- Ensure an out-of-consensus critical factor and catalyst have been accurately identified and thoroughly researched before making a stock call.
- Make more accurate stock recommendations by identifying the ideal entry point and avoiding the most common mind traps.
Master the Stock Call Techniques of Highly Experienced Analysts
Workshop
4 hours
4 hours
Availability
CFA CE Credits
4.0
4.0
The Problem
Many analysts, especially those early in their career, make the mistake of assuming stock picking is primarily about creating a detailed financial model and conducting a thorough valuation. While these are critical, there are many other key elements to making great stock calls, which are more difficult to master and often underappreciated. Mastery requires creating a forecast more accurate than consensus, selecting an optimal valuation multiple, setting a realistic price target, identifying a catalyst, ensuring the ideal entry point and objectively reviewing your performance and thesis.
The Solution
Less experienced analysts can increase their odds of generating alpha by understanding the behind-the-scenes methods employed by successful analysts. Successful stock picking is unquestionably the most important element of a buy-side analyst’s job, as well as one of the key elements for sell-side analysts, and yet until now, formal training in this area has been scarce. As discussed in the best-selling book Best Practices for Equity Research Analysts, interviews with successful buy-side and sell-side analysts reveal they follow a process before upgrading or downgrading a stock. Through its TIER™ system, AnalystSolutions has deconstructed their “art” to provide analysts the “science” behind making high quality stock calls. While there’s no foolproof method to ensure every stock call generates alpha, there are lessons to be learned that will increase an analyst’s odds for success.
This Workshop Will Empower You To…
- Assess if enough research has been conducted to justify a stock call
- Identify the key challenges to successful stock picking and apply lessons from experienced stock pickers
- Make accurate stock recommendations by mastering these steps:
- Identifying the catalyst most likely to move a stock
- Identifying the ideal entry point for recommending a stock
- Reviewing stock picking performance to improve future stock picking
- Ensure stock calls are differentiated
- Avoid the most common mind traps (e.g. sunk cost fallacy, loss-aversion) and biases (such as familiarity, recency, confirmation, self-attribution momentum and overreaction)
- Review a universe of stocks in an unbiased manner to ensure those being recommended offer the best return compared to their level of risk
Get FREE Sample
Free Sample Module and Materials From This Workshop
James J. Valentine, CFA
About the Workshop Author and Facilitator
James Valentine, CFA, is the author of the top-selling book Best Practices for Equity Research Analysts and founder of AnalystSolutions. He began his career as an equity research analyst, where the major North American investor polls ranked him among the top three in his sector for ten consecutive years, and Forbes identified him as one of the top three among all 2,000 U.S. sell-side analysts. Between the time as an analyst and founding AnalystSolutions, he held the role of Director of Training for Morgan Stanley’s Global Research department where he implemented a new global training program for 500 analysts and associates. His passion is to help analysts improve performance which he does by conducting presentations and workshops for internationally-recognized conferences, buy-side and sell-side firms, CFA Societies and universities with top finance programs.
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AnalystSolutions respects your privacy and will never share your information with others. You can remove yourself from any distribution with one click.
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Evalulate our tools for free
We offer free full versions of our content for evaluation purposes (valued at over $700) to professionals holding the following roles:
- Manager of buy-side or sell-side analysts (DOR or PM)
- CFA Society leader responsible for programming
- Professor teaching students pursuing careers in equity research
You will receive:
- Free GAMMA PI™ assessment
- Free access to our presentation "Are You a Great Analyst?"
- Free full workshop (not "Preview" version), including all materials (Learner Workbook, Slides and Quick Reference Cards)
- Sample chapter of Best Practices for Equity Research Analysts
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Try 2 of the 15 GAMMA PI™ Modules for Free
You will be directed to the FREE SAMPLE EDITION of our GAMMA PI™ Equity Research Analyst Self-Assessment. Please provide a valid email address to receive your results (your email address remains confidential within AnalystSolutions).