Events & Webinars

CFRA hosts global events and webinars that bring together our
experienced research leaders and industry experts to deliver ideas,
case studies, and discussions around forensic and fundamental
equity, ETF and mutual fund strategies and methodologies.

CFRA Events and Webinars

Register for one of our upcoming sessions, or view the replay from one of our recent sessions.

14
Oct
October 14, 2020
As governments around the world look to re-ignite economic growth in wake of the Covid-19 pandemic, concerns remain around how to return to offices, schools, and stores safely and responsibly. In the new normal, certain industries will play a key role to overcome these challenges and ETFs can provide targeted exposure to these themes. We will explore these topics further in a 30-minute webinar discussion led by Todd Rosenbluth, Head of ETF & Mutual Fund Research at CFRA, and featuring Jay Jacobs, Head of Research & Strategy at Global X ETFs. Topics to be covered: Themes that...
08
Oct
October 08, 2020
The general election is only a few months away and polls show the Biden/Harris ticket leading by a wide margin. Wall Street does not like uncertainty, and the upcoming election offers plenty of it. Wall Street is concerned by the prospects of a clean sweep, with the Democrats regaining control of the presidency as well as both houses of Congress. The stock market has been a reliable predictor of election results, and history hints (but does not guarantee) that a Democratic trifecta sweep would send stocks lower but then recover in the following month and calendar year. Even though the marke...
23
Sep
September 23, 2020
Session 4: Real Estate Road to Recovery from the Abyss This CFRA webinar will provide a better understanding of real estate investment trusts (REITs) with the macro factors driving the road to recovery, including fundamentals and whether stocks are undervalued. CFRA analysts Ken Leon and Chris Kuiper will share their research insights on how each property type in the real estate industry has been financially affected by the Covid-19 impact and how long the recovery may take for these asset classes. Specific topics include - Highlights of the current real estate environment and expected...
09
Sep
September 09, 2020
Session 3: Invest in American Infrastructure: Opportunities, Risks, and Politics This webinar will provide a better understanding of the infrastructure opportunity and the potential risk to federal funding. CFRA analysts will share their research insights on the potential timeliness to federal legislation, outlook for addressable markets, and the industries and companies most likely to benefit. During this session, CFRA analysts Matthew Miller, Elizabeth Vermillion, and Richard Wolfe will explore – Major trends and the outlook for construction materials and steel, construction ma...
26
Aug
August 26, 2020
Session 2: Health Care: Covid-19 Therapies and Investing in the Medical Landscape Covid-19 has bifurcated the biopharma industry into companies that are working on Covid-19 therapies and those that are not. In parallel, risks to public health continue to increase after medical procedure volumes declined significantly at the peak of the pandemic. During this session, CFRA analysts Sel Hardy and Kevin Huang will highlight - Companies focused on leading treatments and vaccines, the commercial opportunities, and how this is reflected in share prices. Manufacturing and R&D challen...
19
Aug
August 19, 2020
For much of 2020, many Americans have needed to adjust to working from home, using new technologies and a flexible approach to balancing their many tasks. Meanwhile, many businesses have seen how productive their employees can be outside of a communal office and are considering a more permanent shift of personnel. Join CFRA’s Head of ETF & Mutual Fund Research Todd Rosenbluth and Direxion’s Managing Director, Product, David Mazza, as they discuss: The investment case for cloud computing, cybersecurity, online project and document management and remot...
12
Aug
August 12, 2020
Session 1: Disruptive Technologies & Cloud Computing Opportunities Accelerate The recent market downturn can be fuel for software firms seeking to cross the chasm, as critical enterprise applications continue their move to the cloud. Software is no longer just aiding in the management of labor and capital in the means of production, increasingly, software IS the means of production. In conjunction, the need for data centers has intensified as the semiconductor and storage provider industries accelerate data growth, while artificial intelligence (AI) and other emerging technologies expan...
09
Jul
July 09, 2020
The equity markets have continued to work their way closer to breakeven on better-than-expected economic reports and continued investor optimism toward the gradual recovery of the global economy.  Businesses are slowly re-opening, travel plans are being reconsidered, and consumers proceed cautiously on discretionary purchases. Looking at S&P 500 and sector earnings and valuations, how will the current market situation stack up to history? Will consumer discretionary stocks such as restaurants, travel, and tourism-related industries – those most deeply impacted by the pandemic – recov...
25
Jun
June 25, 2020
The meat processing and distribution infrastructure that normally supplies U.S. grocery stores has been impacted heavily in recent weeks as meatpacking facilities became Covid-19 hot spots and closed. At the same time, the U.S. has been on a trajectory of increased demand for alternative meat products and a variety of new lab and plant-based alternatives have emerged. These trends, combined with trends in consumer confidence, spending habits, and finances, have spurred a new dynamic for investors to consider. Please join CFRA for a one-hour webinar in which our analysts review the factors i...
17
Jun
June 17, 2020
CFRA sees an enhanced opportunity for many companies that serve governments, which experienced significant share price declines since the start of Covid-19.  In our view, stable government funding is allowing these businesses to see limited impact from the pandemic. CFRA believes these stocks may outperform the market during uncertain times. Please join CFRA for a one-hour webinar, Playing Defense in a Volatile Market, to learn more and find out if this trend will continue for government-focused enterprises. Our analysts will review topline government spending trends and detail the opportu...
04
Jun
June 04, 2020
The coronavirus is having a significant impact on U.S. households and influencing the consumer’s confidence, spending habits, and finances – and these trends will likely continue even after the coronavirus crisis resolves. The financial health of the U.S. consumer is paramount to getting back to a healthy economy, whether it be a V-shape or a prolonged U-shape economic recovery. Please join CFRA for a one-hour webinar in which our analysts dive deep into the factors influencing consumer spending and consumer confidence, and what this means for investors. We’ll take a look at household...
28
May
May 28, 2020
Market disruptions like Covid-19 are having a significant impact on the Wealth Management market, and how the Asset Management industry positions with its investment products. Wealth management is rapidly changing in how leading firms are engaging their customers with investment advice. Market strategies are changing to address the ultra-high net worth (UHNW), HNW, and Mass Affluent market segments. Leading asset management firms are expanding their products that include private equity and other alternative investments. The velocity of change is impacting how firms communicate and delight cust...
12
May
May 12, 2020
Cyclical sectors have historically been stronger in the fall and winter, while defensive sectors have performed best during the remaining months. However, investors would have been better rotating in March this time around. Does the impact of Covid-19 change how CFRA thinks about seasonality and can a more fundamental approach to ETF investing -- focused on valuation and profitability -- help advisors? We will explore this topic further in a webinar discussion led by Todd Rosenbluth, Head of ETF & Mutual Fund Research at CFRA, and featuring Sam Stovall, Chief Investment Strategist at CF...
16
Apr
April 16, 2020
Advisors are increasingly looking to ETFs to incorporate long-term investment themes, while benefiting from diversification. However, the supply of related products has grown, making it harder to sort through the variety of choices and understand how they fit in with an existing asset allocation strategy. Still in their early days, as of December 31,2019, thematic ETFs held about $28 billion, out of $4.4 trillion in the overall ETF space, representing just 0.6% of the industry, across 121 funds. Yet assets in thematic ETFs have approximately quintupled since 2015 as interest in these strategie...
07
Apr
April 07, 2020
The dizzying volatility of the stock market, sparked by the fast-spreading coronavirus, has made investors wary and has brought consumer confidence into question. Turbulence has been seen across most sectors, with an oil price war triggering steep drops in energy sector and a flight to quality. Is a prolonged bear market in store? Or is this simply a correction that many strategists knew would be inevitable? Join CFRA’s Sam Stovall, Chief Investment Strategist, Stewart Glickman, head of energy sector research, and Todd Rosenbluth, head of ETF and mutual fund research for webinar discussio...
01
Apr
April 01, 2020
The video streaming TV revolution has ushered in a golden but disruptive era. Early movers such as Netflix, Amazon and Hulu are set to face intensifying competition this year from newer high-profile entrants such as Disney+ and Apple TV+. The streaming wars – and the stakes – have never been higher. In fact, we’re seeing signs of major escalation of the streaming wars. Join CFRA for an informative discussion where we will highlight the major categories of streaming video offerings, key secular factors, and other changes in the television ecosystem. We will identify the current trends ...
25
Mar
March 25, 2020
Electric vehicles and autonomous technologies are positioned to disrupt the automotive industry over the next decade. The shift towards electric vehicles and the potential of autonomous cars are significantly increasing the technology content per vehicle, with impacts to battery capabilities, 5G connectivity, infotainment, cameras, radar systems, and more – all of which are transforming automobiles as the next big tech device. Please join CFRA for an educational webinar where we’ll provide our outlook for the future of electric vehicles, and if and when fully autonomous vehicles become ...
26
Feb
February 26, 2020
As we begin a new decade, we also enter a remarkable moment in the technology industry. As 5G scales and gains traction from both hardware manufacturers and consumers, we see a transformational shift in the technology industry. It comes as no surprise that prospects of 5G have been discussed at length by many, including government agencies across the globe. The new 5G is much more than your typical handset upgrade cycle - it is a new technology. The implications are virtually endless, with great new features that have already been embedded in mobile devices over the years (e.g. OLED and augmen...
19
