When the stock market is on the upswing, private companies get in line to sell their shares and become members of the new crop of initial public offerings (IPOs). Bankers like to know that investors are in a buying mood when taking these companies… 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
Peter Lynch Would Love this Hated Growth Story
June 9, 2010
There are some companies that work in distasteful industries. Companies like payday lenders, mortuaries and waste management services just aren’t the sexy companies people get excited about. Some even get on a soapbox and proclaim these businesses to be unethical and immoral. But the simple fact is that investors can… Read More
Among the biggest winners in Wednesday’s early trading are Felcor Lodging Trust (NYSE: FCH), Ciena (Nasdaq: CIEN), and Bunge (NYSE: BG). Top Percentage Gainers — Wednesday, June 9, 2010 Company Name (Ticker) Intra-Day Price Intra-Day % Gain 52-Week High 52-Week Low FelCor Lodging (NYSE: FCH) $6.56 +17.6% $1.86… Read More
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
A Look at What’s Not Working in this Market
June 8, 2010
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
Now’s the Time to Buy These High-Yield Gems
June 8, 2010
It’s no secret. Markets have been tanking. Investors are fearful that the debt crisis in Europe will derail the recovery. As many analysts predict slower economic growth or a “new normal” in the years ahead, high dividend stocks could replace growth… 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
The major credit ratings agencies continue to be caught in the crossfire of finger pointing that has occurred since the housing bubble burst and fanned the flames of a major credit crisis in late 2008. There has been much talk of increasing regulation of these firms, and very recently the… 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