The Federal Reserve released their minutes from their September 2010 Federal Open Market Committee meeting along with a summary of the meeting’s discussions. In the summary (which you can read here), the committee talks about the struggling recovery, contracted bank lending, high unemployment and slightly increasing household spending. The upshot […]
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This week we’re going to look at some managers who’ve been on Covestor for a few months now, but who haven’t been highlighted on Covestor Live yet. Suncoast Equity was added to the Covestor roster in May. The company was founded in 1997 by former Polen Capital portfolio manager Donald […]
In the Fundamental Growth model, manager Sparrow Capital looks for companies with a proven ability to grow their sales as well as cash flows, earnings and book values over different economic cycles. In order to find the right kinds of companies, the fund’s managers review annual and quarterly reports. The […]
This week we asked Ben Dickey, one of the founding principals of BSG&L Financial Services, some questions about their two Covestor models, Pure Growth and Growth Plus Income. Covestor Live: Both of your models have been in the top 5 over the last 3 months. What do you find is the […]
It was a bumpy day for U.S. markets, even though the bumps were relatively small. For the majority of the day, the Dow Jones Industrial Average remained just above 11,000, but about 30 minutes before the close, it fell to roughly 10,978. Some momentum was regained in the final minutes […]
The Department of Labor released their September Employment Situation Summary today. In the report they announced that the unemployment rate had remained unchanged during September and was still 9.6 percent. They also noted that private sector employment rose by 64,000. You can see the full report here. The U.S. Census […]
The Labor Department released their initial jobless claims for the week of October 2nd today (you can see the full report here). Claims decreased by 11,000, beating analysts’ expectations. This also reduced the 4-week moving average by 3,000. In more economic news, the Federal Reserve released their August 2010 Consumer […]
In the Rebound MF model, manager Rebound Trading uses technical analysis to choose up to seven larger cap, more-than-average-volume ETFs for the model. A stop loss order is placed on each ETF in the model. The top position in the model is Market Vectors Brazil Small Cap ETF (BRF), an […]
After impressive gains yesterday, U.S. markets were mixed on Wednesday. The Dow Jones Industrial Average closed up 22.70 points to 10,967.42 while the Nasdaq fell 19.17 points to 2,380.66. The S&P 500 also closed lower, falling .83 points to 1,159.92. While we got some good news yesterday about the manufacturing […]
model with Covestor, Systematic Long Only, combines public data, consensus estimates and other information to find stocks or inverse ETFs to buy. The portfolio
The Focus Value model, managed by Analytic Investment, uses algorithms to help them take advantage of mispricing opportunities due to market inefficiencies. The algorithms assist by continually computing a relative value for stocks based on their fundamental factors, which allows the model managers to quickly spot price-based opportunities brought on […]
In an effort to strengthen the progress of the country’s economic recovery, the Bank of Japan discussed plans for quantitative easing, which included a $59.7 billion program to increase liquidity in the financial sector by buying assets. In addition, they lowered their overnight rate to between 0 and 0.1 percent […]