CFRA's sector outlooks, crafted through collaboration among 90 analysts, draw from diverse research disciplines. Their insights inform equity STARS ratings and a model portfolio. In 2023, the model portfolio outperformed the S&P 500 by 24%, with STARS ratings surpassing by 8%. Since 1995, the portfolio has exceeded the S&P 500 by 4.3% annually, while STARS ratings have outperformed by 1.3% since 1999. Note: Past performance does not predict future results.
Case Study, Fundamental
The Importance of Sector Outlooks
22 February 2024
Summary
Analyst
Paul Beland, CFA
Global Head of Research - Wealth Management
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.
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