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 easy to see the appeal of banking stocks. Many of them sport low price-to-earnings (P/E) ratios while trading below tangible book value. My favorite bank stock — Citigroup (NYSE: C) — for example, still… Read More
The market is currently a game of musical chairs. You must stay active to find winning trades even as you prepare for the possibility that the music may stop, taking all stocks on a downward path. That’s why it’s sensible to focus… Read More
While working on the road this week, I brought along my two-year-old GPS device to help navigate unfamiliar roads. Trouble is, the darn thing repeatedly gave me directions that landed me at dead-ends or blocked-off roads. Maybe it’s because the software is out of date.#-ad_banner-# I decided to use my… Read More
The entertainment industry continues to churn. Cable companies have been losing clients at a steady clip, Netflix (Nasdaq: NFLX) has seen its subscriber base grow erratically, and attendance at movie theaters has been weak for several years, as this article notes.#-ad_banner-# Investors trying to identify winners and… Read More
August of 2012 has a clear theme for investors. Many of us are using the phrase “hated rally” because we’re watching a market move that makes little sense in the context of major headwinds still in place. I discussed these headwinds a few weeks… Read More
With all due respect to the brilliant research minds employed at Goldman Sachs, they may be on the wrong side of an important research call. Roughly a month ago, I noted that their bearish… Read More
Carbon is carbon. It may take the form of wood, sugar cane, algae, coal or dozens of other materials. But at the end of the day, the world still runs on processed carbon as a fuel source. That’s why venture capitalists have poured hundreds of millions — perhaps billions —… Read More
For readers who have not been following our newsletter editors for an extended period, it’s time to acquaint you with a longstanding policy: We never buy a stock for one of our portfolios for 2 trading days after you read about it. This means we’ll never front-run a stock, getting… Read More
Where have you been shopping lately? At Macy’s (NYSE: M) for clothes, or Wal-Mart (NYSE: WMT) for toys or at Bed, Bath & Beyond (Nasdaq: BBBY) for a new set of linens? Chances are Sears Holdings (Nasdaq: SHLD) hasn’t gotten much of your business lately. At least if same-store… Read More
Investors of a certain age — myself included — will always remember the name Julian Robertson, the founder of Tiger Management. He was one of the pioneers of the hedge-fund industry, and he built a cult-like following after turning $8 million in seed money in 1980 into more than $20… Read More
