — at least in the near-term. This should have little impact on oil prices, as the commodity is global in nature, and the Gulf contributes only a tiny fraction of the world’s output. Natural gas — that’s a different story. It’s not a fungible commodity. Natural gas costs more to transport from distant lands and the Gulf accounts for about 12% of all domestic gas production. That means the market for natural gas, which has recently had greater supply than demand, could come into balance. If that happens, the folks digging for gas on dry land would finally have a reason to cheer. Land-based drillers were euphoric a few years ago when they discovered that the United States was sitting on massive pockets of underground gas that could now be tapped thanks to new technology. The euphoria was short-lived as it quickly became apparent there was perhaps too much gas yet to be tapped. Prices… Read More
Among the biggest winners in Monday’s early trading are Bristol-Myers Squibb (NYSE: BMY), MedcoHealth (NYSE: MHS) and Goodrich Petroleum (NYSE: GDP). Top Percentage Gainers — Monday, June 7, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High… Read More
Among the biggest losers in Monday’s early trading are Delcath (NYSE: DCTH), CVS Caremark (NYSE: CVS) and Coldwater Creek (Nasdaq: CWTR). Top Percentage Losers — Monday, June 7, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low Delcath (Nasdaq: DCTH) $12.80 -12.6% $16.45 $2.71… Read More
The Best Ideas of the Week
What a week. The market gyrations are likely triggering strong demand for heartburn medicine right now. Stocks of all stripes took it on the chin, and many are now down for the year. Whiles investors focused on the daunting headlines, they may have overlooked some important news coming out of… Read More