US Patent 7,251,627 - Identifying stocks for inclusion in a portfolio

Publication number US7251627 B1
Publication type Grant
Application number US 09/406,394
Publication date Jul 31, 2007
Filing date Sep 27, 1999
Inventors Thomas E. Vass
Original Assignee Vass Thomas E

https://www.google.com/patents/US7251627

Portfolio Theory and Management - Baker and Filbeck - 2013 - Oxford - Book Information

Google Book Link with Preview Facility
http://books.google.co.in/books?id=r2Tf_PiqlA8C

This 30-chapter book consists of seven sections. These chapters are: (1) portfolio theory and asset pricing, (2) the investment policy statement and fiduciary duties, (3) asset allocation and portfolio construction, (4) risk management, (V) portfolio execution, monitoring, and rebalancing, (6) evaluating and reporting portfolio performance, and (7) special topics.

Handbook of Portfolio Construction - John B. Guerard - 2010 - Book Information

Google book link with Preview facility

http://books.google.co.in/books?id=YZZJka5wu_8C

Springer - Publisher book link - has  a sample chapter for download

http://www.springer.com/economics/financial+economics/book/978-0-387-77438-1




Contents
Part I Markowitz for the Masses: Portfolio Construction Techniques
1 Markowitz for the Masses: The Risk and Return of Equity
and Portfolio Construction Techniques . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
John B. Guerard, Jr.
2 Markowitz and the Expanding Definition of Risk:
Applications of Multi-factor Risk Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
John B. Guerard, Jr.
3 Markowitz Applications in the 1990s and the New
Century: DataMining Corrections and the 130/30 .. . . . . . . . . . . . . . . . . . . . . . 61
John B. Guerard, Jr.
4 Markowitz’s Mean–Variance Rule and the Talmudic
Diversification Recommendation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
Haim Levy and Ran Duchin
5 On the Himalayan Shoulders of HarryMarkowitz . . . . . . . . . . . . . . . . . . . . . . .125
Paul A. Samuelson
6 Models for Portfolio Revision with Transaction Costs
in the Mean–Variance Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .133
Andrew H. Chen, Frank J. Fabozzi, and Dashan Huang
7 Principles for Lifetime Portfolio Selection: Lessons
from Portfolio Theory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .153
James H. VanderWeide
8 Harry Markowitz and the Early History
of Quadratic Programming.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .179
Richard W. Cottle and Gerd Infanger
9 Ideas in Asset and Asset–Liability Management
in the Tradition of H.M. Markowitz .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .213
William T. Ziemba
10 Methodologies for Isolating and Assessing the Portfolio
Performance Potential of Stock Return Forecast Models
with an Illustration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .259
Bernell K. Stone and John B. Guerard, Jr.
11 Robust Portfolio Construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .337
R. Douglas Martin, Andrew Clark, and Christopher G. Green
Part II Owitz and the Expanding Definition of Risk: Applications
of Multi-Factor Risk Models
12 Applying Markowitz’s Critical Line Algorithm . . . . . . . . . . . . . . . . . . . . . . . . . . .383
Andras Niedermayer and Daniel Niedermayer
13 FactorModels in Portfolio and Asset Pricing Theory . . . . . . . . . . . . . . . . . . . .401
Gregory Connor and Robert A. Korajczyk
14 Applications of Markowitz Portfolio
Theory To Pension Fund Design . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .419
Edwin J. Elton, Martin J. Gruber, and Christopher R. Blake
15 Global Equity Risk Modeling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .439
Jose Menchero, Andrei Morozov, and Peter Shepard
16 What Matters Most in Portfolio Construction? . . . . . . . . . . . . . . . . . . . . . . . . . . .481
Dean M. Petrich and Ronald N. Kahn
17 Risk Management and Portfolio Optimization for Volatile
Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .493
Svetlozar T. Rachev, Borjana Racheva-Iotova, Stoyan
V. Stoyanov, and Frank J. Fabozzi
Part III Applications of Portfolio Construction, Performance
Measurement, and Markowitz DataMining Corrections Tests
18 Linking Momentum Strategies with Single-Period
Portfolio Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .511
John M. Mulvey,Woo Chang Kim, and Mehmet Bilgili
19 Reflections on Portfolio Insurance, Portfolio Theory,
and Market Simulation with HarryMarkowitz. . . . . . . . . . . . . . . . . . . . . . . . . . .529
Bruce I. Jacobs and Kenneth N. Levy
20 Evaluating Hedge Fund Performance: A Stochastic
Dominance Approach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .551
Sheng Li and Oliver Linton
21 Multiportfolio Optimization: A Natural Next Step . . . . . . . . . . . . . . . . . . . . . . .565
Martin W.P. Savelsbergh, Robert A. Stubbs, and Dieter
Vandenbussche
22 Alternative Model to Evaluate Selectivity
and Timing Performance of Mutual Fund Managers:
Theory and Evidence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .583
Cheng-few Lee, Alice C. Lee, and Nathan Liu
23 Case Closed. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .601
Robert A. Haugen and Nardin L. Baker
24 Stock-Selection Modeling and Data Mining Corrections:
Long-Only Versus 130/30Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .621
John B. Guerard, Jr., Sundaram Chettiappan, and GanLin Xu
25 Distortion Risk Measures in Portfolio Optimization . . . . . . . . . . . . . . . . . . . . .649
Ekaterina N. Sereda, EfimM. Bronshtein, Svetozar T. Rachev,
Frank J. Fabozzi,Wei Sun, and Stoyan V. Stoyanov
26 A Benefit from the Modern Portfolio Theory
for Japanese Pension Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .675
Makoto Suzuki
27 Private Valuation of Contingent Claims
in a Discrete Time/State Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .691
Alan J. King, Olga Streltchenko, and Yelena Yesha
28 Volatility Timing and Portfolio Construction
Using Realized Volatility for the S&P500 Futures Index. . . . . . . . . . . . . . . . .711
Dimitrios D. Thomakos and Tao Wang
29 The Application of Modern Portfolio
Theory to Real Estate: A Brief Survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .733
TimothyW. Viezer
About the Editor and Contributors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .761
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 777

CAIA Level I: An Introduction to Core Topics in Alternative Investments - Book Information

Google Book link with Preview facility
http://books.google.co.in/books?id=IyUXEeUUFOIC

Advances in Portfolio Construction and Implementation - By: Alan Scowcroft; Stephen Satchell - Book Information

