There’s been a flurry of job departures among sell-side stock analysts in 2016. Traders likely recognize some of the bigger names that have gotten the job-hopping itch.
Piper Jaffray Companies PJC 2.47%’s popular Apple Inc. AAPL 1.63% analyst Gene Munster has announced he is leaving the company and teaming up with long-time associates Doug Clinton and Andrew Murphy to form a new venture capital firm, Loup Ventures. The firm will reportedly focus on virtual reality, augmented reality, artificial intelligence and robotics.
Munster had been with Piper Jaffray since 1995. In addition to Apple, Munster covered other popular digital media stocks such as Facebook Inc FB 0.65%, Alphabet Inc GOOG 1.66% GOOGL 1.8%, Amazon.com, Inc. AMZN 0.17% and Yahoo! Inc. YHOO 0.85%.
Other Names
Munster isn’t the only analyst that is job hopping. Long-time SunTrust Banks, Inc. STI 0.09%analyst Bob Peck will be leaving the company for a new position at Credit Suisse Group AG (ADR) CS 2.65% as well.
The finance world certainly seems to be taking notice of the shuffling.
Back in February, Oppeheimer Holdings Inc. (USA) OPY 0.54% reportedly fired…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
