Covestor Model manager James Hofmann’s Dividend Growth model has not only outperformed the S&P 500 for the past two months, but it has also managed a 9.24 percent return in July. We sat down with James to learn more about his investing decisions and to find out how he finds […]
Archive
618 posts
The Department of Labor released August’s employment numbers on Friday. Overall, August saw a gain of 67,000 jobs in the private sector, a number that exceeded expectations. Although the unemployment rate also increased to 9.6 percent, the news was not devastating because most of that increase was the result of […]
The National Association of Realtors (NAR) released the July results for the Pending Home Sales Index today. Thanks to contracts for home sales signed in July, the index rose 5.2 percent. The chief economist for the NAR said that home sales will still be “soft” in the coming months. This […]
The Institute for Supply Management released their August 2010 manufacturing report today, and the report shows that 11 of 18 total manufacturing industries grew in August. Additionally, PMI (the Purchasing Managers Index) rose to 56.3 in August. PMI is considered an important economic indicator because its number can indicate the […]
Covestor model manager Harsh Nahar takes a bottom up approach to identifying appropriate investments for his Bottom Up Concentrated model. He also looks for positions with price movements created by short-term irrationalities. The top holding in this model is Citigroup Inc (NYSE: C). In 2009, C’s net revenues increased to […]
As always, we’ve got a great list of new Covestor model managers for you to check out. Below you’ll get an overview of their background, model goals and objectives, subscription minimums and top holdings. Be sure to click the links for more detailed information. Raymond Stoudt is a retired Air […]
The Federal Deposit Insurance Corporation (FDIC) released the results of its second quarter survey of the national banking system today. The report (which you can read in its entirety here) has some good news, including the fact that quarterly earnings at banks are the highest they’ve been in almost three […]
The Bureau of Economic Analysis released their Personal Income and Outlays report today. In the report, they indicated that consumer spending had increased by .4 percent in July, which was more than analysts expected. The report also notes a .2 percent increase in both personal income and personal disposable income, […]
Capital Ideas has two successful models with Covestor—the Macro Plus Income model and the recently launched ETF Only model. Both have succeeded in beating the S&P 500 in recent months, so we thought we’d sit down with one of the founding principals to get some insight into their success. Covestor […]
The Bureau of Economic Analysis announced today that the pace of GDP had slowed to 1.6 percent in the second quarter of 2010, compared to the 3.7 percent it had grown the first quarter. This slowing pace of recovery brought about fresh concerns over a double dip recession. Federal Reserve […]
The number of new unemployment claims fell by 31,000 last week according to a report by the U.S. Department of Labor. The reduction in claims was not substantial enough to indicate a strong improvement in the economy or job market, but it is good news nonetheless. The four-week moving average […]
As we mentioned yesterday, some bad news on the housing front knocked U.S. markets down a notch. Today, investors were either determined to find good deals or to play an active role in economic recovery. This activity sent The Dow Jones Industrial Average up 19.61 points to 10,060.06. The Nasdaq […]