The Value in Foresight

Independence is prized as investors reward prescient analysts in this year’s annual ranking of the Top U.S. Equity Research Analysts. Ivy Zelman of Cleveland-based Zelman & Associates, for the third consecutive year is No. 1 in the Homebuilders & Building Products sector. She is one of two independent analysts this year to claim the No. spot in their sectors. The other, Edward Wolfe, has been a first-timer for six straight years in the Air-freight & Surface Transportation sector.


Equity analyst Ivy Zelman has a reputation for being as hard-eyed as she is hardworking. So much so that management at companies like Fort Worth–based homebuilder D.R. Horton, on the receiving end of her candid research reports, have stopped talking to her.

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