Feb
February 19, 2020
In January 2020, CFRA enhanced its ratings methodology to better reflect the unique nature of ETFs, apart from mutual funds, and the rapid changes within the ETF space. The new rating methodology enables us to identify those ETFs with consistent records of success in both up and down markets, which is important as the return of volatility seems likely to be on the horizon. Please join CFRA’s panel of ETF experts for a discussion of our independent, forward-focused and predictive ratings methodology, and how we use an advanced machine-learning based solution that considers critical factors...
16
Jan
January 16, 2020
In December, CFRA delivered its “2020 Foresight” for the coming year. Now it’s time to dig deeper into sectors and sub-industry investment opportunities. Please join CFRA for a complimentary webinar in which our chief investment strategist and seasoned equity analysts will provide greater clarity into their “best of the best” predictions for 2020. Sam Stovall, Chief Investment Strategist at CFRA, recently hosted a webinar discussion where we provided our U.S. economic and investment outlook for 2020, predictions about the market, and what investors should consider when planning fo...
11
Dec
December 11, 2019
2020 Foresight: CFRA's Market Outlook Wednesday, December 11, 2019 11:00 AM Eastern | 8:00 AM Pacific Investors have much to consider as they look to the year ahead as equity prices explode and earnings estimates implode, talks of a trade deal between the U.S. and China continue, the Presidential impeachment inquiry carries on, and Fed rate-cutting actions stem. Is the rally here to stay? Please join CFRA Chief Investment Strategist Sam Stovall and Director of Equity Research Kenneth Leon for a complimentary conversation on these issues on December 11, during which we will provide ...
05
Dec
December 05, 2019
The Real Estate sector outperformed the broader US equity market for much of 2019, providing investors with a combination of income and capital appreciation. But what’s lies ahead for the sector remains harder to determine for advisors, particularly if a recession emerges. Which sub-industries are positioned to perform better, and which may perform worse next year? We will explore this topic further in a discussion led by Todd Rosenbluth, CFRA Head of ETF & Mutual Fund Research, and featuring Thomas Youn, portfolio manager of Guggenheim Risk Managed Real Estate Fund and Chris Kuiper, ...
07
Nov
November 07, 2019
The U.S. and U.K. housing markets have so far this year been promising for both investors and would-be home buyers. Favorable economic conditions, rising household income and other demographic changes continue to support demand. But will this trend continue? Please join CFRA for a complimentary webinar in which we review the fundamentals of the U.S. and U.K. homebuilder industry and provide our ...
22
Oct
October 22, 2019
The $4 trillion ETF industry has swelled in size in the last five years, with many deep-pocketed new entrants, a heated-up fee war impacting Index providers, as well as lots of successful products and many closures. Much of the attention has focused on most recent developments, but now, using First Bridge ETF Data and Analytics from CFRA, we provide an exclusive look into the top trends and ETF successes and failures over the past five years. Please join CFRA’s panel of ETF experts for a deep dive discussion based on our five year look back of the ETF universe, using the survivorship-bias...
15
Oct
October 15, 2019
Since 1990, the S&P 500 has risen an average 4.3% in the fourth quarter and gained in price 80% of the time. While all 11 sectors recorded price increases, those with the highest magnitude and frequency of advance were the consumer discretionary and consumer staples sectors. And with S&P 500 EPS projected to record a 3.6% rise in Q4 2019, after being forecast to decline by a similar percentage in Q3, investors have reason to look upon this upcoming holiday quarter with an optimistic eye. CFRA invites you to a complimentary webinar on October 15, during which we’ll explore this top...
08
Oct
October 08, 2019
Stocks in the S&P MidCap 400® Index have generated strong risk-adjusted returns historically, compared to large- and small-caps. They offer a strong combination of growth and stability traits that should garner significant interest. Yet, this sweet spot of the US equity market is largely ignored by fund investors. On October 8 at 11:00 am ET we will explore this topic further. Join Todd Rosenbluth, CFRA Head of ETF & Mutual Fund Research, and Matt Bartolini, Head of SPDR Americas Research, for a discussion on mid-cap index strategies. Highlights of the discussion: How mid...
02
Oct
October 02, 2019
Please join CFRA for a live webinar on October 2, where we will provide attendees with the exclusive opportunity to learn more about technology platforms and legal risks and take a closer look at technology platform stocks and regulatory risks. The discussion will include key insights on legal risks associated with: Apple Facebook Alphabet Amazon Examples of strategies you can use to model risks legal risks for the four dominant technology platforms. Additionally panelists will discuss the benefits as well as the risks of buying, holding, and selling these blue chip stoc...
24
Sep
September 24, 2019
Investors, recognizing the benefits of the ETF vehicle for fixed income, continue to pour record amounts into bond ETFs while the active vs. passive debate is heating back up. There are many reasons why actively managed bonds can potentially outperform passive – yet the flows are overwhelmingly going to passive fixed income ETFs. Are these allocations to passive intentional or inadvertent? Do investors realize how bonds are different than equities when it comes to indexing? Todd Rosenbluth, CFRA Head of ETF & Mutual Fund Research and David Braun, Managing Director and Portfolio Manage...
05
Sep
September 05, 2019
Please join CFRA for a live webinar on September 5, where we will provide attendees with the exclusive opportunity to learn more about CFRA’s research methodologies regarding non-GAAP metrics.   Led by Emily Grant Turner, CFRA senior analyst, we will discuss non-GAAP metrics: CFRA's view of common non-GAAP adjustments Restructuring charges Stock-based compensation expense Pension adjustments Purchase accounting Adjustments to EBITDA Examples of how companies can distort their financial results through manipulation of discretionary metrics salesfo...
13
Aug
August 13, 2019
Cyclical sectors such as information technology and consumer discretionary drove equity markets to record levels in the first half of 2019, but, historically in the third quarter defensive sectors such as consumer staples and utilities have performed better amid market volatility. As second quarter earnings season wraps up, advisors will have greater clarity on whether cyclicals will remain the leaders heading into 2020 or whether a defensive posture may be warranted. During CFRA’s webinar on August 13, we will explore this topic further. Join Lindsey Bell, CFRA Investment Strategist, Tod...
23
Jul
July 23, 2019
The third quarter is historically the weakest of the year, and 2019 is looking to be no exception, especially after the explosive start that we had earlier in the year. The current economy and bull market are now the longest in history. Wall Street analysts have been crying wolf, calling for a 3% drop in Q1 EPS only to see them rise by 2.5%. This quarter’s results are seen falling nearly 2%. But with elevated geopolitical tensions, ongoing trade disputes, and global economic growth worries, is a potential EPS recession in store? Or, might the Fed disappoint investors by NOT cutting rates at ...
20
Jun
June 20, 2019
Canada is a resource-rich nation, but high exposure to those natural resources brings volatility, due to a combination of trade risks, commodity price fluctuation, the environmental movement, and regulatory developments. Is it a good time to rotate into, or out of, cyclical sectors in the TSX? How do we see prospects for key commodities such as gold, copper, crude oil and natural gas, as well as for the companies that play in those areas? And how do these companies north of the border stack up against their American counterparts? Please join CFRA for a complimentary webinar, where we will ...
12
Jun
June 12, 2019
Advisors are increasingly seeing the appeal of ETFs that offer exposure to stocks based on Environmental, Social and/or Governance (ESG) criteria. While many investors have interest in incorporating ESG factors into their investment strategy, the collective ETF assets remains small. CFRA thinks this is partially the result of many not understanding what they are and what’ really inside their fund. During CFRA's webinar on June 12, we will explore this topic further. Todd Rosenbluth, CFRA Head of ETF & Mutual Fund Research and Arne Noack, Head of U.S. Product Development at DWS will di...
30
May
May 30, 2019
CFRA Earnings Scores have predictive value that can be used to mitigate risks related to class action lawsuits. A detailed study finds that CFRA Earnings Scores on average trend higher and ultimately peak fifteen months prior to the class action filing date. This continues to support our view that analyzing the accrual component of earnings, the basis for CFRA Earnings Scores, is critical. The accrual component of a company’s earnings represents the more discretionary, non-cash component of a company's earnings, which tends to be less reliable and less persistent than earnings supported by c...
22
May
May 22, 2019
Rising drug prices have been on voters’ and legislators’ minds recently, as it appears that it’s becoming increasingly difficult for many Americans to afford their medications. CFRA believes that drug prices may not be a primary driver of mounting health care costs in the US; however, we suspect that legislators are aware of that. Please join CFRA for a complimentary webinar in which we cover competitive factors impacting drug pricing, highlight trends in the biopharmaceutical industry, and discuss potential legislation that could come out of Washington D.C. related to the drug indust...
14
May
May 14, 2019
Investors tend to think of ETFs as only products that track an index, but CFRA has seen supply and demand for actively managed ETFs where security selection is at management’s discretion. More asset managers are leveraging their fundamental investment strategies previously available only in a mutual fund and launching transparently run, tax-efficient ETFs. CFRA invites you a complimentary webinar on May 14, during which we’ll explore this topic further. You will hear from Todd Rosenbluth, CFRA Head of ETF & Mutual Fund Research and Dodd Kittsley, Davis Funds National Director as the...
30
Apr
April 30, 2019
The Permian Basin in West Texas and Eastern New Mexico has been a relentless source of incremental supply, and despite recent problems with congestion, incremental volume growth still seems ample. While CFRA thinks the Permian will eventually yield to the law-of-large-numbers problem that typically besets engines of high growth, we do not think 2019 is the year when the Permian caves in and declines from legacy wells overtake additions from new wells. Please join CFRA for a complimentary webinar where we highlight emerging trends in the Energy sector, with a focus on Oil & Gas Explorati...
09