Publisher Butterworth Heinemann
2003


Contents



Front Cover
Advances in Portfolio Construction and Implementation
Copyright Page
Contents
List of Contributors
Introduction
Chapter 1. A review of portfolio planning: models and systems
1.1 Introduction and Overview
1.2 Alternative Computational Models
1.3 Symmetric and Asymmetric Measures of Risk
1.4 Computational Models in Practice
1.5 Preparation of Data: Financial Data Marts
1.6 Solution Methods
1.7 Computational Experience
1.8 Discussions and Conclusions
1.9 Appendix 1: Piecewise Linear Approximation of the Quadratic Form
1.10 Appendix 2: Comparative Computational Views of the Alternative Models
References
Web References
Acknowledgements
Chapter 2. Generalized mean-variance analysis and robust portfolio diversification
2.1 Introduction
2.2 Generalized Mean-Variance Analysis
2.3 The State Preference Theory Approach to Portfolio Construction
2.4 Implementation and Simulation
2.5 Conclusions and Suggested Further Work
References
Chapter 3. Portfolio construction from mandate to stock weight: a practitioner's perspective
3.1 Introduction
3.2 Allocating Tracking Error for Multiple Portfolio Funds
3.3 Tracking Errors for Arbitrary Portfolios
3.4 Active CAPM, or How Far Should a Bet be Taken?
3.5 Implementing Ideas in Real Stock Portfolios
3.6 Conclusions
References
Chapter 4. Enhanced indexation
4.1 Introduction
4.2 Constructing a Consistent View
4.3 Enhanced Indexing
4.4 An Illustrative Example: Top-down or Bottom-up?
4.5 Conclusions
4.6 Appendix 1: Derivation of the Theil-Goldberger Mixed Estimator
4.7 Appendix 2: Optimization
References
Notes
Chapter 5. Portfolio management under taxes
5.1 Introduction
5.2 Do Taxes Really Matter to Investors and Managers?
5.3 The Core Problems
5.4 The State of the Art
5.5 The Multi-Period Aspect
5.6 Loss Harvesting
5.7 After-Tax Benchmarks
5.8 Conclusions
References
Chapter 6. Using genetic algorithms to construct portfolios
6.1 Limitations of Traditional Mean-Variance Portfolio Optimization
6.2 Selecting a Method to Limit the Number of Securities in the Final Portfolio
6.3 Practical Construction of a Genetic Algorithm-Based Optimizer
6.4 Performance of Genetic Algorithm
6.5 Conclusions
References
Chapter 7. Near-uniformly distributed, stochastically generated portfolios
7.1 Introduction - A Tractable N-Dimensional Experimental Control
7.2 Applications
7.3 Dynamic Constraints
7.4 Results from the Dynamic Constraints Algorithm
7.5 Problems and Limitations with Dynamic Constraints Algorithm
7.6 Improvements to the Distribution
7.7 Results of the Dynamic Constraints with Local Density Control
7.8 Conclusions
7.9 Further Work
7.10 Appendix 1: Review of Holding Distribution in Low Dimensions with Minimal Constraints
7.11 Appendix 2: Probability Distribution of Holding Weight in Monte Carlo Portfolios in N Dimensions with Minimal Constraints
7.12 Appendix 3: The Effects of Simple Holding Constraints on Expected Distribution of Asset Holding Weights
7.13 Appendix 4: Properties of Hyper-Solids
References
Notes
Chapter 8. Modelling directional hedge funds-mean, variance and correlation with tracker funds
8.1 Introduction
8.2 Mean and Variance of Directional Strategies
8.3 Correlation with Tracker Fund
8.4 Parameters Estimation
8.5 Optimal Allocation
8.6 An Empirical Application to the Currency Markets
8.7 Conclusions
8.8 Appendix 1: Mean and Variance of Directional Strategies
8.9 Appendix 2: Correlation with Tracker Fund
8.10 Appendix 3: Optimal Allocation
References
Notes
Acknowledgements
Chapter 9. Integrating market and credit risk in fixed income portfolios
9.1 Introduction
9.2 How to Measure Market and Credit Risk
9.3 The Ways of Constructing Loss Distributions
9.4 Components of Credit Risk
9.5 Portfolio Approach
9.6 Conclusions
9.7 Appendix
References
Notes
Chapter 10. Incorporating skewness and kurtosis in portfolio optimization: a multidimensional efficient set
10.1 Introduction
10.2 The Algebra of Multivariate Moments
10.3 The Portfolio Frontier: Expected Return, Skewness and Kurtosis
10.4 Conclusion
References
Notes
Chapter 11. Balancing growth and shortfall probability in continuous time active portfolio management
11.1 Introduction
11.2 Some Basics
11.3 Active Portfolio Management
11.4 Trading off Risk and Return in Active Portfolio Management: Fractional Objectives
11.5 Risk-Constrained Minimal Time
References
Chapter 12. Assessing the merits of rank-based optimization for portfolio construction
12.1 Introduction
12.2 Optimal Portfolio with Ranks
12.3 Empirical Tests
12.4 Conclusions
References
Notes
Chapter 13. The mean-downside risk portfolio frontier: a non-parametric approach
13.1 Introduction
13.2 The Mean-DSR Portfolio Frontier: The Traditional Approach
13.3 The Multivariate Case
13.4 A Kernel Approach
13.5 The Kernel Approach to the Multivariate Case
13.6 The Mean-DSR Portfolio Frontier Using Kernel Estimates
13.7 Asset Pricing
13.8 Conclusion
References
Chapter 14. Some exact results for efficient portfolios with given returns
14.1 Introduction
14.2 Properties of the Risk Estimator
14.3 Properties of the Estimated Portfolio Weights
14.4 The Riskless Asset Case
14.5 Conclusions
14.6 Appendix: The Unconditional Mean of
References
Notes
Chapter 15. Optimal asset allocation for endowments: A large deviations approach
15.1 Introduction
15.2 The Asset Allocation Model
15.3 An Illustrative Example
15.4 Conclusions
References
Notes
Acknowledgements
Chapter 16. Methods of relative portfolio optimization
16.1 Introduction
16.2 Some Background on Relative Portfolio Optimization
16.3 Model Approaches for Relative Portfolio Optimization
16.4 Discussion of the Models
16.5 Conclusion
References
Notes
Chapter 17. Predicting portfolio returns using the distributions of efficient set portfolios
17.1 Introduction
17.2 Efficient Set Mathematics for Given ﾵ and V
17.3 The Effect of Forecasts
17.4 Model and Process
17.5 Data and Empirical Results
17.6 Conclusions
17.7 Appendix: Effect of Estimation Error in ﾵ
References
Notes
Acknowledgements
Index
Advances in Portfolio Construction and Implementation

Opinion on Gold - Gold can go to $1000 per Ounce - May 2013

17 May 2013

Last week, Manny Roman, the chief executive of  hedge fund Man Group, said he expected prices to fall to $1000.

Credit Suisse analysts are bearish, with head of global commodities research Ric Deverell predicting the price could even fall below $1,000 within five years:

http://blogs.wsj.com/moneybeat/2013/05/17/five-reasons-why-the-gold-bears-are-right/

Top Sell-Side Security Analysts and Special Methods - 2005

Wall Street's Best Stock Pickers

Morgan Keegan & Co.'s Holly Guthrie
SunTrust Robinson Humphrey's Christopher Donaghey
Delafield Hambrecht's Quynh Pham
Ferris Baker's Curtis Trimble
DE Investment Research's James Lee
Banc of America Securities' Kevin McCarthy
Smith Barney Citigroup's Anthony Wible
Miller Johnson's Jay M. Meier
Merrill Lynch's Steven Milunovich
Smith Barney Citigroup's Gregory Badishkanian

Wall Street's Best Earnings Estimators

Credit Suisse First Boston's Ivy Zelman
Smith Barney Citigroup's Charles Boorady
Lehman Brothers' Peter Ruschmeier
Robert W. Baird & Co.'s Robert McCarthy
Lehman Brothers' Paul Cheng
Legg Mason Wood Walker's Jerry R. Herman/Robert Craig
Delafield Hambrecht's Quynh Pham
Goldman Sachs' Matthew Borsch
Friedman, Billings, Ramsey's Matthew Snowling
Prudential Equity Group's Andrew Casey

Smith Barney Citigroup's Anthony Wible

Industry: IT Services, Software

Smith Barney Citigroup's Tony Wible is currently keen on companies that provide electronic payments and digital content distribution. A favorite: Euronet Worldwide (nasdaq: EEFT ), headquartered in Leawood, Kans. Wible, who enjoyed a 44% gain on the stock in 2004, likes the company's penetration in emerging markets such as Eastern Europe and India. In the latter, Euronet provides outsourcing services for automatic teller machines, which number only 30,000 to 50,000 throughout the entire country. Wible estimates that, in the long term, India could have 300,000 ATMs.

