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 debt ceiling agreement was approved, despite high-decibel dissentions. With this debate now sidelined until 2025, investors can redirect their attention to the upcoming June 13-14 FOMC meeting, notes Sam Stovall, chief investment strategist at CFRA Research.
We think that the Federal Reserve is now in its “pause period,” which has traditionally been favorable for equity prices. Indeed, since 1989, the S&P 500 gained an average of 13% between the last rate hike and the first rate cut, gaining in price in five of six periods, opines Sam Stovall, chief investment strategist of CFRA Research.
During the final week of April, many investors and members of the financial media were asking if it was prudent to heed the old Wall Street adage to “sell in May and go away.” The better option may be “Rotate, don’t retreat,” opines Sam Stovall, chief investment strategist of CFRA Research.
The Federal Open Market Committee (FOMC) just raised interest rates for the ninth time, pushing the Fed funds target range higher by 25 basis points to 4.75%- 5.00%. But confusion about the Federal Reserve’s future policy steps has left markets in limbo, writes Sam Stovall, chief investment strategist of CFRA Research in the firm’s flagship newsletter, The Outlook.

Sam's Videos

This is IT. Your 2023 Global Strategy Summit. Coming at the conclusion of our inaugural Accredited Investors Symposium, this session is not to be missed. You'll get the final word on what to do with investments in the stock, bond, currency, real estate, and commodity markets-and what unique opportunities in the accredited investor space will prosper best before you and your fellow conference attendees and speakers part ways.

History hints quite strongly that 2023 won't be a repeat of 2022, as the S&P typically posted an average price gain in excess of 14% in the years following declines, versus the more normal 8.9% annual increase, and posted a higher-than-average frequency of advance. In addition, a down year followed by a positive January Barometer typically led to a 23%+ price gain and a 92% frequency of advance. Will history repeat, or, like some singers of the National Anthem, forget the words? Sam Stovall, Chief Investment Strategist of CFRA Research, will offer his take on historical precedent and share his sector selections in what could be a surprisingly profitable year.

History warned investors that 2022 would likely slip into a meaningful decline early in the year, accompanied by elevated price volatility. It also cautioned that there were enough macro ingredients in play to threaten a recession. Encouragingly, history also says "This, too, shall pass" and that Q4 of 2022 and the first two quarters of 2023 typically experience the highest average S&P 500 price returns—along with dramatically reduced volatility—when compared with the entire 16-quarter presidential cycle. Sam Stovall, chief investment strategist of CFRA, discuss whether fundamental and technical outlooks suggest that history will indeed repeat, or if the market will be challenged once again.
Surging inflation. Rising recession risk. A shifting political landscape. Tighter monetary policy. Investors face plenty of challenges in this market. But volatility can also create unique opportunities. This panel will explore how you can help your clients avoid the former, while better capitalizing on the latter.

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.