Apr
April 09, 2019
The consensus view is forecasting for Q1 earnings to be down. Wall Street expects a near 2% decline in Q1 S&P 500 earnings. Many believe this is the first step to an earnings recession. We at CFRA, however, believe it will simply be a short-term stumble along the way. CFRA’s view is that the economy will sidestep recession, and we therefore search for unanticipated opportunities. CFRA invites you to a complimentary webinar on April 9th, during which we’ll explore this topic further. You will hear from Sam Stovall, CFRA’s Chief Investment Strategist, Lindsey Bell, CFRA Investment ...
26
Mar
March 26, 2019
Please join CFRA for a webinar on March 26, where we will discuss Financial Shenanigans and how to identify discrepancies between reported financial results and a company or industry's underlying economic reality. It is no secret that public company management teams use complicated accounting tricks to hide operational deterioration in their underlying business. Using company examples, we point out how revenues, margins, and non-GAAP metrics can be flattered through aggressive accounting or other manipulative techniques. During this session, participants will learn how to identify the...
14
Mar
March 14, 2019
Please join CFRA for a complimentary webinar on March 14, where our leading equity analysts will discuss Amazon and its disruption of the retail and logistics areas. During this session, participants will learn: CFRA's views on Amazon, with a focus on retail and logistics - areas where the company has demonstrated market leadership CFRA's analysis of certain categories and companies within the retail segment and their positioning given Amazon's broad dominance, including the companies that are the most and least vulnerable, and why Basics about the business of logistics, why A...
05
Mar
March 05, 2019
CFRA kicked off the recent Inside ETF conference highlighting key do’s and dont's when choosing and purchasing an ETF. In this expanded presentation, Todd Rosenbluth, our Director of ETF and Mutual Fund Research will review CFRA’s unique holdings-focused ratings approach and highlight several case studies where the lower-priced or larger ETF performed quite differently from similar sounding peers. During this session you will also hear from CFRA’s leading equity analysts who will discuss the fundamentals of the sectors and industries behind some of these funds, including technology a...
28
Feb
February 28, 2019
CFRA invites you to a discussion of QUALCOMM Inc. (QCOM) and Legal Edge, hosted by the head of CFRA Legal Edge, Nick Rodelli. CFRA has a strong track record of actionable calls on QUALCOMM at major inflection points over the past 12 years (80% hit rate, 28.8% average alpha), and has closely followed the FTC v. QUALCOMM trial, the Apple v. QUALCOMM San Diego federal court case, and related litigation. During this session, Nick Rodelli and the CFRA team will discuss: Our views on the FTC v. QUALCOMM case, including an assessment of the FTC’s evidence, QUALCOMM’s defenses, our...
19
Feb
February 19, 2019
During this webinar, CFRA reviewed our stock and model portfolio performance for 2018 and methodology enhancements to continually improve performance. CFRA’s proprietary STARS® (STock Appreciation Ranking System) methodology provides a highly refined, rigorous and globally-consistent process to help investors make informed investment decisions. During this session, CFRA’s Global Director of Research & Analytics Zach Gast, CFRA Strategist Lindsey Bell, and CFRA's Chief Investment Strategist Sam Stovall discussed: STARS Rating Performance for 2018 Model Portfolio Retur...
14
Feb
February 14, 2019
CFRA’s robust, independent forensic research methodology uncovers important differences between reported financial results and a company or industry’s true financial health. To assist investors with idea generation and understanding financial statement risk, CFRA’s Biggest Concerns List provides an expertly curated portfolio which seeks to identify manipulative accounting schemes which mask deterioration in a company’s underlying business.   CFRA invites you to an informative webinar where we will highlight important market relevant accounting topics that investors need to k...
14
Jan
January 14, 2019
CFRA invites you to a complimentary webinar on January 14, during which our expert equity analysts will discuss payments companies, the winners and losers, and the outlook ahead as the world goes digital. During this session, you will hear from CFRA’s Director of Equity Research Scott Kessler and CFRA Equity Research Analysts Chris Kuiper and David Holt as they discuss:   The current landscape for payments companies and their offerings Future opportunities for and potential threats to U.S. consumer finance players A view of payment networks and the next payment giants...
09
Jan
January 09, 2019
Please join senior investment strategists and research leaders from CFRA for a complimentary webinar on January 9, during which we will provide thoughts on what to consider when investing in today’s volatile and low growth market environment as we pass peak earnings/growth and look to the year ahead.   During this session, you will hear from CFRA’s Chief Investment Strategist Sam Stovall, Investment Strategist Lindsey Bell, and Senior Director of ETF & Mutual Fund Research Todd Rosenbluth, as they discuss important concerns such as adjusting expectations, targets, earnings, ...
18
Dec
December 18, 2018
It’s that time of year again! Temperatures have fallen. The holidays are in the air. And our team is making predictions for the new year! Please join equity analysts from CFRA for a complimentary webinar on December 18, during which we will provide what we think are some of the team’s best predictions for 2019, across multiple sectors and sub-industries. As we conclude 2018 and look towards next year, CFRA’s team of analysts has been thinking about the themes, trends and developments that could move markets and stocks in 2019, and has been working on related predictions research t...
05
Dec
December 05, 2018
Please join CFRA for an informative webinar on Wednesday, December 5. Over the past few years, companies have been using two discreet techniques to flatter their cash flow: a) reverse factoring (aka supplier factoring, structured payables programs, confirming, and/or supply chain financing) and b) receivables factoring (aka discounting receivables, selling receivables, receivables financing). Location matters as under IFRS companies classify reverse factoring differently in the Statement of Cash Flow, impacting comparability. For the sale of receivables, a new accounting standard update ...
30
Oct
October 30, 2018
During this webcast, Sam Stovall, Chief Investment Strategist at CFRA and Zach Gast, Global Head of Research at CFRA answered two essential questions that investors have been asking lately, with the recent market fluctuations: How long might this decline last and how deep could prices fall? More important, how quickly could we recover and which groups could lead the way? Presented by: Sam Stovall, Chief Investment Strategist, CFRA Moderated by: Zach Gast, Global Head of Research, CFRA
09
Oct
October 09, 2018
During this webinar, thought leaders from CFRA provided their perspective on markets, sectors and ETFs for the balance of the year and into 2019. A major theme addressed throughout the presentation is seasonality and how to better understand and capitalize on it from an investment perspective. CFRA’s Chief Investment Strategist Sam Stovall, Investment Strategist Lindsey Bell, and Senior Director of ETF & Mutual Fund Research Todd Rosenbluth, provided an overview of: An explanation of the importance of seasonality in anticipating market movements and identifying related invest...
26
Sep
September 26, 2018
Advisors face a myriad of choices when it comes to identifying the best ETFs, particularly as new products continued to emerge over the last three years. Knowing how to guide your clients through the complexities of the various ETF offerings is critical to providing objective guidance. During this session, CFRA’s Todd Rosenbluth, Head of ETF & Mutual Fund Research, was joined by a panel of experts from BlackRock, JP Morgan, and OppenheimerFunds. The panelists discussed the growing usage of smart beta equity and fixed income ETFs and the appeal of these strategies for investors, inc...
12
Sep
September 12, 2018
CFRA’s Legal Edge team discussed the key legal, regulatory, and policy risks for the four dominant US technology platforms: Alphabet, Amazon, Apple, and Facebook. During this session, we reviewed the strategies you can use to model legal risks for each of these four dominate technology platforms, and discussed the positive and negative catalysts that could trigger repricing of the stocks. Legal situations are often under-covered by sell-side research. That’s why CFRA Legal Edge partners with institutional investors to understand the legal and regulatory risks related to public compani...
06
Sep
September 06, 2018
We anticipate a slew of Apple products to launch this fall across all major product categories, led by three new iPhones. During this session you will hear from CFRA’s senior analyst Angelo Zino and CFRA’s head of global research Zach Gast as they provide our expectations of new products set to be unveiled by Apple at its all-important annual September event, and what this may mean for investors: forecasts on the potential new device launches; expectations on the winners and losers within the Apple supply chain over the next twelve months; and the investment outlook on Apple a...
07
Aug
August 07, 2018
This webinar examined case studies of companies that showed financial statement red flags but weren’t placed on the Biggest Concerns list. When it comes to idea generation and understanding financial statement risk, CFRA’s Biggest Concerns List is an expertly curated portfolio which seeks to identify manipulative accounting schemes which mask deterioration in a company’s underlying business. CFRA looks at companies that have poor quality of reported financial results, operational metrics and/or corporate governance issues – and while not every company we analyze rises to the level ...
25
Jul
July 25, 2018
Todd Rosenbluth, Head of ETF & Mutual Fund Research and Paul Beland, Deputy Director of Research at CFRA reviewed the highlights from the first half of 2018 and discuss the outlook for active mutual Funds and index ETFs. During this session, we reviewed: Equity and bond investment styles where active performed the best vs. index-based ETFs. Examples of mutual funds that are appealing based on forward looking analysis. Smart beta ETF strategies that delivered outperformance and what’s inside them. How advisors are using CFRA’s tools to leverage our sector and stock rese...
10
Jul
July 10, 2018
During this session, CFRA’s leading experts provided an overview of S&P 500 and sector earnings and valuations. • CFRA’s outlook for the second half of 2018, just ahead of Q2 earnings season and a few months before the mid-term elections • A look at S&P 500 and sector earnings and valuations, highlighting sectors on which CFRA recently became more positive, most notably Technology • Details about ETFs focused on the Technology and Energy sectors, with some specific stock recommendations Speakers: • Sam Stovall, Chief Investment Strategist, Equity Research • Linds...