Miller Johnson's Jay M. Meier 

Industry: Computers & Peripherals, Electronic Instruments, Aerospace & Defense, Communications Equipment

Meier is now bullish on Identix (nasdaq: IDNX ). The company is the world's largest vendor of biometric technology, used for things like digitally verifying fingerprints or voice. He points to Congress' mandate that all U.S. ports of entry deploy biometrics by next October. "This technology can verify whether a person has clearance to use a computer, enter a doorway, even start your car," he says. "Star Trekkie stuff."

Prudential Equity Group's Andrew Casey 

Industry: Machinery

Casey is bullish on agricultural equipment in 2005. His rationale: Lower crop production coupled with increased global demand for U.S. agricultural products will put more money in American farmers' pockets. Some of that extra income will be spent on new farm equipment. Spurring this year's demand for American farm products are higher demand from a growing ethanol industry and the weakening value of the dollar against foreign currencies.





http://www.forbes.com/2005/05/05/cz_jr_0505starmine_writeup_sp_8.html

http://www.forbes.com/2005/05/05/cz_sr_0505starmine_writeup_ee_10.html

http://www.forbes.com/2005/04/29/05bestanalystsland.html


Top Sell-Side Security Analysts and Special Methods - 2006

Top Sell-Side Security Analysts and Special Methods - 2007

Top Sell-Side Security Analysts and Special Methods - 2006

Avondale Partners' Frank Gristina

Internet Software and Services, Internet & Catalog Retail

Gristina sees a promising future for online retailing: "When companies provide clear value propositions in terms of price, convenience and quality, consumers are more willing to shop online for both hard goods and perishables." He looks for companies that offer proprietary products and services, such as online video rental service NetFlix (nasdaq: NFLX ) and online pet pharmacy PetMed Express (nasdaq: PETS ), stocks that Gristina had as buys last year. They rose 129% and 86%, respectively.

Petrie Parkman's Joseph Magner

Oil,Gas and Consumable Fuels

In 2006, Magner is focusing upon energy companies with double-digit production growth, attractive valuation metrics and healthy free cash flow (discretionary cash flow minus capital expenditures). He also strongly favors companies that do not depend solely upon rising commodity prices (Questar is increasing drilling density to recover a larger percentage of gas). “Costs are going up, and prices can be flat year-to-year,” Magner explains. “What is important is how much money they can invest and get out of the ground and then reinvest to continue to grow net asset value.”

First Analysis' Frank Sparacino

Software

It's the people, not the technology, that are important to Frank Sparacino with First Analysis of Chicago. "Products and technologies are important for software companies, but as markets tend to mature, they become secondary in importance," he says.

J.P Morgan's Harry Curtis

Hotels and Leisure, Real Estate


"If you can’t get the numbers right, you can’t get the stock right,” says J.P. Morgan’s Harry Curtis.





http://www.forbes.com/2006/04/30/starmine-analysts-stocks-cz_jy_0502gristina_06topanalysts.html

http://www.forbes.com/2006/04/30/starmine-analysts-stocks-cx_ck_0502sparacino_06topanalysts.html

http://www.forbes.com/2006/04/30/starmine-analysts-stocks-cx_sc_0502curtis_06topanalysts.html

http://www.forbes.com/2006/05/01/06topanalysts_best-stock-pickers-earnings-estimators_land.html

http://excellence.thomsonreuters.com/award/starmine  (Information on the best analysts for many years and for many countries is available)

Top Sell-Side Security Analysts and Special Methods - 2005

Top Sell-Side Security Analysts and Special Methods - 2007

Top Sell-Side Security Analysts and Special Methods - 2007

Wachovia Securities' Jennifer Fritzsche

Industry: Wireless Telecommunication Services, Diversified Telecommunication Services


Her best call of 2006: Cogent Communications Group (nasdaq: CCOI - news - people ). The "outperform" rating she held from the initiation of her coverage in March 2006 through the end of the year would have yielded shareholders a 66% price gain. Fritzsche still holds an "outperform" on this stock.

Fritzsche's insight comes from what she calls a "beat on the street" approach to stock picking. In the vein of some retail analysts, she and her staff call or visit 50 stores for each of the big four wireless carriers every quarter. From the data gleaned through her mystery shopping, she is able to draw conclusions on such items as subscriber growth and churn and get a general overview of the marketplace.

Janco Partners' Donna Jaegers

Industry: Diversified Telecommunication Services

Last year, Jaegers thought Broadwing (nasdaq: BWNG - news - people ) looked cheap relative to assets and was impressed with the small-cap telecom's sales and service improvements. Jaegers' bullish call on Broadwing netted a gain of 157% into October 2006, when Level 3 Communications (nyse: LVLT - news - people ) agreed to acquire Broadwing.

Jefferies & Co.'s Debra Bromberg

Industry: Electric Utilities, Multi-Utilities

Entergy was a top pick of Bromberg's last year and has already enjoyed a strong run. She held a "buy" rating on the stock as it gained 38% in 2006. Shares are up 26% this year through April 25.

Bromberg outperformed industry benchmarks for stock picking in all industries she had coverage in 2006. A second strong selection that helped her do that was FPL Group (nyse: FPL - news - people ). The Florida utility and merchant generator jumped 26% during the seven months in 2006 Bromberg held a "buy" on the stock.

Atlantic Equities' Christopher Hickey

Industry: Software

 His calls on BEA Systems (nasdaq: BEAS  ) exemplified his best work in 2006. Starting the year with an "overweight" rating, BEA stock rose 38% before his April 2006 downgrade to "neutral," after which price gains slowed to 18% during a turbulent six months. Following another demotion of BEA in October by Hickey, its shares slid 18% during the remainder of the year.

Another smart call: Last June Hickey went bullish on Adobe Systems (nasdaq: ADBE ). That pick would have rewarded investors with a 43% gain by the end of the year.

Morgan Stanley's Jennifer Pinnick

Industry: Real Estate Management & Development; Consumer Services

Pinnick's prescient "overweight" ratings on brokerages CB Richard Ellis (nyse: CBG - news - people ) and Trammell Crow (nyse: TCC - news - people ) for parts of last year helped vault her into the top 10 list for all analysts making buy-sell recommendations. Investors who followed Pinnick's timing saw gains of 40% on CB Richard Ellis and 90% on Trammell Crow.

CB Richard Ellis acquired Trammell Crow last December, and now Richard Ellis is Pinnick's No. 1 pick. She says CBRE's cost savings from the merger are being underestimated by the market, and she expects robust growth in the next year. She thinks that the stock could rise 25% over its current price.

ThinkEquity Partners' Audrey Snell

Industry: Commercial Banks, Diversified Financial Services, Consumer Finance

Snell's best pick in 2006 was First Marblehead (nyse: FMD - news - people ) with a "buy" in July. From then until the end of the year, shares of the Boston, Mass., provider of outsourcing services for private educational lending gained 72%.

Stanford Group's Erik R. Olbeter

Industry: IT Services; Aerospace & Defense


Bearish analysis
For eight months in 2006, he cautioned against shares of Dynamics Research (nasdaq: DRCO ), an Andover, Mass., company that does engineering work for defense and intelligence customers. The stock dropped 44% during that period.

 Last August, he put a buy rating on DynCorp International (nyse: NCP - news - people ), at $10. By the end of the year, shares of the company, which provides governments with services ranging from narcotics eradication to vehicle maintenance, had climbed to $16.

