Carter Worth: Difference between revisions
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{{Infobox person |
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|name = Carter Braxton Worth |
|name = Carter Braxton Worth |
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Worth graduated from [[Boston University]] with a degree in International Relations. |
Worth graduated from [[Boston University]] with a degree in International Relations. |
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Worth began his career as a fundamental analyst at [[Value Line]].<ref name="nytimes" /> He began his work in [[technical analysis]] at [[Donaldson, Lufkin & Jenrette]] under the tutelage of Vincent Boening.<ref>{{cite web |url=http://www.urbandigs.com/2010/06/market_congestion.html |title=Archived copy |accessdate=2010-09-27 |deadurl=yes |archiveurl=https://web.archive.org/web/20100811001703/http://www.urbandigs.com/2010/06/market_congestion.html |archivedate=2010-08-11 |df= }}</ref> He joined [[Oppenheimer & Co.]] in 2005 and departed in early February 2014. As of April 2015 Carter is the Chief Market Technician at Cornerstone Macro <ref>http://old.cornerstonemacro.com/carter-worth/{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Carter appears regularly on CNBC. |
Worth began his career as a fundamental analyst at [[Value Line]].<ref name="nytimes" /> He began his work in [[technical analysis]] at [[Donaldson, Lufkin & Jenrette]] under the tutelage of Vincent Boening.<ref>{{cite web |url=http://www.urbandigs.com/2010/06/market_congestion.html |title=Archived copy |accessdate=2010-09-27 |deadurl=yes |archiveurl=https://web.archive.org/web/20100811001703/http://www.urbandigs.com/2010/06/market_congestion.html |archivedate=2010-08-11 |df= }}</ref> He joined [[Oppenheimer & Co.]] in 2005 and departed in early February 2014. As of April 2015 Carter is the Chief Market Technician at Cornerstone Macro <ref>http://old.cornerstonemacro.com/carter-worth/{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Carter appears regularly on [[CNBC]]. |
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==Market calls== |
==Market calls== |
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Worth rose to prominence with several well timed market calls the most noteworthy being one of the first analysts in print to call the beginning of the bear market on November 9, 2007.<ref>https://www.bloomberg.com/news/2010-08-10/s-p-500-direction-is-coin-toss-for-oppenheimer-s-technical-analyst-worth.html</ref> |
Worth rose to prominence with several well timed market calls the most noteworthy being one of the first analysts in print to call the beginning of the bear market on November 9, 2007.<ref>https://www.bloomberg.com/news/2010-08-10/s-p-500-direction-is-coin-toss-for-oppenheimer-s-technical-analyst-worth.html</ref> |
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As with all stock analysts, Worth does not have a perfect record of timing stock price moves. As an example, his March 19, 2018 market call on Oracle was incorrect. In a CNBC report published hours before the announcement, Worth says "I love it. I want to be long Oracle going into its earnings. The charts speak for themselves." However in after-hours trading following the announcement, Oracle's shares declined from 51.95 to 48.40, a drop of 6.83%. <ref>https://www.cnbc.com/2018/03/19/i-love-the-chart-of-oracle-heading-into-earnings-says-top-technician.html</ref> The stock declined further over the next month to close at $44.06, on June 29, 2018. It took until September 2018 for Oracle to recover its stock price losses and climb back above $51.00 per share. Of note, however, Oracle recently closed at $55.61, per share in April 26, 2019 -- up over 6.7% from Worth's initial $51.95, call. <ref>https://finance.yahoo.com/quote/ORCL/history.html</ref> |
As with all stock analysts, Worth does not have a perfect record of timing stock price moves. As an example, his March 19, 2018 market call on [[Oracle Corporation|Oracle]] was incorrect. In a CNBC report published hours before the announcement, Worth says "I love it. I want to be long Oracle going into its earnings. The charts speak for themselves." However in after-hours trading following the announcement, Oracle's shares declined from 51.95 to 48.40, a drop of 6.83%. <ref>https://www.cnbc.com/2018/03/19/i-love-the-chart-of-oracle-heading-into-earnings-says-top-technician.html</ref> The stock declined further over the next month to close at $44.06, on June 29, 2018. It took until September 2018 for Oracle to recover its stock price losses and climb back above $51.00 per share. Of note, however, Oracle recently closed at $55.61, per share in April 26, 2019 -- up over 6.7% from Worth's initial $51.95, call. <ref>https://finance.yahoo.com/quote/ORCL/history.html</ref> |