Tomas Perez is currently a Bespoke Analyst at CFRA research.

Previously he was a Senior Associate at KPMG, LLP focused on the insurance industry, on a variety of projects in audit and advisory services for multiple Fortune 500 clients.

Tomas is also a graduate of the Ohio State University, having received a Bachelor’s of Science in Business Administration with a Specialization in Accounting and a minor in Economics. He is also a licensed CPA in the state of Ohio.

Nick Rodelli is the founder and head of CFRA’s Legal Edge, an institutional investor research product focused on legal and regulatory risk.

Prior to joining the firm, Nick was a litigator and corporate governance counselor at Wilson Sonsini Goodrich and Rosati, a Palo Alto, CA technology sector-focused law firm, and Jenner & Block in Chicago, IL, and a merger arbitrage and special situations analyst at a multi-strategy hedge fund, where he performed merger antitrust, litigation, SEC Enforcement, and regulatory risk assessments, and fundamental analysis. Nick has appeared on CNBC and has been quoted in Barron's, Bloomberg, The New York Times, and other major publications.

Nick holds a Juris Doctor degree from the University of North Carolina at Chapel Hill.

Veronica Mercier is a Junior Analyst on the Bespoke Team within Forensic Research Services. She conducts in-depth financial analysis and qualitative review of public-facing companies to produce custom reports for clients. Prior to joining CFRA in May of 2019, Veronica worked as a Student Economist in the Division of Insurance and Research at the FDIC where she conducted banking research.

Veronica holds an MA in Economics from George Mason University as well as a BS in Mathematics and BA in Economics from the University of Tampa.

Sel Hardy joined CFRA in October 2019 and is a Fundamental Equity Research Analyst covering several segments within the Healthcare industry including Pharmaceuticals, Managed Health Care, Life Sciences Tools & Services,  Health Care Distributors and Services.