CIBC World Markets' Daniel Gelbtuch

Industry: Semiconductors, Computers & Peripherals

At $5.05, he got in early on the price run of memory manufacturer STEC (nasdaq: STEC ) (formerly called SimpleTech). STEC showed investors a 151% gain by year's end, making it Gelbtuch's most lucrative call. On the bearish side, Gelbtuch's full-year "underperform" on Pixelworks (nasdaq: PXLW - news - people ) saved investors from the stock's 55% slide.

"A lot of controversy and misunderstanding is what I like to find," quips Gelbtuch when asked what he looks for when picking stocks.

Citigroup's Jason Bazinet

Industry: Media

One of the media stocks that Bazinet likes is Time Warner (nyse: TWX ). He's excited about the new business strategy at its AOL division of no longer charging dial-up customers for access to their content. He thinks that the company will be able to emulate the business models of Yahoo! (nasdaq: YHOO) and Google (nasdaq: GOOG) and pull in greater revenues from selling advertising on the site.

Bazinet expects operating income, or earnings before interest, taxes, depreciation and amortization (EBITDA), at AOL to remain at $2 billion after the change in strategy for AOL. But he thinks that investors will value the AOL business at a higher multiple to EBITDA, raising the value of AOL to $24 billion by 2009, from about $13 billion.

Goldman Sachs' Laura Conigliaro

Industry: Computers & Peripherals

 In 2006, she earned at least four (maximum of five) stars from StarMine for earnings accuracy on almost every stock she covered.

Conigliaro works with two analysts at Goldman Sachs: David Bailey and Min Park. The group utilizes bottom-up quantitative models and performs extensive channel checks to arrive at earnings estimates. They also employ a number of different valuation metrics, depending on whether they classify a company as mature, growth or turnaround. Among the fundamentals her group uses are earnings and sales multiples, and the enterprise multiple. To calculate enterprise multiple, divide enterprise value (market value plus debt, minus cash) by earnings before interest, taxes, depreciation and amortization.

Petrie Parkman's Waqar Syed

Industry: Energy Equipment & Services

Syed looks for strong fundamentals including earnings locked into contracts and free cash flow (operating cash flow less maintenance and growth capital expenditures, minus expected dividend and debt repayment).

FTN Midwest's Jeff Davis

Industry: Commercial Banks, Thrifts & Mortgage Finance

FTN Midwest's Jeff Davis is the top earnings estimator for commercial banks and fifth-best among all analysts at estimating earnings.

Increasing credit costs and slowing deposit growth are putting pressure on net interest margins. Davis expects the stocks in his industry, as a group, to underperform the overall stock market. Davis currently has only one buy rating, on First Charter (nasdaq: FCTR)

Raymond James' James Parker

Industry: Airlines

For Parker, predicting earnings involves more than spending hours scrutinizing spreadsheets--though such analysis is also part of his job. In addition to the standard financial and industry-specific metrics, Parker thoroughly researches companies by developing management contacts and making countless calls to sources across the airlines value chain. His team reaches out to aircraft manufacturers, travel companies, airports and many other secondary sources.


Stifel Nicolaus' Christopher King

Industry: Diversified Telecommunication Services, Wireless Telecommunications Services

King says his success is due in large part to his discipline in picking stocks. "I try not to chase stocks that run a little bit, particularly in the U.S. telecom sector, where we generally view the sector as mature. There, we look for stocks that have fallen out of favor and try to determine if we can make a compelling argument that investor sentiment will change," he says.

One of his top picks is NII Holdings (nasdaq: NIHD ), formerly Nextel International, which focuses on the Latin American markets of Mexico, Brazil, Argentina and Peru. Long before it even hit the radar screens of many of his peers, King was covering the Reston, Va., company. Since King initiated a "buy" rating on the stock in December 2004, NII has gained 247%.

King is so infatuated with the Latin American story that he regularly trolls 15 to 20 Latin American news and regulatory sites each day. If he's not in his Baltimore office, there's a good chance you'll find him strolling the streets of Brazil and Mexico, where he conducts due diligence at least four times a year. He sees the most promise in these two countries--combined, they comprise more than 50% of Latin America's total wireless revenues.

"It's a region in the world that analysts don't visit a lot, so there's a lack of information and we can differentiate ourselves better there," King says. Because Latin American companies tend to be more closed off to the Street, careful channel checks pay off in this region.



Sources





http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_jr_0501fritzsche.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_pm_0501jaegers.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_jr_0501hickey.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_sr_0501bazinet.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_gm_0501conigliaro.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_pm_0501syed.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_bz_0501davis.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_er_0501parkerhorne.html

http://www.forbes.com/2007/04/29/starmine-stocks-analysts-pf-ii-pf_07topanalysts-cz_er_0501king.html

http://www.forbes.com/2007/05/01/best-brokers-analysts-pf-07topanalysts-cz-sk_0501starmine_land.html

http://excellence.thomsonreuters.com/award/starmine (This site has all the details of top sell side analysts for various years)

Top Sell-Side Security Analysts and Special Methods - 2005

Top Sell-Side Security Analysts and Special Methods - 2006

Aerospace Company Analysis - Special Accounting Measures

January 2013

Boeing 787 Cashflows and Costs

Boeing Co. could find it difficult to hit its target for break-even 787 cash flow by early 2015 as it seems that 787 costs are not declining rapidly enough for the aerospace company.

During the fourth quarter, 787 unit cost is estimated at $218 million, down from $232 million in the third quarter, although well above the $190 million level that would have helped Boeing pacing to its 787 cash flow guidance.

Boeing expects its 787 deferred production balance to peak at $20 billion in late 2014 or early 2015 as production stabilizes at 10/month, up from $15.9 billion now. This would require its 787 unit production cost to fall below its average program accounting cost by then.

Given Boeing's assumption for low single- digit margins on its initial 1,100-aircraft accounting quantity, this also implies an expectation for a per-unit cost below its average selling price by then.

"Our analysis indicates that in order for Boeing to hit its 787 cash flow guidance, it will need to bring its unit production cost down roughly 50% faster than it did on 777," UBS analyst David Strauss wrote in a note to clients.

Strauss expects Boeing's unit cost would need to drop to roughly $111 million in early 2015 from $218 million in the fourth quarter with its cumulative average cost falling 24 percent with each doubling in production.

At Boeing's current pace of cost improvement, 787 cash burn could worsen to about $6 billion a year in 2013-14 from about $5 billion in 2012.

Boeing expects total 787 production to exceed deliveries in 2013 as 787-9 production begins while deliveries don't start until 2014.

The 787 program was launched in April 2004 with a record order from Japan's All-Nippon Airways (ANA). Fifty-nine customers from six continents of the world have placed orders for 870 airplanes valued over $178 billion, making it the most successful twin-aisle launch of a new commercial airplane in Boeing's history.

The company could convert these orders in to revenue only when it solves the battery issue on the 787 which led the Federal Aviation Administration or FAA issue a directive that led to all in-service 787s temporarily ceasing operations. Boeing said it is committed to working with the FAA, and other applicable regulatory authorities to return the aircraft to service with the full confidence of customers and the traveling public. While production continues on the 787, the company is suspending deliveries until clearance is granted by the FAA.

The company had reported higher than expected 787 deliveries for the fourth quarter at 23, including 11 in December, totaling 46 in 2012. Growth in delivery rate could help the company reduce the cash burn.

