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Rail News Home Rail Industry Trends

5/27/2009



Rail News: Rail Industry Trends

Wall Street Journal survey: Stifel Nicolaus’ Ross ‘Best on the Street’ among industrial transportation stock-pickers


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When it comes to selecting industrial transportation stocks, Stifel Nicolaus Co. Inc. analyst David Ross stands out, according to The Wall Street Journal.

The Journal published its 17th annual “Best on the Street Analysts Survey” on Tuesday. The newspaper finds the top five analysts in 44 industries based on their stock-picking skill, with the data assembled by FactSet Research Systems Inc.

The best call that Ross made last year was a sell recommendation on trucking company YRC Worldwide Inc., a recommendation he made in May when YRC’s stock was trading at $18.16, the Journal noted. By the time Ross upgraded the stock to “hold” in late November, it had tumbled 87 percent to $2.43, the Journal added.

William Fisher from Raymond James & Associates Inc. was ranked second, followed by Jim Corridore of Standard & Poor’s Corp.

— By Desiree J. Hanford. A Chicago-based free-lance writer, Hanford covered the equities market, including transportation, for Dow Jones & Co. for 10 years.