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By contrast, on March 9th, 2018, Worth made the case for trouble ahead for Facebook shares, citing poor price action relative to the market and to its peers.<ref>https://www.cnbc.com/video/2018/03/09/it-might-just-be-time-to-unfriend-facebook-technician.html</ref> At the time, FB was trading at $185.23/share. Soon after, the news of Facebook’s involvement in the Cambridge Analytical scandal surfaced, with shares plummeting to $159.39 by March 23, 2018. <ref>https://www.marketwatch.com/story/facebook-valuation-drops-75-billion-in-week-after-cambridge-analytica-scandal-2018-03-23</ref> |
By contrast, on March 9th, 2018, Worth made the case for trouble ahead for [[Facebook]] shares, citing poor price action relative to the market and to its peers.<ref>https://www.cnbc.com/video/2018/03/09/it-might-just-be-time-to-unfriend-facebook-technician.html</ref> At the time, FB was trading at $185.23/share. Soon after, the news of Facebook’s involvement in the [[Cambridge Analytical scandal]] surfaced, with shares plummeting to $159.39 by March 23, 2018. <ref>https://www.marketwatch.com/story/facebook-valuation-drops-75-billion-in-week-after-cambridge-analytica-scandal-2018-03-23</ref> |
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==References== |
==References== |
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Revision as of 11:17, 18 August 2019
§
Carter Braxton Worth | |
|---|---|
| Born | June 15, 1966 |
| Nationality | United States |
| Occupation | Financial analyst |
Carter Braxton Worth (born June 15, 1966) is an American financial analyst and stock market strategist. He is a seven-time member of institutional investor's All America Research Team. He was most recently voted #1 in the 2017 Institutional Investor vote, and has ranked in one of the top three positions in the past seven years. Carter is married to Andrée Jill Finkle (January 13, 2007).[1]
Worth's weekly market commentary "Money in Motion" is known for its utilization of the "150-day moving average".[2]
Early life and career
Worth graduated from Boston University with a degree in International Relations.
Worth began his career as a fundamental analyst at Value Line.[1] He began his work in technical analysis at Donaldson, Lufkin & Jenrette under the tutelage of Vincent Boening.[3] He joined Oppenheimer & Co. in 2005 and departed in early February 2014. As of April 2015 Carter is the Chief Market Technician at Cornerstone Macro [4] Carter appears regularly on CNBC.
Market calls
Worth rose to prominence with several well timed market calls the most noteworthy being one of the first analysts in print to call the beginning of the bear market on November 9, 2007.[5]
As with all stock analysts, Worth does not have a perfect record of timing stock price moves. As an example, his March 19, 2018 market call on Oracle was incorrect. In a CNBC report published hours before the announcement, Worth says "I love it. I want to be long Oracle going into its earnings. The charts speak for themselves." However in after-hours trading following the announcement, Oracle's shares declined from 51.95 to 48.40, a drop of 6.83%. [6] The stock declined further over the next month to close at $44.06, on June 29, 2018. It took until September 2018 for Oracle to recover its stock price losses and climb back above $51.00 per share. Of note, however, Oracle recently closed at $55.61, per share in April 26, 2019 -- up over 6.7% from Worth's initial $51.95, call. [7]
By contrast, on March 9th, 2018, Worth made the case for trouble ahead for Facebook shares, citing poor price action relative to the market and to its peers.[8] At the time, FB was trading at $185.23/share. Soon after, the news of Facebook’s involvement in the Cambridge Analytical scandal surfaced, with shares plummeting to $159.39 by March 23, 2018. [9]
References
- ^ a b https://www.nytimes.com/2007/01/14/fashion/weddings/14finkle.html
- ^ https://www.cnbc.com/id/41157529
- ^ "Archived copy". Archived from the original on 2010-08-11. Retrieved 2010-09-27.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help)CS1 maint: archived copy as title (link) - ^ http://old.cornerstonemacro.com/carter-worth/[permanent dead link]
- ^ https://www.bloomberg.com/news/2010-08-10/s-p-500-direction-is-coin-toss-for-oppenheimer-s-technical-analyst-worth.html
- ^ https://www.cnbc.com/2018/03/19/i-love-the-chart-of-oracle-heading-into-earnings-says-top-technician.html
- ^ https://finance.yahoo.com/quote/ORCL/history.html
- ^ https://www.cnbc.com/video/2018/03/09/it-might-just-be-time-to-unfriend-facebook-technician.html
- ^ https://www.marketwatch.com/story/facebook-valuation-drops-75-billion-in-week-after-cambridge-analytica-scandal-2018-03-23