Top Security Analysts (Sell Side Analysts) USA - 2012

Links are to profiles of analysts






Based on 2011 Performance  Published: May 2012

Top Earnings Estimators: Aerospace & Defense

Rank Analyst Firm
1 Herbert, Kenneth Wedbush Morgan Securities
2 Strauss, David UBS   - Boeing company analysis
3 Walton, Myles Deutsche Bank Securities

Top Stock Pickers: Aerospace & Defense

Rank Analyst Firm
1 Callahan, Michael * CapStone Investments
2 J.B. Groh D.A. Davidson & Co.
3 Levenson, Stephen Stifel Nicolaus
* Now at Auriga USA

Top Earnings Estimators: Air Freight & Logistics

Rank Analyst Firm
1 Brand, Alexander SunTrust Robinson Humphrey
2 Paterson, Rick UBS
3 Langenfeld, Jon * Robert W. Baird
* Currently inactive

Top Stock Pickers: Air Freight & Logistics

Rank Analyst Firm
1 Wadewitz, Thomas J.P. Morgan
2 Nesvold, H. Peter Jefferies & Co.
3 Campbell, David Thompson Davis & Company
Top Earnings Estimators: Airlines

Rank Analyst Firm
1 Becker, Helane Dahlman Rose & Co.
2 Crissey, Kevin UBS
3 Engel, Glenn BofA Merrill Lynch Global Research
Top Stock Pickers: Airlines

Rank Analyst Firm
1 Keay, Hunter Wolfe Trahan & Co.
2 Randow, Will * Citi Investment Research & Analysis
3 Engel, Glenn BofA Merrill Lynch Global Research
* Currently inactive
Top Earnings Estimators: Auto Components

Rank Analyst Firm
1 Ceraso, Chris Credit Suisse
2 Michaeli, Itay Citi Investment Research & Analysis
3 Nesvold, H. Peter Jefferies & Co.
Top Stock Pickers: Auto Components

Rank Analyst Firm
1 Kwas, Rich Wells Fargo Securities

Top Earnings Estimators: Beverages

Rank Analyst Firm
1 Swartzberg, Mark Stifel Nicolaus
2 Hong, Judy Goldman Sachs
3 Gajrawala, Kaumil UBS

Top Stock Pickers: Beverages

Rank Analyst Firm
1 Witkowski, Damian Gabelli & Company
2 Levy, Caroline CLSA Crédit Agricole Securities
3 Torres, Lauren HSBC

Top Earnings Estimators: Biotechnology

Rank Analyst Firm
1 Byrne, Steve BofA Merrill Lynch Global Research
2 Raymond, Christopher Robert W. Baird
3 Wang, Ling * Brean Murray Carret & Co.
* Now at Summer Street Research Partners
Top Stock Pickers: Biotechnology

Rank Analyst Firm
1 McMinn, Rachel BofA Merrill Lynch Global Research
2 Xu, Y. Katherine William Blair & Company
3 Russo, Thomas Robert W. Baird
Top Earnings Estimators: Building Products

Rank Analyst Firm
1 Lisnic, Peter Robert W. Baird
2 Johnson, J. Keith * Morgan Keegan
3 Kasprzak, John BB&T Capital Markets
* Currently inactive
Top Stock Pickers: Building Products

Rank Analyst Firm
1 Kasprzak, John BB&T Capital Markets
2 Hughes, Keith SunTrust Robinson Humphrey
3 Johnson, J. Keith * Morgan Keegan
* Currently inactive
Top Earnings Estimators: Capital Markets

Rank Analyst Firm
1 Ryan, Devin Sandler O'Neill
2 Jeffrey, Joel Keefe, Bruyette & Woods
3 Bedell, Brian ISI Group
Top Stock Pickers: Capital Markets

Rank Analyst Firm
1 Dodd, Robert * Morgan Keegan
2 Spahr, Chris CLSA Crédit Agricole Securities
3 Choksi, Dean UBS
* Currently inactive
Top Earnings Estimators: Chemicals

Rank Analyst Firm
1 McCarthy, Kevin BofA Merrill Lynch Global Research
2 Mitsch, Frank Wells Fargo Securities
3 Rodriguez, Edlain * Gleacher & Company
* Now at Lazard Capital Markets
Top Stock Pickers: Chemicals

Rank Analyst Firm
1 McCarthy, Kevin BofA Merrill Lynch Global Research
2 Isaac, Colin Atlantic Equities
3 Neivert, Charles Dahlman Rose & Co.
Top Earnings Estimators: Commercial Banks

Rank Analyst Firm
1 Davis, Anthony * Stifel Nicolaus
2 Rulis, Jeff D.A. Davidson & Co.
3 Hodgson, Mac SunTrust Robinson Humphrey
* Currently inactive
Top Stock Pickers: Commercial Banks

Rank Analyst Firm
1 Fitzgibbon, Mark Sandler O'Neill
2 Hunsicker, Laurie * Stifel Nicolaus
3 Gamaitoni, Chris Compass Point Research & Trading
* Currently inactive
Top Earnings Estimators: Commercial Services & Supplies

Rank Analyst Firm
1 Mazari, Hamzah Credit Suisse
2 Brochmann, Nathan William Blair & Company
3 Wittmann, Andrew Robert W. Baird
Top Stock Pickers: Commercial Services & Supplies

Rank Analyst Firm
1 Brochmann, Nathan William Blair & Company
2 Hoffman, Michael Wunderlich Securities
3 Manthey, David Robert W. Baird
Top Earnings Estimators: Communications Equipment

Rank Analyst Firm
1 Jankowski, Simona Goldman Sachs
2 Shah, Alkesh Evercore Partners
3 Searle, Scott * Merriman Capital
* Currently inactive
Top Stock Pickers: Communications Equipment

Rank Analyst Firm
1 Power, Will Robert W. Baird
2 Jankowski, Simona Goldman Sachs
3 Snyder, Edward Charter Equity Research
Top Earnings Estimators: Computers & Peripherals

Rank Analyst Firm
1 Sacconaghi, Toni Sanford C. Bernstein & Co.
2 Silver, Avi CLSA Crédit Agricole Securities
3 Cihra, Robert * Caris & Company
* Now at Evercore Partners
Top Stock Pickers: Computers & Peripherals

Rank Analyst Firm
1 Craig, Scott BofA Merrill Lynch Global Research
2 Cihra, Robert * Caris & Company
3 Shope, Bill Goldman Sachs
* Now at Evercore Partners
Top Earnings Estimators: Construction & Engineering

Rank Analyst Firm
1 Cook, Jamie Credit Suisse
2 Thalhimer, Adam BB&T Capital Markets
3 Rogers, John D.A. Davidson & Co.
Top Stock Pickers: Construction & Engineering

Rank Analyst Firm
1 Thalhimer, Adam BB&T Capital Markets
2 Levine, Scott J.P. Morgan
3 Afzal, Tahira KeyBanc Capital Markets
Top Earnings Estimators: Construction Materials

Rank Analyst Firm
1 Vencil, Todd * Davenport & Company
2 Kasprzak, John BB&T Capital Markets
3 Grooms, Trey Stephens Inc.
* Now at Sterne, Agee & Leach
Top Stock Pickers: Construction Materials

Rank Analyst Firm
1 Thompson, Kathryn Thompson Research Group
2 Grace, Ted Susquehanna Financial Group
3 Grooms, Trey Stephens Inc.
Top Earnings Estimators: Consumer Finance

Rank Analyst Firm
1 Taiano, Michael * Sandler O'Neill
2 Burtzlaff, David ⁺ Stephens Inc.
* Currently inactive
⁺ Currently inactive
Top Stock Pickers: Consumer Finance

