In the long-term Global Clean Energy—Clean Tech model, manager Craigmillar focuses on companies involved in alternative energy. Recently, they added Ormat Technologies Inc (NYSE: ORA) to the model. ORA operates, owns and develops both geothermal and recovered energy-based power plants globally, which do not issue new CO2 into the environment. The company has a higher price to earnings ratio than many competitors and its stock price has fallen over the past 12 months. On November 2nd, 2009 ORA closed at $37.90, but dropped to a closing price of $28.07 on November 2nd, 2010.
The Performance with Protection model managed by Leif Eriksen is managed with a top-down, fundamental approach that favors high quality, mid to large-cap companies benefiting from macro trends. astmonth, Eriksen added Adobe Systems Incorporated (NASDAQ: ADBE) to the model. Recently, Apple Inc (NASDAQ: AAPL) agreed to finally allow ADBE to develop applications for its proprietary operating system—a major stride for Adobe, whose stock price has fallen this year from a closing price of $36.78 on December 31st, 2009 to $29.02 on November 2nd, 2010. The ability to develop apps for increasingly popular devices such as the iPad could help ADBE increase income.
Mitch Jones’ Price Momentum model is a technical, quantitative model that focuses on the short-term momentum of small-cap stocks and uses eight indicators to determine whether or not to execute trades. Recently, 8×8 Inc (NASDAQ: EGHT)—a company that provides VoIP and other communication solutions to businesses—was added to the model. EGHT’s stock price began growing sharply after the company announced its highest ever quarterly revenue on July 28th, 2010. Their stock price rose from a closing price of $1.41 on July 27th to $2.83 on November 2nd.
