Carter Worth

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]

Carter Braxton Worth
Born (1966-06-15) June 15, 1966
Manhattan, New York
NationalityUnited States
OccupationFinancial analyst

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 on April 26, 2019—up over 6.7% from Worth's initial $51.95, call.[7]

By contrast, on March 9, 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]

gollark: It is!
gollark: Macron is the future. Macron is all. Macron is inescapable.
gollark: Everything.
gollark: ++choose "lyricly finish macron" "lyricly unfinish macron"
gollark: He tried to offload macron onto firecubez, but that's nonexistent.

References
  1. https://www.nytimes.com/2007/01/14/fashion/weddings/14finkle.html
  2. https://www.cnbc.com/id/41157529
  3. "Archived copy". Archived from the original on 2010-08-11. Retrieved 2010-09-27.CS1 maint: archived copy as title (link)
  4. http://old.cornerstonemacro.com/carter-worth/%5B%5D
  5. https://www.bloomberg.com/news/2010-08-10/s-p-500-direction-is-coin-toss-for-oppenheimer-s-technical-analyst-worth.html
  6. https://www.cnbc.com/2018/03/19/i-love-the-chart-of-oracle-heading-into-earnings-says-top-technician.html
  7. https://finance.yahoo.com/quote/ORCL/history.html
  8. https://www.cnbc.com/video/2018/03/09/it-might-just-be-time-to-unfriend-facebook-technician.html
  9. https://www.marketwatch.com/story/facebook-valuation-drops-75-billion-in-week-after-cambridge-analytica-scandal-2018-03-23
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