Rank Analyst Firm
1 Burtzlaff, David * Stephens Inc.
* Currently inactive
Top Earnings Estimators: Containers & Packaging

Rank Analyst Firm
1 Wilde, Mark Deutsche Bank Securities
2 Thein, Timothy Citi Investment Research & Analysis
3 Ng, Philip Jefferies & Co.
Top Stock Pickers: Containers & Packaging

Rank Analyst Firm
1 Wilde, Mark Deutsche Bank Securities
2 Thein, Timothy Citi Investment Research & Analysis
3 Staphos, George BofA Merrill Lynch Global Research
Top Earnings Estimators: Distributors

Rank Analyst Firm
0 There are no winners in this industry.
Top Stock Pickers: Distributors

Rank Analyst Firm
0 There are no winners in this industry.
Top Earnings Estimators: Diversified Consumer Services

Rank Analyst Firm
1 Silber, Jeffrey BMO Capital Markets
2 Stein, Suzanne Morgan Stanley
3 Bhatia, Arvind Sterne, Agee
Top Stock Pickers: Diversified Consumer Services

Rank Analyst Firm
1 Bisbee, Gary Barclays
2 Fendley, Clint Davenport & Company
3 Appert, Peter Piper Jaffray
Top Earnings Estimators: Diversified Financial Services

Rank Analyst Firm
1 Ditmire, Ed Macquarie Equities Research
2 Freeman, Roger Barclays
3 Brendler, Chris Stifel Nicolaus
Top Stock Pickers: Diversified Financial Services

Rank Analyst Firm
1 Ditmire, Ed Macquarie Equities Research
2 Freeman, Roger Barclays
3 Brendler, Chris Stifel Nicolaus
Top Earnings Estimators: Diversified Telecommunication Services

Rank Analyst Firm
1 Nelson, Michael * Mizuho Securities USA
2 Miller, Gregory ⁺ Collins Stewart
3 McCarver, Barry Stephens Inc.
* Currently inactive
⁺ Now at Canaccord Genuity
Top Stock Pickers: Diversified Telecommunication Services

Rank Analyst Firm
1 Jaegers, Donna D.A. Davidson & Co.
2 Barden, David BofA Merrill Lynch Global Research
3 Coleman, David RBC Capital Markets
Top Earnings Estimators: Electrical Equipment

Rank Analyst Firm
1 Halloran, Michael Robert W. Baird
2 Douglass, Mark Longbow Research
3 Langenberg, Brian Langenberg & Company
Top Stock Pickers: Electrical Equipment

Rank Analyst Firm
1 Kwas, Rich Wells Fargo Securities
2 Glynn, Christopher Oppenheimer & Co.
Top Earnings Estimators: Electric Utilities

Rank Analyst Firm
1 Kalton, Neil Wells Fargo Securities
2 de Croisset, Marc FBR Capital Markets
3 Parker, David Robert W. Baird
Top Stock Pickers: Electric Utilities

Rank Analyst Firm
1 May, Maurice * Soleil Securities
2 Gerova, Stefka ⁺ J.P. Morgan
3 Eggers, Dan Credit Suisse
* Now at Wellington Shields & Co.
⁺ Currently inactive
Top Earnings Estimators: Electronic Equipment & Instruments

Rank Analyst Firm
1 Douglass, Mark Longbow Research
2 White, Brian * Ticonderoga Securities
3 Sanders, Stephen Stephens Inc.
* Currently inactive
Top Stock Pickers: Electronic Equipment & Instruments

Rank Analyst Firm
1 Miller, Mark Noble Financial
2 Baruah, Ananda Brean Murray Carret & Co.
3 Craig, Scott BofA Merrill Lynch Global Research
Top Earnings Estimators: Energy Equipment & Services

Rank Analyst Firm
1 Daniel, John Simmons & Company
2 Stolz, Trey IBERIA Capital Partners
3 Lawrence, John Tudor, Pickering, Holt & Co
Top Stock Pickers: Energy Equipment & Services

Rank Analyst Firm
1 Dingmann, Neal SunTrust Robinson Humphrey
2 Tasdemir, John Canaccord Genuity
3 Aleksandrov, Veny Pritchard Capital Partners
Top Earnings Estimators: Food Products

Rank Analyst Firm
1 Aaron, Edward RBC Capital Markets
2 Aslam, Farha Stephens Inc.
3 Zaslow, Kenneth BMO Capital Markets
Top Stock Pickers: Food Products

Rank Analyst Firm
1 Aslam, Farha Stephens Inc.
2 Lazar, Andrew Barclays
3 Serotta, Eric * Wells Fargo Securities
* Currently inactive
Top Earnings Estimators: Food & Staples Retailing

Rank Analyst Firm
1 Guheen, Colin Cowen and Company
2 Heinbockel, John Guggenheim Securities
3 Mushkin, Scott Jefferies & Co.
Top Stock Pickers: Food & Staples Retailing

Rank Analyst Firm
1 Mushkin, Scott Jefferies & Co.
2 Ohmes, Robert BofA Merrill Lynch Global Research
3 Adler, Meredith Barclays
Top Earnings Estimators: Gas Utilities

Rank Analyst Firm
1 Fairechio, Joanne CapStone Investments
2 Gross, Richard Barclays
Top Stock Pickers: Gas Utilities

Rank Analyst Firm
1 Khan, Faisel Citi Investment Research & Analysis
2 Gross, Richard Barclays
3 Hovis, Gary Argus Research
Top Earnings Estimators: Health Care Equipment & Supplies

Rank Analyst Firm
1 Bhalla, Amit Citi Investment Research & Analysis
2 Sung, Derrick Sanford C. Bernstein & Co.
3 Gleason, Scott Stephens Inc.
Top Stock Pickers: Health Care Equipment & Supplies

Rank Analyst Firm
1 Yeoh, Ben * Atlantic Equities
2 Myers, Raymond The Benchmark Company
3 Cooley, Chris Stephens Inc.
* Currently inactive
Top Earnings Estimators: Health Care Providers & Services

Rank Analyst Firm
1 Gurda, Jason Leerink Swann
2 Wolk, Helene * Sanford C. Bernstein & Co.
3 Marsh, Lawrence Barclays
* Currently inactive
Top Stock Pickers: Health Care Providers & Services

Rank Analyst Firm
1 Gupte, Ana Sanford C. Bernstein & Co.
2 Rigg, Chris Susquehanna Financial Group
3 Windley, David Jefferies & Co.
Top Earnings Estimators: Health Care Technology

Rank Analyst Firm
1 Stockton, Jamie * Morgan Keegan
2 Carpio, Leo Caris & Company
3 Jones, Bret Oppenheimer & Co.
* Currently inactive
Top Stock Pickers: Health Care Technology

Rank Analyst Firm
1 Sparacino, Frank First Analysis Corporation
2 Rahim, Atif J.P. Morgan
Top Earnings Estimators: Hotels & Leisure

Rank Analyst Firm
1 Marks, William JMP Securities
2 Curtis, Harry Nomura International
3 Lowrance, Jr., Fred T. Avondale Partners
Top Stock Pickers: Hotels & Leisure

Rank Analyst Firm
1 Eilers, Todd ROTH Capital Partners
2 Farley, Robin UBS
3 Kapoor, Amitabh Gabelli & Company
Top Earnings Estimators: Household Durables

Rank Analyst Firm
1 Wetenhall, Robert RBC Capital Markets
2 Horne, Buck & Puryear, Paul Raymond James
3 Rudiger, Adam Wells Fargo Securities
Top Stock Pickers: Household Durables

