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 […]
Yolander Prinzel
371 posts
Ryan Lee, manager of the Covestor Model Long-Term Conservative bought McCormick & Co Inc (NYSE:MKC) this week. Lee looks for positions that are trading at a 30% discount to their intrinsic value and he values free cash flow with debt that is manageable. MKC has managed to keep its long-term […]
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 […]
Covestor model manager Robert Gay of Global Equity Analytics and Research Services LLC (GEARS) focuses his Speedboat model on the purchase of companies that are unusually depressed. He uses a proprietary program to interpret documents and identify companies that fit in his portfolio. This week Gay bought NVIDIA Corp (NASDAQ:NVDA), […]
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 […]
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 […]
There is a lot going on in Washington DC right now. A new potential Supreme Court justice is going through a confirmation hearing, a major Wall Street reform bill is still being adjusted, and one portion of the Sarbanes-Oxley law (which discusses strict internal audit and reporting procedures for companies) […]
The new Wall Street reform bill is not quite ready for prime time yet but as it works its way through Congress the bill is receiving revisions that seemed to be improving the moods of investors on Friday. The bill includes changes to investment vehicle rating procedures, bank investment policies, […]
The reality of the Federal Reserve’s FMOC Statement on Wednesday seemed to finally sink in today as investors abandoned ship and left the Dow Jones Industrial Average to plummet 145.71 points and close at 10,152.73. The statement discussed the fact that economic recovery was expected to continue at a moderate […]
This week, portfolio manager Alejandro Paschalides bought shares of Diamond Offshore Drilling Inc (NYSE:DO). Paschalides has a portfolio that focuses on the energy sector and he evaluates positions using a top-down approach—which means he considers the overall activity within the market and sector before examining the individual characteristics of one […]
When you are looking for signs of economic improvement, interest rates are the first piece of economic data you should review. When the Federal Reserve keeps interest rates low, it generally means the economy isn’t doing so well and they want to stimulate spending. When they raise rates—even incrementally—then we […]
As you’ve no doubt noticed, some portfolio managers on Covestor choose individual sectors to invest in within their portfolios. But some just look for strong, undervalued companies in any sector. This week we’ve seen quite a few new positions purchased by managers with these free-thinking portfolios. Manager Douglas Estadt, who […]