The Dow Jones Industrial Average remained up today closing at 10,197.72 points, an increase of 58.73 points from Thursday. Between the early announcement of State Street Corporation’s positive earnings per share, the Institute for Supply Management’s report showing growth in June of non-manufacturing economic activity, and the International Monetary Fund’s […]
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The International Monetary Fund (IMF) released a report today that acknowledged the financial recovery for the first part of this year had been stronger than expected. They balanced this good news with the very real concern that an unstable European economy could spread and cause further economic upheaval. The upshot? […]
The Dow Jones Industrial Average was rejuvenated today as investors pounced on State Street Corporation’s (NYSE:STT) announcement that their earnings for Quarter 2 were right on track with analysts’ expectations and their earnings per share had exceeded the expectations of analysts. State Street, an investment management and research firm, is […]
The holiday weekend in the U.S. didn’t actually help improve the economy at all, but it did seem to improve the outlook of U.S. investors this morning as the Dow Jones Industrial Average rose as many as 165 points just 45 minutes after the market opened. Helping to push the […]
If you’ve been investing for any length of time, chances are good that you have heard about GARP investing—Growth at A Reasonable Price. GARP investors look for those companies that consistently earn and grow and that exceed broad market levels and exclude companies that are valued too high or low. […]
The U.S. Labor department reported today that while the private sector gained 83,000 jobs in June, employment overall lost 125,000 jobs. So while unemployment has dropped to 9.5%, the Labor Department’s report did not give economists and investors the news they had hoped to hear because it doesn’t show the […]
European and Asian markets were all down on Thursday and U.S. markets ended up following the trend with the Dow Jones Industrial Average closing down 41.49 points at 9,732.53. Concerns about job losses stemming from an offshore drilling ban as well as the potential loss of drillers were one reason […]
Faced with Moody’s potential downgrade of Spain’s credit rating and disappointing data within The ADP National Employment Report® investors sold more than they bought Wednesday resulting in yet another down day for U.S. markets. The Dow Jones Industrial Average ended the day down 96.81 points to close at 9,773.49. The […]
With the start of summer, and our new website, we are feeling warm and fuzzy at Covestor so we are waiving our own management fees for all new Mirroring Accounts funded by the end of July! What this means is that you can open an account today, mirror the investments […]
Portfolio manager Michael Arold’s Techincal Swing portfolio is filled with equities from many different sectors. In order to choose positions for his portfolio, Arold watches the market and individual sectors and uses many technical indicators. Once he has identified some positions that interest him he looks at the company’s fundamentals […]
For three consecutive months, the Conference Board’s Consumer Confidence Index® has been rising—but not anymore. The report released today showed that there has been a deep decline in the month of June. The results are based on surveys of 5,000 U.S. households. For the most part, the consumers surveyed were […]
Today we are going to take a look at the top holdings of portfolio manager Robert Foo. Foo uses market momentum to determine his investment strategy. During a bull market Foo invests in large-cap equities as well as exchange traded funds (ETFs) that are underleveraged. Being underleveraged can have an […]