U.S. markets were up today as news of a possible extension of the Bush tax cuts cheered investors. While there is no question that the country’s debt keeps growing and additional tax dollars from the expiration of the Bush tax cuts could help get control of the spiraling debt, the […]
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We are delighted to announce the addition of Raphaël Mennicken as our Chief Investment Officer. Raphaël brings experience on both the equity and fund sides, having worked previously for companies such as L.E.K consulting and Credit Suisse First Boston. Most recently he started the investment research function at Bank Hapoalim […]
The Hedged Equity model on Covestor is managed by Swan Asset Management. The model works to provide steady performance with income bonds while providing for some growth through the addition of equities. As equities enter the picture, the bonds serve a dual purpose, as they also provide a hedge against […]
The Forbes 100 model on Covestor, managed by Philip Dhingra, banks on the philosophy that a great employer has a better chance of becoming a great success as a company. If this is correct, it would mean that employers who treat their employees well could make great investments. The model […]
U.S. markets ended the week on a high note with the Dow Jones Industrial Average gaining 47.6 points to 10,462.84, the Nasdaq rising 6.28 points to 2,242.48, and the S&P 500 climbing 5.37 points to 1,109.55. This week, between the news about European bank stress tests, the Federal Reserve’s September […]
The initial unemployment claims for the week of September 4th were released by the Department of Labor today. Surprisingly, they decreased more than expected—by a total of 27,000—which helped to significantly reduce the 4-week moving average and put investors in a more positive state of mind, especially since the unemployment […]
The September issue of the Federal Reserve’s Beige Book (a brief, countrywide economic snapshot created eight times per year) was released today. While the report gives a more comprehensive look at the many sectors of economic activity, the overarching theme was that there were some increases in consumer spending and […]
Despite the good economic news investors enjoyed late last week, U.S. markets fell today, the first trading day after the Labor Day holiday weekend. The Dow Jones Industrial Average fell 106.86 points to 10,341.07 and the Nasdaq lost 24.86 points to close at 2,208.89. The S&P 500 closed at 1,091.85 […]
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 […]
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 […]