This week we introduced you to Kevin Stewart’s Top Internationals model. He may be a new manager to Covestor but that doesn’t mean he hasn’t been busy. Stewart added Wynn Resorts Ltd (NASDAQ: WYNN) to his model this week. WYNN has resorts in both Las Vegas and China. On their 2009 balance sheet they showed reduced liabilities, increased assets and almost doubled shareholder equity. Their second quarter 2010 net revenues increased year-over-year as well as from first quarter.
James Hofmann added Progress Energy Inc (NYSE: PGN) to his Dividend Growth model this week. This model seeks to invest in companies that have a stable dividend and an above average yield. PGN currently (as of August 19th, 2010) has a 5.93 percent dividend and a forecasted earnings per share of $1.32. This comes after the company’s second quarter 2010 financial results which unveiled a .62 EPS and 2.6 percent increase in total revenues year-over-year.
In his Cash Flow model, manager Jose Betancourt added CRA International Inc (NASDAQ: CRAI). This diverse model stretches across industries and sectors to look for companies with free cash flow and negative net debt. Betancourt uses fundamental analysis for his long-term buys. CRAI, his newest addition, is a global consulting firm that lends its collective economic, business and financial expertise to law firms, accounting firms, governments and other groups that need it. The company’s total liabilities fell in 2009 as did their net revenues. Their second quarter 2010 revenue increased over first quarter 2010, but was less than second quarter 2009’s. In their second quarter news release, they mention that the firm is currently restructuring procedures to help reduce operating costs.
