Behind B1 U.S. Pursues Sweeping Insider-Trading Probe [WSJ] – “could eclipse the impact on the financial industry of any previous such investigation” Gus Lubin: “If the charges stemming from this probe have the same scope as the probe, it will shake Wall Street to its core.” NY Post: “the probe could […]
As a day trading model looking for credible growth stories and company news to affect stock price, Management Access (managed by Douglas Estadt) sees a lot of new positions each month. Last month, the model gained many positions including Sprint Nextel Corp (NYSE: S) and Ctrip.com International Ltd (NASDAQ: CTRP). […]
The National Association of Realtors announced today that October home sales had declined by 2.2 percent. This puts home sales 25.9 percent below October 2009 levels. Much of this difference can be attributed to the tax incentives offered to home buyers during 2009 that are lacking this year. Also affecting […]
We are delighted to announce the addition of Mick Weinstein as our Head of Editorial. Mick brings extensive experience in finance and online media. Most recently he was Editor in Chief and VP Content at leading stock market analysis website Seeking Alpha where he built the editorial function, overseeing publication […]
You’ve heard about the pending European bailout of Ireland – but why is happening now? CNBC’s John Carney asks “why would the Eurocrats demand a bailout of Ireland when Ireland insisted it didn’t need one?” It has more to do with their immediate needs than Ireland’s:
Find the time for John Cassiday’s lengthy New Yorker feature that asks if Wall Street adds any real benefit to society, given that “[f]or years, the most profitable industry in America has been one that doesn’t design, build, or sell a single tangible thing.” Cassiday quotes anonymous econoblogosphere star The Epicurean Dealmaker, […]
Though it didn’t come as much of a surprise, Ireland’s request for financial assistance from the International Monetary Fund and the European Union had a dramatic, if temporary, affect on U.S. markets on Monday. By midday the Dow Jones Industrial Average lost as many as 139 points while the S&P […]
In the Systematic Long-Only model managed by Ascendere Associates, the goal is to find stocks and ADRs with the potential for growth at reasonable prices and a market cap greater than $2.5 billion. Let’s take a look at three different positions recently added to the model. The first is American […]
On November 10, 2010, Covestor hosted the first model manager Compliance Webinar featuring Chief Compliance Officer, Anne Dewey and Director of Manager Relations, Eric Esterkin. The Webinar covered the dynamics of our relationship with model managers, our compliance requirements and specific examples addressing the most common misconceptions. If you have questions about our […]
Richard Moore manages the Covestor model Market Comparables by using financial models that have been long refined. He looks at the financial forecast of companies and assesses their potential for earnings growth. During the last few weeks, Moore has added many additional positions to the model. One of these is […]
The Technical Swing model managed by Michael Arold uses technical indicators and movements in the market to determine which equities to add. As a short-term model, the goal is to take advantage of short-term price swings. On November 2nd, Arold added Apple Inc (NASDAQ: AAPL) to the model. AAPL had […]
This week we talked to Ascendere Associates founder J. Stephen Castellano about the financial models and consensus estimates used to help choose investments for his Systematic Long-Only model. Covestor LIVE: Can you tell us a little bit about the financial models utilized to pick equities and ADRs for the Systematic […]