Prior to joining CFRA, Sel worked in Equity and Fixed Income Research at Is Investment, the leading investment bank in Turkey. She analyzed stocks and corporate bonds traded on the Istanbul Stock Exchange. As an equity analyst she focused on stocks of Hospital Operators, Pharmaceuticals, Industrials, and Hospitality companies and initiated coverage on several new listings, some of which ranked among the top equity investments of the year. Sel started her career in Finance at Credit Agricole Group as an Analyst in the Corporate and Investment Banking division with a focus on M&A and Credit Analysis.

Sel holds a BA in Economics and Politics from Brandeis University. She also holds a MS in Finance from Cass Business School, City University London.

Garrett Nelson is a Senior Equity Research Analyst primarily responsible for coverage of the U.S. Automotive and Beverages industries. He covers the entire Auto supply chain from manufacturers such as Tesla, Ford, and GM to parts and equipment suppliers, retailers, dealerships, distributors, and tire manufacturers. Garrett also follows the Beverage and Tobacco industries, including companies such as Coca-Cola, PepsiCo, Molson Coors, Constellation Brands, Altria, and Philip Morris. Finally, he follows a handful of large-cap retailers such as Walmart, Target, and Costco.

Garrett has been with CFRA since July 2018. Prior to joining CFRA, Garrett spent over a decade as a sell-side equity research analyst. He was a Senior Equity Research Analyst at BB&T Capital Markets, where he covered the Metals & Mining industry. Prior to that, Garrett was at an Equity Research Analyst at Davenport & Company LLC where he followed the energy sector, including utilities, oil & gas and coal companies. Prior to that, he worked as a proprietary equity trader for three years.

Garrett holds a B.A. Economics and History from the University of Virginia. He has also passed the FINRA Series 7, 55, 66, 86 & 87 exams

Colin Scarola is a Vice President of equity research at CFRA. His responsibilities include fundamental research and recommending investments within the Industrials sector, with emphasis on the aerospace & defense, airlines, logistics, and transportation industries.

Before joining CFRA in 2018, Colin spent three years in real estate private equity investing with Pennybacker Capital in Austin, Texas. This was following Colin’s initial transition into the investment field after four years as a mechanical engineer within the aerospace and building automation industries.

Colin is a CFA charter holder and has an undergraduate degree from the University of Notre Dame, earning a Bachelor of Science in Mechanical Engineering, cum laude. He also holds a Master of Science in Finance from The University of Texas at Austin, where he graduated at the top of his class.

“The best part of my job is the research that I put out. Not only does it identify new investment opportunities but it also showcases CFRA's independent research.”
What makes CFRA special?
CFRA truly lives by its principles of clients first, integrity, courage, and excellence. This enables all analysts to focus on what they like doing the most: detailed and independent research with a supportive management team and colleagues who offer a lot to learn from.
What’s your favorite aspect of your job?
The detective work behind understanding and identifying new investment opportunities.
Can you describe your typical day at CFRA?
Each day brings varied and exciting challenges, including developments in companies that I research, client queries on particular stocks or sectors, collaborating with analysts in our various offices, or partnering with our sales team and generating insight that our clients can act on.

“Our collectiveness as a team is empowering and allows us to achieve our goal of helping investors navigate this volatile market.”
What makes CFRA special?
It's so unusual to find a company that is practically a household name, yet has such ambition and desire to grow. At CFRA, we do just that. Everyone is pulling hard towards the same goal, while continuously executing with the highest of standards. And this while being such an integral part of our clients ’day to day. Whether we’re helping institutional investors navigate ever more complex markets, professional investors preparing for retirement, or retail investors to set their kids up for college, CFRA is there.
What’s your favorite aspect of your job?
The variety; in product management, no two days are ever the same, and that keeps the job fresh and exciting. One minute you’re working with our highly motivated and dedicated sales team to help bring a new customer on board, the next you’re researching the absolute latest technologies, to see how we can leverage them to solve our clients’ problems. Couple that with strong leadership, inspiring colleagues, and fascinating clients; what’s not to like!
Can you describe your typical day at CFRA?
In a word? Crazy! I’ll start off by checking in with our stellar engineering teams, to make sure they’re happy with what they’re working on and I’ve given them enough direction - often not the case! Then it’s time to help sales and account managers with anything they’re working on, while also helping them get up to speed with the new features we’ve built. The rest of the day is spent working with different internal teams on special projects that we have for that quarter, and planning out what we have to do in the quarters ahead. Though of course things never go to plan!

“The culture of excellence at CFRA makes you own your content and that allows me to produce the best content every time.”
What makes CFRA special?
The culture of excellence and the work flexibility offered at CFRA are far superior to my past experiences. This creates an environment that makes you want to get up and get things done.
What’s your favorite aspect of your job?
I enjoy enhancing the quality of work done by our analysts through my editorial expertise as well as creating new content that adds value to our clients.
Can you describe your typical day at CFRA?
Most days involve rigorous scrutiny of the quality of our research before publication.

“CFRA has a challenging yet rewarding culture, and the company is continually innovating its solutions and services to provide clients with the tools and content to make informed investment decisions.”
What makes CFRA special?
CFRA has a strong and supportive culture, and the work is always challenging, rewarding, and motivates you to grow. It is satisfying to see how across every department and team, our colleagues take pride in their work and in serving our clients' needs.
What’s your favorite aspect of your job?
I enjoy collaborating across our research, sales, and account management teams to develop marketing programs that resonate. I am honored to be part of this working environment that supports employees and rewards excellence, integrity, and mutual respect.
Can you describe your typical day at CFRA?
Each day is different, but every day includes a combination of interactive discussions, idea-sharing, and learning. Our marketing strategies and programs can range from events, campaigns, and communications to digital marketing and more - which provides for a lot of diversity in who I get to work with and how I spend my time.

“I love the ability to collaborate with my colleagues and the ability to express myself in my research.”
What makes CFRA special?
What makes CFRA special is our ability to pursue research without any banking or trading conflicts. It's very liberating.
What’s your favorite aspect of your job?
I love to write. The best part of my job at CFRA is the freedom I have to express myself. We are also a very collaborative firm and that is also a fantastic element of my job here.
Can you describe your typical day at CFRA?
Every day is different- which is a good thing! But I usually start my day checking the futures ’market to get a sense of how the New York markets will open. Then I check my coverage portfolio for market moving names and new investment ideas. As a publishing analyst I am typically working on a piece of company, industry, or thematic research or mining data for new investment ideas and thematic research.

“I enjoy the freedom to provide independent research and provide my findings and conclusions without being influenced by other voices. ”
What makes CFRA special?
The ability to provide unique, independent and actionable research across our forensic accounting, legal edge and equity research analyst teams is what truly differentiates our firm from all others. Providing views through all three lenses allows for differentiated idea generation while also offering diagnostic industry and company monitoring for risk assessment, which is unmatched in our industry.
What’s your favorite aspect of your job?
The freedom to provide independent research and provide my findings and conclusions without being influenced by other voices. Working with a great analytical team where insights can be cross-pollinated is also something I thoroughly enjoy and find as a major competitive advantage.
Can you describe your typical day at CFRA?
A typical day involves doing analysis on my underlying coverage universe (an equity analyst covers on average 40-50 companies) by staying abreast on key trends, attending / listening to company events / conferences and maintaining models. Significant time is then spent on providing that research insight obtained to our consumers in a well-thought-out manner via our instant reaction research notes as well as in-depth company stock reports. The remainder of my time is spent engaging with clients, often done with presentations, by phone or person.

Michael Dowd is head of global account management at CFRA. He is responsible for leading a global team of dedicated account managers to deliver best-in-class service for CFRA clients, developing the go-to-market strategy for client accounts, and driving user adoption of CFRA research.