Rank Analyst Firm
1 Urani, David Wall Street Strategies
1 Rahmani, Jade Keefe, Bruyette & Woods
3 Micenko, Jack Susquehanna Financial Group
Top Earnings Estimators: Household Products

Rank Analyst Firm
1 Gere, Jason RBC Capital Markets
2 Schmitz, Bill Deutsche Bank Securities
3 Conder, Timothy Wells Fargo Securities
Top Stock Pickers: Household Products

Rank Analyst Firm
1 San Marco, John Janney Capital Markets
2 Altobello, Joseph Oppenheimer & Co.
3 Nicholson, Wendy Citi Investment Research & Analysis
Top Earnings Estimators: Independent Power Producers & Energy Traders

Rank Analyst Firm
1 Storozynski, Angie Macquarie Equities Research
Top Stock Pickers: Independent Power Producers & Energy Traders

Rank Analyst Firm
1 Storozynski, Angie Macquarie Equities Research
2 Hovis, Gary Argus Research
3 Chin, Brian Citi Investment Research & Analysis
Top Earnings Estimators: Industrial Conglomerates

Rank Analyst Firm
1 Kejriwal, Ajay FBR Capital Markets
2 Darling, Terry Goldman Sachs
3 Dray, Deane Citi Investment Research & Analysis
Top Stock Pickers: Industrial Conglomerates

Rank Analyst Firm
1 Feldman, Jason UBS
2 O'Callaghan, Shannon Nomura International
3 Dray, Deane Citi Investment Research & Analysis
Top Earnings Estimators: Insurance

Rank Analyst Firm
1 Labbe, Steven * Janney Capital Markets
2 Peters, C. Gregory Raymond James
3 Giovanni, Christopher Goldman Sachs
* Currently inactive
Top Stock Pickers: Insurance

Rank Analyst Firm
1 Sullivan, Brenna Dowling & Partners Securities
2 Hughes, Mark SunTrust Robinson Humphrey
3 Gallant, Cliff Keefe, Bruyette & Woods
Top Stock Pickers: Internet & Catalog Retail

Rank Analyst Firm
0 There are no winners in this industry.
Top Earnings Estimators: Internet & Catalog Retail

Rank Analyst Firm
1 Moran, Frederick * The Benchmark Company
2 Friedland, Jim Cowen and Company
3 Devitt, Scott Morgan Stanley
* Currently inactive
Top Earnings Estimators: Internet Software & Services

Rank Analyst Firm
1 Moran, Clayton The Benchmark Company
2 Roderick, Tom Stifel Nicolaus
3 Bartley, Chad Pacific Crest Securities
Top Stock Pickers: Internet Software & Services

Rank Analyst Firm
1 Milne, Shawn Janney Capital Markets
2 Patel, Jeetil * Deutsche Bank Securities
3 Moran, Clayton The Benchmark Company
* Currently inactive
Top Earnings Estimators: It Services

Rank Analyst Firm
1 Hemrajani, Manish Oppenheimer & Co.
2 Smith, Greg * Duncan Williams
3 Price, George BB&T Capital Markets
* Now at Sterne, Agee & Leach
Top Stock Pickers: It Services

Rank Analyst Firm
1 Gesuale, Brian Raymond James
2 Sakhrani, Sanjay Keefe, Bruyette & Woods
3 McCrohan, Thomas Janney Capital Markets
Top Earnings Estimators: Leisure Equipment & Products

Rank Analyst Firm
1 Hardiman, James Longbow Research
2 Hamann, Scott KeyBanc Capital Markets
3 McGowan, Sean Needham & Company
Top Stock Pickers: Leisure Equipment & Products

Rank Analyst Firm
1 Johnson, Gerrick BMO Capital Markets
2 Hamann, Scott KeyBanc Capital Markets
3 Dionisio, Rommel Wedbush Morgan Securities
Top Earnings Estimators: Life Sciences Tools & Services

Rank Analyst Firm
1 Quirk, William Piper Jaffray
2 Van Fleet, Todd First Analysis Corporation
3 Ferreiro, David Oppenheimer & Co.
Top Stock Pickers: Life Sciences Tools & Services

Rank Analyst Firm
1 Kreger, John William Blair & Company
2 Mackay, Alastair GARP Research & Securities
3 Leonard, Dan Leerink Swann
Top Earnings Estimators: Machinery

Rank Analyst Firm
1 Obin, Andrew BofA Merrill Lynch Global Research
2 Connors, Ryan Janney Capital Markets
3 Poliniak, Allison Wells Fargo Securities
Top Stock Pickers: Machinery

Rank Analyst Firm
1 Lisnic, Peter Robert W. Baird
2 Foung, James Gabelli & Company
3 Maczka, Kevin BB&T Capital Markets
Top Earnings Estimators: Marine

Rank Analyst Firm
1 Yagerman, Justin Deutsche Bank Securities
2 Boyden, Natasha * Cantor Fitzgerald
3 Lewis, Gregory Credit Suisse
* Currently inactive
Top Stock Pickers: Marine

Rank Analyst Firm
1 Hoexter, Ken BofA Merrill Lynch Global Research
2 Webber, Michael Wells Fargo Securities
3 Lewis, Gregory Credit Suisse
Top Earnings Estimators: Media

Rank Analyst Firm
1 Armstrong, Jason Goldman Sachs
2 Bazinet, Jason Citi Investment Research & Analysis
3 Mitchelson, Douglas Deutsche Bank Securities
Top Stock Pickers: Media

Rank Analyst Firm
1 Nathanson, Michael Nomura International
2 Martin, Laura Needham & Company
3 Morris, Michael Davenport & Company
Top Earnings Estimators: Metals & Mining

Rank Analyst Firm
1 Bridges, John J.P. Morgan
2 Tharani, Sal Goldman Sachs
3 Parr, Mark KeyBanc Capital Markets
Top Stock Pickers: Metals & Mining

Rank Analyst Firm
1 Lipschitz, David CLSA Crédit Agricole Securities
2 Rohr, Daniel Morningstar
3 Hayes, Timothy Davenport & Company
Top Earnings Estimators: Multiline Retail

Rank Analyst Firm
1 Weinswig, Deborah Citi Investment Research & Analysis
2 Miller, Mark William Blair & Company
3 Storms, Joan Wedbush Morgan Securities
Top Stock Pickers: Multiline Retail

Rank Analyst Firm
1 Wewer, Dan Raymond James
2 Adler, Meredith Barclays
3 Weinswig, Deborah Citi Investment Research & Analysis
Top Earnings Estimators: Multi Utilities

Rank Analyst Firm
1 Kalton, Neil Wells Fargo Securities
2 Bellessa, James D.A. Davidson & Co.
3 Eggers, Dan Credit Suisse
Top Stock Pickers: Multi Utilities

Rank Analyst Firm
1 Khan, Faisel Citi Investment Research & Analysis
2 Ellinghaus, Christopher Williams Capital Group
3 Parker, David Robert W. Baird
Top Earnings Estimators: Office Electronics

Rank Analyst Firm
0 There are no winners in this industry.
Top Stock Pickers: Office Electronics

Rank Analyst Firm
0 There are no winners in this industry.
Top Earnings Estimators: Oil, Gas & Consumable Fuels

Rank Analyst Firm
1 Forward, Paul Stifel Nicolaus
2 Aydin, Jack KeyBanc Capital Markets
3 Cheng, Paul Barclays
Top Stock Pickers: Oil, Gas & Consumable Fuels

