Christopher Danely |
First TeamChristopher Danely JPMorgan Second Team Joseph Osha, Merrill Lynch Third Team Glen Yeung, Citi Runners-Up James Covello, Goldman Sachs; Gurinder Kalra, Bear Stearns; Timothy Luke, Lehman |
Taking the final step to claim his first-ever first-team finish, Christopher Danely of JPMorgan Securities is cited for his “sense of humor, which sets him apart from most stiff Wall Street analysts,” according to one money manager. Clients also praise the San Francisco–based analyst’s astute stock picking. Danely upgraded Texas Instruments to buy last December, after the Dallas-based manufacturer lowered its earnings guidance, a sign that the company’s margins had hit bottom. By mid-September the stock was up 19.1 percent, while the Philadelphia Stock Exchange’s semiconductor sector index gained 2.3 percent. Danely, 36, who earned a bachelor’s degree in aquatic biology from the University of California at Santa Barbara in 1994, joined JPMorgan in 2002 after working at Merrill Lynch under the direction of Joseph Osha, who reclaims the No. 2 spot after a year as runner-up. Osha “knows the group better than most, and his ideas are actionable,” says one investor. In July 2006, Osha issued a report predicting that the sector was nearing a bottom. He was not far wrong; the index hit bottom that day and by mid-September 2007 had risen 23.0 percent. In third, Glen Yeung displays a “willingness to make bold calls supported by solid field checks,” says one buy-sider. Case in point: The Citi analyst issued a contrarian buy recommendation on Santa Clara, California–based Intel Corp. in March 2006. By mid-September 2007 the stock was up 26.7 percent. |
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Technology: Semiconductors