Prior to joining CFRA, Mike served as the Director of Client Services and a member of the Senior Management Team at SNL Financial before the firm was acquired by McGraw-Hill in 2015. Following the acquisition, he built a Global Renewal Operations Team at S&P Global to facilitate a shift to avalue-based commercial pricing model, and led successful Relationship Management Teams in the non-financial Corporate client segment.

Mike holds aBachelor of Science, Business Administration from the University of Vermont, and a Master of Business Administration from Union College, with a concentration in Finance and International Business.

Ken Leon is Director of Equity Research at CFRA, responsible for analytical research as well as client servicing. As a subject matter expert, his research industries include Diversified Banks and the Housing Market, with coverage of Homebuilding, Home Improvement Retail, Home Furnishings and Real Estate Investment Trusts (REITs).
Ken is a thought leader that provides ongoing in-depth research and communications to key customer segments. He is active with most media networks and leading print media, and is sought for his investment views on the large banks and housing market trends.
Ken previously held the position of Global Director of Research and Industry Analyst for S&P Global Market Intelligence. Prior to joining CFRA, Ken spent over two decades in equity research with research leadership responsibilities at ABN Amro, Bear Stearns, and Lehman Brothers. He was a three-time Institutional Investor All-Star for his coverage of Wireless Telecommunications Services.
Ken holds both a Bachelor of Science degree and an MBA from New York University. He was also licensed in the State of New Jersey as a Certified Public Accountant.

Kevin Huang is an equity research analyst and is primarily responsible for providing analytical coverage of several industries within health care, which includes biotechnology, medical devices, health care providers and services, and health care technology. His role involves keeping up-to-date with health care policy and regulation, industry trends, and technological advancements.

Prior to joining CFRA in 2016, Kevin worked at PricewaterhouseCoopers as a senior associate in Risk Assurance.

Kevin holds a BSBA in Finance and Accounting from the Olin Business School, Washington University in St. Louis, Missouri. He is also a CFA Charterholder.

Colin Scarola is a senior analyst at CFRA. His responsibilities include fundamentalresearch and recommending equity investments within the Health Care sector, with emphasis on the pharmaceutical supply chain, health plan providers, and the life sciences industry.

Before joining CFRA in 2018, Colin spent three years as an investment analyst in real estate private equity with Pennybacker Capital in Austin, Texas. He transitioned into the investment field following four years as a mechanical engineer within the building automation and aerospace industries.

Colin has completed the CFA curriculum and holds an undergraduate degree from the University of Notre Dame, earning a Bachelor of Science in Mechanical Engineering, cum laude. He also holds a Master of Science in Finance from The University of Texas at Austin, where he graduated at the top of his class.

Chris Kuiper is a senior equity analyst at CFRA, conducting fundamental analysis and valuation assessments within the Consumer Finance, Capital Markets, and REITs areas.

Prior to joining CFRA in 2017, Chris worked as an analyst for a large-cap value fund. Chris also worked as a fundamental analyst for Calamos Investments, and a credit analyst for TCF Bank. He also previously worked as a research fellow for the Mercatus Center, a research center at George Mason University, where he wrote and published on public policy issues.

Chris holds a bachelor’s degree from Dordt College and a master’s degree in economics from George Mason University. Chris Kuiper holds the Chartered Financial Analyst designation.

Stewart Glickman is head of the Energy sector team and senior equity analyst at CFRA. He is responsible for analytical coverage of the Energy sector across the value chain. Stewart has held the positions of Sector Head of the Energy and Materials teams and Industry Analyst for S&P Global Market Intelligence.

Prior to joining S&P Global, Stewart worked in strategic consulting with Monitor Company and in economic consulting with Law and Economics Consulting Group and National Economic Research Associates, Inc.

Stewart holds a Bachelor of Arts degree in Economics from the University of Western Ontario, a Master of Arts degree in Economics from the University of Victoria, and an MBA in Finance and Accounting from the Stern School of Business at New York University. Stewart is a CFA charterholder.

Paige Meyer is an equity research analyst at CFRA. She is responsible for providing differentiated and actionable research and recommendations on equities in the Energy and Utility sectors. Paige’s areas of focus include: exploration and production, energy equipment and services, drilling, midstream, and gas utilities. She also authors two top-down industry primers: Energy Equipment & Services, and Gas Utilities.

Prior to joining CFRA in 2017, Paige gained her broad experience in the integrated oil and gas industry, working for Royal Dutch Shell. She had the opportunity to work across multiple business lines, including the upstream (onshore natural gas production), downstream (refinery), and global trading businesses.

Paige also has experience in consulting, focusing on credit risk.Paige holds a Bachelor of Business Administration degree from University of Michigan’s Ross School of Business.

Tim is a forensic equity analyst, covering Asia-Pacific compannies. Tim is responsible for helping CFRA’s clients better understand underappreciated differences between financial results and underlying economic reality. Tim joined CFRA as a member CFRA’s bespoke research team, and after spending a little over a year with this team, he transitioned to CFRA’s proactive idea generation team.

Prior to joining CFRA in 2017, Tim spent four years at KPMG in their Deal Advisory and Audit practices. Tim holds a master’s degree in Accounting and a B.S. in Business from Ohio State University. He is also a CFA and a licensed CPA.