Rank Analyst Firm
1 Kirst, Carl BMO Capital Markets
2 Hovis, Gary Argus Research
3 Hoexter, Ken BofA Merrill Lynch Global Research
Top Earnings Estimators: Paper & Forest Products

Rank Analyst Firm
1 Chercover, Steven D.A. Davidson & Co.
2 Atkinson, Stephen BMO Capital Markets
3 Quinn, Paul RBC Capital Markets
Top Stock Pickers: Paper & Forest Products

Rank Analyst Firm
1 Chercover, Steven D.A. Davidson & Co.
Top Earnings Estimators: Personal Products

Rank Analyst Firm
0 There are no winners in this industry.
Top Stock Pickers: Personal Products

Rank Analyst Firm
0 There are no winners in this industry.
Top Earnings Estimators: Pharmaceuticals

Rank Analyst Firm
1 Risinger, David Morgan Stanley
2 Steinberg, David Deutsche Bank Securities
3 Nachman, Gary Susquehanna Financial Group
Top Stock Pickers: Pharmaceuticals

Rank Analyst Firm
1 Chiang, Tim CRT Capital Group
2 Scala, Steve Cowen and Company
3 Fernandez, Seamus Leerink Swann
Top Earnings Estimators: Professional Services

Rank Analyst Firm
1 Govatos, Ty C.L. King
2 Leben, Daniel Robert W. Baird
3 Warmington, William Raymond James
Top Stock Pickers: Professional Services

Rank Analyst Firm
1 Lekraj, Vishnu Morningstar
2 Warmington, William Raymond James
3 Meltz, Michael J.P. Morgan
Top Earnings Estimators: Real Estate Investment Trusts (Rei Ts)

Rank Analyst Firm
1 Petrik, Rod Stifel Nicolaus
2 Taiano, Michael * Sandler O'Neill
3 Forst, Dennis KeyBanc Capital Markets
* Currently inactive
Top Stock Pickers: Real Estate Investment Trusts (Rei Ts)

Rank Analyst Firm
1 Spector, Jeffrey BofA Merrill Lynch Global Research
2 Poskon, Paula Robert W. Baird
3 Galan, Jana BofA Merrill Lynch Global Research



Top Earnings Estimators: Restaurants

Rank Analyst Firm
1 Slabaugh, Will Stephens Inc.
2 Juhan, Phillip BMO Capital Markets
3 Tompkins, Destin * Morgan Keegan
* Currently inactive

Top Stock Pickers: Restaurants

Rank Analyst Firm
1 Kelter, Michael Goldman Sachs
2 Smith, Mark Feltl & Company
3 Senatore, Sara Sanford C. Bernstein & Co.

Top Earnings Estimators: Road & Rail

Rank Analyst Firm
1 Jones, Chaz * Morgan Keegan
2 Langenfeld, Jon ⁺ Robert W. Baird
3 Ceraso, Chris Credit Suisse
* Currently inactive
⁺ Currently inactive
Top Stock Pickers: Road & Rail

Rank Analyst Firm
1 Pickral, George Stephens Inc.
2 Ceraso, Chris Credit Suisse
3 Brown, Patrick Tyler & Fisher, William Raymond James

Top Earnings Estimators: Semiconductors & Semiconductor Equipment

Rank Analyst Firm
1 Sur, Harlan J.P. Morgan
2 Berger, Craig FBR Capital Markets
3 Mok, Y. Edwin Needham & Company

Top Stock Pickers: Semiconductors & Semiconductor Equipment

Rank Analyst Firm
1 Zabitsky, Edward ACI Research
2 Heller, Mark CLSA Crédit Agricole Securities
3 Diffely, Thomas D.A. Davidson & Co.
Top Earnings Estimators: Software

Rank Analyst Firm
1 Weller, Todd C. Stifel Nicolaus
2 Koenig, Steve Longbow Research
3 Pachter, Michael Wedbush Morgan Securities
Top Stock Pickers: Software

Rank Analyst Firm
1 Huang, Michael Needham & Company
2 Elsheshai, Nabil Pacific Crest Securities
3 Patil, Shyam Raymond James
Top Earnings Estimators: Specialty Retail

Rank Analyst Firm
1 Fassler, Matthew J. Goldman Sachs
2 Wewer, Dan Raymond James
3 Caruthers, Jill Johnson Rice & Company
Top Stock Pickers: Specialty Retail

Rank Analyst Firm
1 Hofkin, Daniel William Blair & Company
2 Poser, Sam Sterne, Agee
3 Wahlstrom, Peter Morningstar
Top Earnings Estimators: Textiles Apparel & Luxury Goods

Rank Analyst Firm
1 Binetti, Micheal UBS
2 Chen, Christine * Needham & Company
3 Sozzi, Brian ⁺ Wall Street Strategies
* Currently inactive
⁺ Currently inactive
Top Stock Pickers: Textiles Apparel & Luxury Goods

Rank Analyst Firm
1 Binetti, Michael UBS
2 Gallacher, Claire * CapStone Investments
3 Tan, Michelle ⁺ Goldman Sachs
* Now at Auriga USA
⁺ Currently inactive
Top Earnings Estimators: Thrifts & Mortgage Finance

Rank Analyst Firm
1 Clark, Matthew Keefe, Bruyette & Woods
2 Zerbe, Ken Morgan Stanley
3 Ramsey, Bob FBR Capital Markets
Top Stock Pickers: Thrifts & Mortgage Finance

Rank Analyst Firm
1 Shafir, Mike Sterne, Agee
2 Schiraldi, Frank Sandler O'Neill
3 Hunsicker, Laurie * Stifel Nicolaus
* Currently inactive
Top Earnings Estimators: Tobacco

Rank Analyst Firm
1 Hong, Judy Goldman Sachs
2 Adelman, David Morgan Stanley
3 Gurkin, Ann* Davenport & Company
Top Stock Pickers: Tobacco

Rank Analyst Firm
1 Hong, Judy Goldman Sachs
2 Adelman, David Morgan Stanley
3 Branca, Michael Barclays
Top Earnings Estimators: Trading Companies & Distributors

Rank Analyst Firm
1 Rakers, Brent * Morgan Keegan
2 Becker, Helane Dahlman Rose & Co.
3 Bugatch, Budd & Darkatsh, Sam Raymond James
* Currently inactive
Top Stock Pickers: Trading Companies & Distributors

Rank Analyst Firm
1 Manthey, David Robert W. Baird
2 Rakers, Brent * Morgan Keegan
* Currently inactive
Top Earnings Estimators: Transportation Infrastructure

Rank Analyst Firm
0 There are no winners in this industry.
Top Stock Pickers: Transportation Infrastructure

Rank Analyst Firm
0 There are no winners in this industry.
Top Earnings Estimators: Water Utilities

Rank Analyst Firm
1 Kalton, Neil Wells Fargo Securities
2 Sweeney, Gerard Boenning & Scattergood
3 Shmois, Garik Longbow Research
Top Stock Pickers: Water Utilities

Rank Analyst Firm
1 Shmois, Garik Longbow Research
2 Sweeney, Gerard Boenning & Scattergood
Top Earnings Estimators: Wireless Telecommunication Services

Rank Analyst Firm
1 Cusick, Philip J.P. Morgan
2 Dezego, Robert * SunTrust Robinson Humphrey
3 Larsen, Christopher Piper Jaffray
* Currently inactive
Top Stock Pickers: Wireless Telecommunication Services

Rank Analyst Firm
1 Love, Imari Morningstar
2 Flannery, Simon Morgan Stanley
3 Barden, David BofA Merrill Lynch Global Research


Starmine Awards List. Included to develop profiles of analysts