In the MergerArb model, manager Atlas Capital looks for potential takeover targets and, depending on their liquidity and share price, considers adding them to the model. This week they added two positions. The first was Lions Gate Entertainment Corp (NYSE: LGF). For months, Lions Gate has been attempting to merge […]
Yolander Prinzel
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Model manager GEARS added two new positions to the Speedboat model this week. The first, Intevac Inc (NASDAQ: IVAC), is a developer of cameras, low-light electro-optical sensors and imaging systems. Their second quarter 2010 financial results showed a 107 percent increase in total revenues over the same period the previous […]
The Labor Department released their initial jobless claims for the week of October 2nd today (you can see the full report here). Claims decreased by 11,000, beating analysts’ expectations. This also reduced the 4-week moving average by 3,000. In more economic news, the Federal Reserve released their August 2010 Consumer […]
In the Rebound MF model, manager Rebound Trading uses technical analysis to choose up to seven larger cap, more-than-average-volume ETFs for the model. A stop loss order is placed on each ETF in the model. The top position in the model is Market Vectors Brazil Small Cap ETF (BRF), an […]
A few weeks ago we talked about the Technical Swing model on Covestor–a model that attempts to take advantage of short-term price swings—and the new positions manager Michael Arold added to the model. This week, Arold added two more. The first was BanColombia SA (NYSE: CIB), a bank with clients […]
After impressive gains yesterday, U.S. markets were mixed on Wednesday. The Dow Jones Industrial Average closed up 22.70 points to 10,967.42 while the Nasdaq fell 19.17 points to 2,380.66. The S&P 500 also closed lower, falling .83 points to 1,159.92. While we got some good news yesterday about the manufacturing […]
model with Covestor, Systematic Long Only, combines public data, consensus estimates and other information to find stocks or inverse ETFs to buy. The portfolio
The Focus Value model, managed by Analytic Investment, uses algorithms to help them take advantage of mispricing opportunities due to market inefficiencies. The algorithms assist by continually computing a relative value for stocks based on their fundamental factors, which allows the model managers to quickly spot price-based opportunities brought on […]
In his Fundamental Growth model, manager Gerald Sparrow looks for companies that have grown their sales, earnings and cash flows over time and that have established their ability to survive varying economic cycles. This week, he added three new positions to his model. The first was Polo Ralph Lauren Corp […]
In his Financial Services model, Covestor manager Andrew Schornack invests in positions within the financial services and real estate sectors. We discussed his model in detail last week. This month, Schornack added First Niagara Financial Group Inc (NASDAQ: FNFG) to the model. On September 30th, FNFG had a dividend yield […]
In an effort to strengthen the progress of the country’s economic recovery, the Bank of Japan discussed plans for quantitative easing, which included a $59.7 billion program to increase liquidity in the financial sector by buying assets. In addition, they lowered their overnight rate to between 0 and 0.1 percent […]
The Census Bureau released the August 2010 Full Report on Manufacturers’ Shipments, Inventories and Orders today. It turns out that new orders of manufactured goods were down .5 percent in August. During the prior month, orders had risen .1 percent—still, analysts expected them to fall in August by about .4 […]