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
Many investors have been surprised by the steady advances in the stock market since it bottomed out three years ago. They shouldn’t have been. History predicted it would happen. Exiting a major economic slowdown, companies cut costs… Read More
In the week of March 12, the Federal Reserve gave the nation’s major banks their third so-called “stress test” to determine whether they would survive another collapse of the financial system like the one suffered in 2008. Overall, the group passed the test, with 15 of the 19 undergoing… Read More
Wall Street strategists try way too hard to deliver a precise forecast of where the market is headed. They look at price-to-earnings (P/E) ratios, projected sales and profit growth rates,… Read More
Albert Einstein called it “the greatest mathematical discovery of all time.” For those who carry hefty debt on their monthly credit card bill, Einstein’s law of financial physics is not good news. But for the savvy investor, the principles of compound… Read More
A few years ago, a small Canadian energy producer called Paramount Energy Trust sported a yield of close to 14%. That sort of yield would have been tempting to many investors. Formed in 2003, the trust had a… Read More
To succeed in a new business, companies look for opportunities with little competition and wide barriers to entry. When I took a position in Zipcar (Nasdaq: ZIP) in late January, I saw the burgeoning car-sharing company checking only one of those two boxes. Competition was minimal, excepting a half-hearted entry… Read More
In 2011, the large health care and pharmaceutical company Johnson & Johnson (NYSE: JNJ) generated $13.9 billion in free cash flow and maintained its “AAA” credit rating. The drug maker Pfizer (NYSE: PFE) had more… Read More
Six months ago, I wrote an article profiling vertically integrated oiler ConocoPhillips (NYSE: COP). One of Conoco’s strengths is that its reserves are accessible in areas that Bill O’Grady of Confluence Asset Management refers to as “places where you’d want to raise children.”… Read More
Depending on when you were born, you might remember Muhammad Ali when he was a young fighter in his prime during the mid- to late-1960s. Or, if you’re too young to recall but have seen footage of his fights from those days, then you’ll understand why so many sports fans… Read More
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