In the first 10 minutes of trading this morning, the Dow Jones Industrial Average lost as many as 146 points after IBM showed lower-than-expected quarterly revenues. But the extension of jobless benefits and a reported increase in building permits issued (an increase of more than 2%) helped investors get back […]
Monthly Archives: July 2010
71 posts
Second Quarter Review for Investment Clients of Sparrow Capital Management (Ending June 30, 2010) If you view the price change for the Dow Jones Industrial Average over the prior 90 days you may become disappointed. On the surface, the second quarter of 2010 was not good for investors. However, when […]
Although bad economic news seemed to dominate the headlines today, U.S. markets managed to make some gains. The Dow Jones Industrial Average was up 57.74 points today closing at 10,155.64. The Nasdaq was up 19.18 points to close at 2,198.23 and the S&P 500 gained 6.49 points to close at […]
Schenley Park and their Covestor Model Capital Appreciation Plus looks for positions that will appreciate in value while offering activity that is not as volatile as the S&P 500. Let’s look at five of the funds that dominate this model. ProShares UltraShort S&P 500 ETF (SDS) is a bearish fund […]
Covestor Model Manager Mark Holder gives his take on the BP oil spill and Massey Energy (MEE). With all the focus on BP, everybody has forgotten the damage done to the stock of Massey Energy (MEE) after the explosion at the Upper Big Branch Mine (UBB) in early April. MEE […]
Covestor model manager Vivian Lewis offers her daily international briefing. Note that not all companies are held in the International Yield Covestor Model. Rather, some are just International Companies that Vivian tracks. Market Update for Tuesday July 19th, 2010 US data is actually expected to be woeful. Especially existing home […]
Visit Global Equity Analytics and Research Services (GEARS) on Covestor The first week of earnings season was underway last week with positive surprises outnumbering negative 8 to 1. Still the market dropped, and broadly. Last week, 86% of stocks were down. It seems that the market focus has shifted from […]
Regarding Goldman Sachs (GS), I today added to my positions in the Preferred Stock Floaters in the Taxable Income Model: GS PRA (as traded on IB) is GS.PA on Seeking Alpha (where I've written on it) and GS-A on Google Finance GS PRD (as traded on IB) is GS.PD on […]
model this week. This model has an ETF allocation strategy with no more than 20% invested in fixed income. D’Amico uses computer models for analysis to decide
The new Wall Street reform bill passed the senate today and is waiting for the President’s signature to make it law. In the bill is a ban on liar’s loans, the development of a new oversight panel of financial regulators charged with the task of keeping watch for problems within […]
Next week marks three months since the BP Deepwater Horizon explosion and spill, which, in addition to its impact on wildlife, the local fishing industry, and regional tourism, has severely depressed BP's stock price. During the first 2 months following the disaster, BP's stock price decreased sharply, though in recent weeks it has […]
I thought I'd offer some bullet points for Covestor's contemplation regarding the five largest positions in the Taxable Income Model, in which I try to carry minimal interest-rate risk, relative to bond alternatives. OSM is an exchange traded note "bond", with unique inflation protection monthly coupon payments. It trades at […]