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).
Worth's weekly market commentary "Money in Motion" is known for its utilization of the "150-day moving average".
Video Carter Worth
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. He began his work in technical analysis at Donaldson, Lufkin & Jenrette under the tutelage of Vincent Boening. 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 Carter appears regularly on financial channels such as CNBC.
Maps Carter Worth
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.
More recently, 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%.
By contradistinction, 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. 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.
References
Source of the article : Wikipedia
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