In the Luxury Liner model, Covestor manager GEARS takes a fundamental approach based on financial statement analysis and uses documentation interpretation software to identify unusually depressed companies. Recently, Direxion Daily Large Cap Bear 3X Shares (BGZ) was added to the model. The goal of the fund is to deliver results that equal 300 percent of the inverse of the Russell 1000® Index, which is comprised of about 1,000 of the largest U.S. securities. On November 23rd, BGZ was trading at a premium to NAV. On the date this post was written, the fund was invested primarily in Russell 1000 swaps.
AthenaInvest’s Athena US Equity model uses a patented Strategy Based Investing methodology to determine which stocks should be added to the model. Recently, they added Webmd Health Corporation (NASDAQ: WBMD) to its holdings. For the past several years, WBMD’s net revenues have grown; rising steadily from $253.9 million in 2006 to $438.5 million in 2009—and it looks like that upward trend may just continue in 2010. By the third quarter of 2010, the company had already reported $366 million in net revenues for the year. The company’s stock price has also been climbing, rising from its 2008 lows (WBMD closed at $14.03 on October 16th 2008) to reach a closing price of $51.20 on November 19th, 2010.
*All prices used in this post obtained from Yahoo! Finance.
