The U.S. Department of Labor released a statement today that the unemployment rate in July remained at 9.5%. This means that though the private sector reported an increase in jobs, it was not enough to combat the 131,000 jobs lost in July and create a reduction in the unemployment rate. […]
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Yesterday, ADP’s National Employment report gave investors good news when it announced that the private sector had added 42,000 jobs between June and July. Today’s unemployment claims press release issued by the Department of Labor negated the good news by offering an adjusted figure for initial unemployment claims during the […]
The ADP National Employment report was released today and it showed an increase of 42,000 jobs in the private sector from June to July. Additionally, the number of jobs added from May to June was adjusted from 13,000 (as previously reported) to 19,000. The report also mentions that while this […]
The S&P Best of Breed model managed by Conrad Leifur is designed with the goal of outperforming the S&P 500. It does so by investing in large and liquid S&P 500 stocks that have the potential to outperform others within their sector while maintaining representative sector weights. Another goal of […]
The quarterly report released by Pfizer Inc. (NYSE:PFE) today showed an impressive 9% increase in quarterly profit that beat analysts’ expectations. PFE also stated that their earnings for the year would end up being closer to the high end of their forecasts. Another company announcing quarterly earnings today was Procter […]
The GEARS Covestor model, Earnings Surprise, puts its focus on companies that are likely to deliver an earnings number that serves as a pleasant surprise to investors. Positions for the model are chosen by financial statement analysis during which the manager looks for low corporate costs, rising sales growth, increasing […]
These days, there are two ways investors can go to determine whether to be bullish or bearish about the market and economic recovery. Investors can look at positive earnings reports throughout the month of July mixed with the month’s more than 7% growth for the Dow Jones Industrial Average (rising […]
A report released today by the White House Council of Economic Advisors shows that GDP grew at a 2.4% annual rate during quarter two of 2010. This marks the fourth consecutive quarter showing growth. The report also revised the amount of growth experienced in the first quarter of the year […]
Our daily market and manager blog, Covestor Live, has had a face lift and is rapidly building its reputation. The blog, that covers the moves of our model managers, as well as the movements of the markets, news and analysis is now a featured provider on both Google Finance and […]
It seems that investors may be unable to shake their concerns over the economy this week because even in light of some positive news today, U.S. markets still ended the day with losses. The Labor Department announced today that unemployment claims had fallen slightly. And even though the drop was […]
U.S. markets were down today thanks to a combination of mixed and negative news about business and the economy. Among the mixed news today was The Federal Reserve Board’s Beige Book snapshot report on the economy (you can read the full report here ). The overall consensus within the report […]
Covestor model manager Lance Langenhoven has an easy to remember goal for investing in his Rule Number 1 model: Don’t lose money. Langenhoven adopted this rule after reading the Phil Town book “Rule #1”. As you might have guessed already, that first rule is not to lose money. Predictably, the […]