Brendan McAuley is head of global wealth management sales. He leads a global team of senior salespeople tasked with establishing and growing relationships with key Registered Investment Advisory and Wealth Management firms, Banks and Broker/Dealers.
Brendan joined CFRA in 2015 and previously lead the CFRA’s Institutional Account Management team in the US, and continues to manage some of the firm’s largest relationships. Prior to CFRA, Brendan was a Director of Institutional Research Sales at Oppenheimer & Company and an Institutional Relationship Manager at Dreyfus Funds.
Brendan holds his MBA from University of North Carolina Chapel Hill and his BA in from Sacred Heart University.
Lili Mehta is head of global marketing at CFRA, responsible for developing and executing strategies to build the company's brand, generate leads, identify opportunities to reach new market segments, and expand market share. Prior to joining CFRA in 2018, Lili served as Executive Director Of Marketing at Institutional Shareholder Services Inc. (ISS) where she designed and implemented marketing strategies and programs to increase market penetration across institutional investor market segments globally. Prior to serving in that role, Lili served as an independent marketing consultant for several large and high-profile B2B organizations, providing product and strategic marketing services under long term consulting engagements.
Lili graduated from Virginia Tech with a Bachelor of Science and holds an MBA from George Washington University.
Beth Piskora heads editorial operations for CFRA. She serves as the editorial director for CFRA’s MarketScope Advisor website, as well as CFRA publications like The Outlook (an investment-oriented website and weekly newsletter) and Industry Surveys (extensive reports on several dozen industries). Beth and the Editorial team review and vet all equity analyst-written content to ensure high-quality standards. In addition, Beth works closely with colleagues in Research, Technology, Sales & Marketing and Finance to brainstorm new content initiatives and bring them to fruition.
Earlier in her career, Beth was an award-winning business reporter/investing columnist for the New York Post, the oldest daily newspaper in the U.S. Beth started her editorial career as a reporter for the American Banker, a daily trade newspaper.
Beth holds a B.A. in Communications from The Pennsylvania State University.
Ishtmeet is the Vice President of Engineering at CFRA where he defines technology strategy and leads the application and infrastructure teams to build cutting edge tools for CFRA’s analysts.
Prior to joining CFRA in 2019, Ishtmeet has worked in various companies like Amazon, Capital One and Fannie Mae as Senior Technology executive. In his prior role as Vice President of Software Engineering at Gannett Co Inc, he led the digital content technology group. In this role he had overall responsibility for defining technology strategy and executing business alignment by delivering software solutions. This including an in-house SAAS content management solutions used by 100+ Gannett Newspapers across the nation. In addition to his prior company experiences, Ishtmeet also served as Captain in the Indian Army for six years.
Ishtmeet graduated from MGM College of Engineering in Nanded, India with BE in Computer Sciences and holds an MBA in Finance from Stern School of Business, New York University.
Chris Schenkkan is the head of Finance at CFRA, were he leads the company’s global financial affairs including statutory financial audits, budgeting/forecasting, tax compliance, monthly accounting closes, and accounts payable. Prior to joining CFRA in 2017, Chris was the Associate Director, Content Management at SNL Financial (now part of S&P Global) where he worked for twelve years to help the business scale to $250 million in revenues and over 3,000 employees.
Chris graduated from the University of Virginia with a BA in Economics and holds an MBA from the Darden School of Business, University of Virginia.
Will Suess is a senior quantitative analyst and head of the quantitative research for CFRA. Will joined CFRA in April 2018 after leading quantitative strategy for a Registered Investment Advisor and a Long-Short Equity Hedge Fund. Prior to that, Will served as a consultant to quantitative institutional investors to develop alpha and risk models. Will graduated from the University of Iowa with a B.B.A in Finance and Economics. Will is a CFA Charterholder.
Aniket Ullal is VP, ETF Data and Analytics for CFRA, one of the world’s largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired by CFRA in August 2019. Prior to starting First Bridge, he had product management responsibility for S&P’s US indices, including the widely followed S&P 500 and S&P/Case-Shiller indices. These indices have over $1Trillion in ETF assets tracking them. Aniket is the author of 'ETF Investment Strategies' (McGraw-Hill; 2013). He is a graduate of Northwestern's Kellogg School of Management and the Indian Institute of Management in Ahmedabad.
Jill Lehman is the Interim Head of the Forensic Research team and Head of
Healthcare Research for CFRA.
Previously, Jill was an equity analyst at Merrill Lynch where she was named
a "Best on the Street Analyst" in the annual Wall Street Journal survey. She
was also the Chief Financial Officer at Impole Corporation, responsible for
finance, information technology, human resources, and business process
departments.
Jill earned her Master’s degree in Business Administration-Finance from
Columbia University and her Bachelors in Business Administration-Accounting
from Franklin and Marshall College. She is a CPA.
David Ibbeken is CFRA’s General Counsel overseeing the company’s legal, regulatory and compliance matters.
David joined CFRA in 2016 having previously served as Assistant General Counsel for S&P Global Market Intelligence, and as Senior Counsel for SNL Financial immediately prior thereto, where he handled a wide variety of legal matters.
David graduated from the University of Virginia with a BA in Economics and holds a JD from the University of Virginia School of Law.

Giles Flower is head of global institutional sales, where he is responsible for the having the right team in place to reach our new business targets. This includes managing sales teams in North America, Europe and Asia, and ensuring they have strong pipelines to reach targets. In addition, Giles is responsible for managing his own sales territory in EMEA.
Prior to joining CFRA in 2011, Giles worked for 10 years on the sell side at Collins Stewart (now Canaccord Genuity) in sales and analyst roles within their Quest team.
Giles holds a Bachelors of Arts (Hons) degree from Kingston University, London.

Sam Stovall is Chief Investment Strategist of U.S. Equity Strategy at CFRA. He serves as analyst, publisher and communicator of CFRA’s outlooks for the economy, market, and sectors. Sam is the Chairman of the CFRA Investment Policy Committee, where he focuses on market history and valuations, as well as industry momentum strategies. He is the author of The Standard & Poor’s Guide to Sector Investing and The Seven Rules of Wall Street. In addition, Sam writes a weekly investment piece, featured on CFRA’s MarketScope Advisor platform and his work is also found in the flagship weekly newsletter The Outlook.

Prior to joining S&P Global in 1989 and CFRA in 2016, Sam served as Editor In Chief at Argus Research, an independent investment research firm in New York City.

He holds an MBA in Finance from New York University and a B.A. in History/Education from Muhlenberg College, in Allentown, PA. He is a CFP® certificant and is a Trustee of the Securities Industry Institute®, the executive development program held annually at The Wharton School of The University of Pennsylvania.

Follow Sam on Twitter: @StovallCFRA

Lindsey Bell is an Investment Strategist at CFRA. Along with the Chief Investment Officer, she determines CFRA’s asset class allocation and equity sector level recommendations. She participates in projecting the firm’s 12-month S&P 500 price target. Her market observations and sector opinions are expressed in regular writings on CFRA’s MarketScope Advisor (MSA) platform. She oversees CFRA’s portfolio management committee which manages five portfolios of stocks. Finally, she also assists in authoring monthly European and Asian Investment Policy Committee (IPC) notes, also available on MSA. She is a frequent guest on FoxBusiness, CNBC, Bloomberg and Yahoo! Finance, etc.

Prior to joining CFRA, Lindsey worked as an Investment Strategist with S&P Global within the Investment Advisory Services division. She worked in several different capacities at TheStreet.com before that, from helping to manage Jim Cramer’s small and mid-cap Charitable Trusts, to leading trader blog conversations and writing research. She learned the ropes as an equity research analyst at J.P Morgan and Deutsche Bank covering retail companies, and began her career in investment banking with Jefferies & Company’s Mergers & Acquisition group.

Follow Lindsey on Twitter: @LBellCFRA

Tuna is Director & Industry Analyst at CFRA. He is responsible for general oversight of the firm’s Consumer sector strategy and recommendations by a team of equity analysts, for hundreds of securities. He covers companies in the Internet Retail universe such as Amazon and Netflix, as well as media companies such as CBS, Comcast and Disney. Tuna previously held a similar position at S&P Global Market Intelligence where he led a core team that created and implemented a proprietary S&P Core Earnings® framework, also serving on the firm’s Analytical Policy Board. He currently authors a biannual industry survey called “Media”.

Prior to joining CFRA and S&P Global, Tuna was a Senior Equity Analyst at Lehman Brothers, New York. He participated in key decisions by the firm’s Investment Policy Committee and was highly instrumental in managing a multi-capitalization equity portfolio, with primary focus on the Technology, Media and Telecom (TMT) sectors. Tuna also gained extensive global consulting experience in his previous roles at Arthur Andersen and KPMG.

Tuna earned an MBA in Finance from the Strathclyde University Business School in Scotland, U.K. He also holds a B.Sc. in Accounting from University of Nigeria as well as LL.B. (JD). Tuna is a CFA charterholder and a Certified Public Accountant (CPA).

Peter is the CEO at CFRA where he is responsible for the global strategic leadership of the firm. Peter acquired CFRA in March 2013. Previously he was Executive Managing Director at S&P Global. Prior to this role, Peter was Executive Director at Morgan Stanley and Vice President at JPMorgan where he helped develop leading Financial Technology investment banking practices. In addition, Peter was Vice President with LabMorgan, a JPMorgan venture capital division investing in financial information and technology companies. Peter graduated from Union College with a BA in Economics and holds an MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania.

Theresa is the CFO & COO at CFRA, leading the company’s global financial and operational affairs. Theresa was most recently the Senior Director of Finance, Corporate Controller for SNL Financial (now part of S&P Global) where she worked for approximately ten years in helping the business to scale to $250 million in revenues and over 3,000 employees. Prior to SNL Financial, she was Director of Business Management with LexisNexis and a Consulting Manager with Grant Thornton LLP. Theresa graduated from the University of Virginia with a BA in Mathematics and holds an MBA from the Raymond A. Mason School of Business, William & Mary.

