MARKETS, STOCKS

Sam Stovall

Chief Investment Strategist,

CFRA Research

  • Author of The Seven Rules of Wall Street
  • Winner of the Money Show’s 2008 Stock Picker’s Award
  • Creator of the Pacer-CFRA Seasonal Rotation ETF (SZNE)

About Sam

As chief investment strategist, Sam Stovall serves as analyst, publisher, and communicator of CFRA's outlooks for the economy, market, and sectors. He focuses on market history and valuations, as well as industry momentum strategies. Mr. Stovall is the author of The Seven Rules of Wall Street and writes weekly Sector Watch and Investment Policy Committee meeting notes on CFRA's MarketScope Advisor platform. His work is also found in CFRA's flagship weekly newsletter The Outlook.

Sam's Articles

The S&P Composite 1500 Index surged 7.7% in July, accompanied by price gains for all component sizes, styles, and sectors, led by growth groups, while underperformers consisted of the defensive sectors, observes Sam Stovall, chief investment strategist at CFRA Research, in the firm's flagship newsletter, The Outlook.
Year-to-date (YTD) through 6/23/22, the S&P 500 posted the third worst first-half return since 1932, observes Sam Stovall, chief investment strategist for CFRA Research, in the firm's flagship newsletter, The Outlook.
The S&P 500’s first quarter 2022 EPS growth estimate continues to see upward revisions; as of April 28, 2022, S&P Capital IQ consensus estimates project Y/Y Q1 growth of 7.8%, versus the 4.9% forecast as of 3/31/22, observes Sam Stovall, chief investment strategist for CFRA Research in the firm's flagship newsletter, The Outlook.
The first quarter of 2022 has come to an end; as of March 31, 2022, S&P Capital IQ consensus estimates project S&P 500 Q1 EPS to have grown 5.1% on a year-over-year (Y/Y) basis, notes Sam Stovall, chief investment strategist for CFRA Research in the firm's flagship newsletter, The Outlook.

Sam's Videos

Global economic projections for 2022 continue to be revised lower for advanced and emerging economies, as well as Europe and the US, dragging Canada down with it. Canada's Real GDP is forecast to rise 3.7% this year, according to Action Economics, down from the 4.7% growth projected on 12/31/21. However, while the S&P 500 is down more than 18% year-to-date through May 19, the S&P/TSX Composite is off only 4.2%. In addition, despite paralleling the US economic undulations, the S&P/TSX 60's rolling five-year relative strength has finally begun to lift away from the minus-one standard deviation level that it has hugged since 2013. Should US investors sit up and take notice of our neighbors to the north? If so, where are the pockets of sector and stock opportunities? Sam Stovall, chief investment strategist of CFRA Research, and author of The Seven Rules of Wall Street, will discuss his Canadian sector rotation model and introduce investors to CFRA's stock reports on 58 Canadian-listed firms.

In 2022, President Biden will start his second year in office. The S&P 500 rose an average of only 2.6% during the second year of first-term presidents since WWII, versus 10.3% for all first-term years. Will Covid-19 continue to vex the global economy as the prospects of higher interest rates triggers P/E contraction? Come hear Sam Stovall, chief investment strategist of CFRA, discuss whether history will repeat and cause the S&P 500 to stumble or even collapse under the weight of rising inflation, interest rates, and P/Es, or whether the post-contagion bull has further to run.
History hints that due to a variety of milestones set earlier in the year - including the number of new all-time highs through February, the Q1 2021 low not eclipsing the December 2020 low, and a top-20 first half return for the S&P 500 Q4 2021 will likely record a higher-than–average full year return. Indeed, the S&P 500 typically saves the best for last. Whether looking at all years since 1945, or just first–year of the 16–quarter presidential cycle, the S&P 500 recorded its highest average price change in Q4, as well as its highest frequency of price gains. However, investors will need to hang on tight during the typically tumultuous ride in October, which saw 36% higher volatility when compared with the average for the other 11 months. Sam Stovall, Chief Investment Strategist at CFRA Research will discuss his outlook for the remainder of 2021 and his preliminary prognosis for 2022.
Year-to-date, through April 30, 2021, the S&P Equal Weight 500 jumped 16.2%, recording the third-strongest four-month start to any year since 1990 (when the index was first introduced). How has such a strong start to the year translated to the market's subsequent performance? History says (but does not guarantee), that such early strength is typically followed by a volatile performance through September, before resuming its above-average advance during the remaining three months of the year. Will the same hold true for 2021? Sam Stovall, chief investment strategist at CFRA, will discuss this and other favorable indicators and share his market and sector outlooks the rest of this year.



Sam's Books

Sam Stovall

Seven Rules of Wall Street Crash-Tested Investment Strategies That Beat the Market by Stovall, Sam

Crash Tested Investment Strategies that Beat the Market from Sam Stovall, Chief Investment Strategist - Standard & Poor's Equity Research
Sam Stovall

Standard & Poor's Sector Investing: How to Buy The Right Stock in The Right Industry at The Right Time

Discusses the opportunities, merits, and methods of investing in "sectors," or industry groups with similar fundamental characteristics.
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