2025 Market Outlook and the AI Race

Paul Beland, who holds a CFA designation, is currently serving as the Global Head of Research - Wealth Management at CFRA. Before joining CFRA in 2017, he worked as a sell-side equity research analyst for over ten years with Citigroup and Lazard Capital Markets in New York City. During his tenure, he covered various sectors, including Accounting and Valuation, Education Services, and Media. He completed his Bachelor of Arts in Economics with honors and distinction from the University of North Carolina at Chapel Hill. Additionally, he is a CFA charterholder.

Sam is Chief Investment Strategist. Sam Stovall is an analyst, publisher, and communicator of CFRA’s outlooks for the economy, market, and sectors. He is the author of The Seven Rules of Wall Street and The S&P Guide to Sector Investing. He also writes weekly “Sector Watch” and “Investment Policy” reports on CFRA’s MarketScope Advisor platform and maintains the Industry Momentum and Seasonal Rotation portfolios. His work is also found in CFRA’s flagship weekly newsletter The Outlook.

Angelo is a Vice President at CFRA and leads up the Technology team at the firm. His responsibilities include conducting research and recommending equity investments across the Technology and Communications Services sectors, specializing in mega cap technology firms, semiconductors, and social media companies. In addition, Angelo has extensive knowledge covering disruptive trends tied to Artificial Intelligence (AI) and digital advertising, among other areas. Angelo was previously an Industry Analyst with S&P Global Market Intelligence and worked there from 2007 through 2016. Prior to S&P Global and CFRA in 2016, Angelo was Vice President and Portfolio Manager at North Fork Bank, investing accounts through the utilization of mutual funds. In addition to that role, he was an Analyst for the North Fork Bank Trust Department, recommending industrial stocks through fundamental analysis and technical analysis-driven models. Angelo holds an MBA in Finance from Hofstra University and is also a CFA charterholder.