Dan is the Chief Revenue Officer of CFRA where he oversees the company's global sales and marketing efforts. He has over 20 years of experience in sales management, team building and partner development including roles as the Executive Vice President of Sales and Marketing at WealthEngine and CEO of GMI Ratings, an independent provider of global corporate governance, forensic accounting and ESG ratings and research. As CEO, Dan led the company to a successful exit for shareholders through a sale to strategic acquirer, MSCI, Inc. He also served as Executive Vice President of Sales & Marketing for Institutional Shareholder Services (ISS) where he helped significantly increase revenues and actively participated in the sale to RiskMetrics Group (now part of MSCI, Inc.). Dan graduated from the University of Maryland and holds an MBA from Baruch College.

Zach is President at CFRA, overseeing the firm's intellectual property and client activities including research, analytics, data, client coverage, and marketing. He previously served as Global Head of Research at the company from 2015-2019 as well as Head of the Financial Institutions Research team. Prior to returning to CFRA in 2013, Zach was with Paulson & Co. and Paulson Europe where he covered financial institutions globally. He has worked in microfinance internationally and testified before the U.S. House and Senate on small business lending and development. Zach graduated from Brown University with BAs in Political Science and Italian Studies and holds an MBA from the McDonough School of Business at Georgetown University. He is a CFA charterholder.

Eram is the CTO and Chief Product officer at CFRA where he defines product strategy and leads technology innovation leveraging his 15 years of experience delivering commercially profitable client-centered solutions. Prior to joining CFRA, Eram was Senior Director of Commercial Solutions at Fitch Solutions for buy and sell-side markets. As Global Head of Desktop Product Development, he developed the strategy and launched the flagship Fitch Connect Web and Excel platform that accounted for over $100M of revenue targeting counterparty credit and credit markets. Prior to Fitch, Eram held product development roles at S&P Global and other information services firms. Eram graduated from Washington University in Saint Louis with a BS in Marketing & Strategy and holds an MA in Cognitive Science from Teacher’s College, Columbia University.

Todd Rosenbluth is Senior Director of ETF and Mutual Fund Research at CFRA where he leads the firm’s holdings-based research efforts within the Equity Research and Fund group. Todd publishes regular thought leadership content on equity and fixed income products, maintains the quantitative fund models and supports client needs. He also serves as a member of Portfolio Strategy Committee and the Investment Policy Committee. Todd also held the position of Senior Director of ETF and Mutual Fund Research for S&P Global Market Intelligence.

Prior to joining CFRA, Todd previously served in other financial positions at S&P Global, such as International Mutual Fund Sector Specialist, Large Cap Value and Large Cap Growth Analyst and has served on the Fund Services Asset Allocation Committee. Prior to joining S&P Global in 2001, Todd was managing editor of Value Line Mutual Fund Survey and Senior Large Cap and Small Cap Value Mutual Fund Analyst. He was also a Financial Advisor with Morgan Stanley.

Todd holds a B.G.S in Finance from the University of Michigan and an MBA in Finance from New York University.

Follow Todd on Twitter at: @ToddCFRA

Mike Down is Head of Global Account Management at CFRA. He is responsible for leading a global team of dedicated account managers to deliver best-in-class service for CFRA clients, developing the go-to-market strategy for client accounts, and driving user adoption of CFRA research.

Prior to joining CFRA, Mike served as the Director of Client Services and a member of the Senior Management Team at SNL Financial before the firm was acquired by McGraw-Hill in 2015. Following the acquisition, he built a Global Renewal Operations Team at S&P Global to facilitate a shift to avalue-based commercial pricing model, and led successful Relationship Management Teams in the non-financial Corporate client segment.

Mike holds aBachelor of Science, Business Administration from the University of Vermont, and a Master of Business Administration from Union College, with a concentration in Finance and International Business.

Matthew is Vice President of Equity Research at CFRA. He is responsible for providing differentiated and actionable research and recommendations on equities in the Materials and Industrials sectors. Matthew’s areas of focus include: metals & mining, construction materials, containers & packaging, and building products. Matthew previously held the position of Industry/Equity Analyst at S&P Global Market Intelligence.

Matthew joined CFRA in 2016 and S&P Global in 2014, after working on the buy-side as an Equity Analyst at London Capital Management in London, Canada, where he covered North American stocks in the Energy and Consumer Staples sectors. Prior to joining the equity research industry, Matthew worked as a Financial Analyst for companies in both the retail and fitness areas.

Matthew holds his Bachelor of Business Administration degree from Colorado State University and his MBA from Concordia University in Montreal, Canada. He is also a CFA charterholder.

John is Vice President of Equity Research. He joined CFRA in April 2019. He is responsible for fundamental equity research and analysis covering several segments within the Information Technology and Communication Services sectors, including enterprise software and SaaS/cloud providers, Internet advertising/social media platforms, and game developers.

Prior to joining CFRA, John co-founded Samadhi Capital Partners, an investment advisor and equity research firm where he developed an investment process and framework targeted at tech sector equities, with a particular emphasis on gauging the impact of and identifying the long-term winners from artificial intelligence, machine learning, deep learning, neural networks, and related developments categorized under the larger “cognification of software” mega-trend. Before his entrepreneurial stint, he served as Senior Analyst and Portfolio Manager at Sands Capital Management, responsible for the firm’s investments within the tech sector.

John began his career in equity research with an independent equity research firm, Precursor, where he was ranked as the top analyst covering network equipment stocks among independent research firms. He also spent the first dozen years of his career in various roles within the tech industry. During this time, he published dozens of white papers and research reports on topics ranging from network processors, Virtual LAN (VLAN) technology, and the historical evolution of enterprise application architecture.

John graduated from Harvard University with a BA in East Asian Studies.

David is CFRA’s General Counsel overseeing the company’s legal, regulatory and compliance matters. David served previously as Assistant General Counsel for S&P Global Market Intelligence, and as Senior Counsel for SNL Financial immediately prior thereto, where he handled a wide variety of legal matters. David graduated from the University of Virginia with a BA in Economics and holds a JD from the University of Virginia School of Law.

Heather is the Global Head of Talent, driving Talent strategy and related matters across the globe. Heather was most recently the Senior Director of Human Resources at SNL Financial (now part of S&P Global) where she worked for approximately 19 years helping the business scale to $250 million in revenue and over 3,000 employees. Prior to filling the HR role at SNL, Heather worked as the Director of SNL’s Content Operations. Heather graduated from Mary Baldwin College with a BA in Business Administration.

“At CFRA, there’s an infectious intellectual
curiosity that permeates the
corporate culture.”

What makes CFRA special?
CFRA has the best corporate culture I’ve experienced in my long career, and it cascades down from the CEO to all employees. There’s a pride and a tireless purpose to be the best, but never at the expense of integrity.

What’s your favorite aspect of your job?
My favorite part of my job is heading analyst training. We host several training sessions each quarter on exciting topics like effective research writing, statistical analysis, valuation, and complex forensic accounting. And while we bring in external resources when needed, we have so many highly accomplished professionals and academics working at CFRA that enjoy cross-pollinating skills to other employees.

Can you describe your typical day at CFRA?
That’s a tough question. I think one of the reasons I’ve been working as a research analyst for nearly 20 years is that every day is different.

“What makes CFRA unique is the delicate balance of skepticism, curiosity and conviction that we experience throughout the company.”

What makes CFRA special?
The diversity of views (both long and short) across the company, which drives prudent decisions free of bias. A rarity in our business.

What’s your favorite aspect of your job?
That the delicate balance of skepticism, curiosity and conviction can often be rewarded if correctly executed.

Can you describe your typical day at CFRA?
What makes your days at CFRA different than other jobs you have had?
At CFRA, your opinions and suggestions go further, which was something I had not experienced when working at larger corporations.