The new Wall Street reform bill passed the senate today and is waiting for the President’s signature to make it law. In the bill is a ban on liar’s loans, the development of a new oversight panel of financial regulators charged with the task of keeping watch for problems within […]
Yolander Prinzel
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In Atlas Advisors' MergerArb model, manager Jonathan Tunney looks for U.S. companies that could be the focus of a takeover. He then looks at their liquidity, share price and other factors to determine whether or not to invest. This week Tunney bought Hewitt Associates Inc (NYSE:HEW) a human resources consulting […]
The Federal Reserve released the minutes from their June Federal Open Market Committee (FOMC) meeting today and the results may not be what investors were hoping to hear. The minutes reveal the expectation of the committee for a modest economic recovery to continue all the way through 2011. They also […]
Exceeding analyst’s expectation in your quarterly profits is a great way to get the market up, as Alcoa Inc (NYSE:AA) proved to U.S. investors today. Not only did Alcoa’s increased profits cheer investors, but the indication that the demand for aluminum is increasing (hence the increased profits) was another positive […]
The Dow Jones Industrial Average remained mostly stable today alternating gaining and losing small amounts throughout the day. Ultimately, the Dow settled with an 18.24 point gain closing at 10,216.27. Quarterly earnings reports that indicate how the economy may or may not be rebounding are due out soon, and that […]
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 […]
Today we are going to look at some of the new positions added to the two models managed by Dan Plettner. It is interesting to see these two different models at work. Trading at a small discount to net asset value (NAV), SunAmerica Focused Alpha Growth Fund Inc (FGF) makes […]
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? […]
Covestor model manager Craig Steury bought Sturm Ruger & Co Inc (NYSE:RGR) this week in his Algorithmic Trading portfolio. In this portfolio, Steury holds computer executed positions for anywhere from 2 to 6 days and basis his computerized buys on an algorithm that analyzes Nasdaq issues. In 2009, Sturm Ruger’s […]
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 […]
Monthly Investment Report for July 2010 from Capital Ideas on Covestor. While June may have been a good base building period for US equities we think it could have been a topping period for the US dollar. That is why we continued to build core ETF positions in foreign markets […]