Those prescient words, uttered by Chauncey the Gardener in the film Being There, is an annual rite of passage for tech stocks, which tend to rally each spring. Not this time. Instead of growth, the group has fallen sharply, thanks to a high degree of exposure to Europe and the… 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
Over the past few days, you’ve likely seen a number of my articles discussing just how important “game-changing” stocks are to your portfolio. (Feel free to visit my archive to read anything you missed). In fact, we put together an entire webcast discussing four of my favorite… Read More
Among the biggest winners in Wednesday’s early trading are Neurocrine Biosciences (Nasdaq: NBIX), Sunoco (NYSE: SUN) and Ener1 (NYSE: HEV). Top Percentage Gainers — Wednesday, June 16, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low Neurocrine Biosciences (Nasdaq: NBIX) $5.37 +14.7% $5.60 $1.94… Read More
Among the biggest losers in Tuesday’s early trading are Nokia (NYSE: NOK), Genoptix (Nasdaq: GXDX) and Freddie Mac (NYSE: FRE). Top Percentage Losers — Wednesday, June 16, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Loss 52-Week High 52-Week Low… Read More
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
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