Fundamental, Whitepaper

CFRA’s Top-Down Process and Outputs

Paul Beland, CFA, Head of Equity Research
04 April 2024


CFRA provides comprehensive fundamental equity research to help investors make informed decisions in the ever-evolving financial markets. In this whitepaper, we showcase our top-down approach and collaborative methodology to provide insights grounded in economic analysis, market strategy, and sector-specific expertise.

Our Approach

Top-Down Analysis

We start with a macroeconomic perspective, integrating historical data, economic indicators, and technical signals to develop a holistic view of the market landscape.

Sector Outlooks

Our experienced analysts conduct in-depth sector outlook meetings, leveraging diverse research disciplines to determine sector weightings and investment opportunities.

Sub-Industry Insights

We delve deeper into specific sub-industries, providing quarterly outlooks, industry surveys, and fundamental analysis to identify trends and value drivers.

Equity and ETF Ratings

From top equity picks to favorable ETF ratings, we offer actionable recommendations tailored to your investment goals and risk appetite.

Key Features

Market Outlooks

Stay ahead of market trends with our Chief Investment Strategist's weekly reports, offering asset allocation recommendations and analysis of market dynamics.

Industry Surveys

Explore over 50 in-depth industry primers, covering a wide range of sectors and providing insights into key trends and growth drivers.

Sector Ratings

Access our quarterly sector ratings to guide investment decisions, informed by our global research team's collaborative process.

STARS Rating

Benefit from our proprietary stock appreciation ranking system, guiding you with ratings ranging from Strong Buy to Strong Sell.

Want to learn more? Download the whitepaper.


Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

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The Importance of Sector Outlooks

The Importance of Sector Outlooks

CFRA has been providing and tracking actionable sector outlooks for nearly 30 years.
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