According to the United States Department of Labor, after several weeks of falling claims, initial jobless claims increased last week by 12,000, which increases the 4-week moving average by 2,500 claims. To read the full report, visit the website. The National Association of Realtors reported today that sales of existing […]
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In his Financial Services model, Andy Schornack invests in positions within the financial services and real estate sectors. Before buying a position, he conducts a detailed financial analysis as part of his bottom-up approach. The model takes long positions only and limits investments to U.S. equities. He also looks for […]
New Covestor model manager SWAN Asset Management gets its name from a tenet that many investors long to uphold—Sleep Well At Night. In order to create portfolios that can allow investors to do this, they focus on investment strategies that hedge against downside risk, give steady progress in good markets […]
We will be conducting scheduled maintenance at the following times over the next few days: Friday 24 September 2010 – 1am ET to 4am ET Sunday 26 September 2010 – 2am ET to 6am ET The Covestor.com website may be unavailable whilst this maintenance is completed. We apologize for any […]
The Federal Housing Finance Agency released their Housing Price Index results for July this week (you can read the full report here). According to the report, home prices in the U.S. fell .5 percent in July, and fell a total of 3.3 percent for the 12-month period ending in July […]
Covestor model manager Alex Denegan strives for long-term success and reduced downside risk in his Quanitative Optimization model. To manage these goals he uses ETFs to create a diverse portfolio along with quantitative asset allocation. The top holding in the model is iShares S&P/Citigroup International Treasury Bond Fund (IGOV), a […]
The Federal Open Market Committee (FOMC) met today and acknowledged that the pace of economic recovery has slowed since they last met in August. Again, they mention that they expect a modest pace for recovery in the near term, as housing, bank lending and employment are all contracted or depressed. […]
On Tuesday September 21st, the Federal Reserve will meet to decide whether or not to continue putting money into the economy by buying bonds, a strategy of the monetary policy known as quantitative easing. Since the Fed rate has already been lowered to near zero (.25 percent), easing interest rates […]
Phil Dhingra is the manager of the Forbes 100 model, a model that invests only in companies that have appeared on Fortune Magazine’s list of 100 top employers to work for. Phil believes that creating a great work environment is one of the indicators of potential company success. Phil has […]
The Intrinsic Value model managed by Ryan Leggio looks for above average companies that are priced below average. Leggio looks for companies that earn returns on invested capital for a sustained period of time, thereby creating some intrinsic value. Leggio leaves cash in the model when he doesn’t find enough […]
Yesterday, after the market closed, Oracle Corporation (NASDAQ: ORCL) announced their quarter one 2011 financial results, which were generally positive. Their GAAP total revenues were up 48 percent year-over-year and their GAAP net income was up 20 percent. Research In Motion Ltd (NASDAQ: RIMM) also released some positive financial results […]
The Resource and Commodity model managed by John Rodgers utilizes a macroeconomic approach to commodity and resource investing. To further refine his choices he uses a fundamental and discounted cash flow analysis. The top holding in the model is Exxon Mobil Corp (NYSE: XOM). XOM’s net revenues fell from $425.1 […]