I recently shorted Morgan Stanley China A Share Fund (CAF) which trades near parity with its Net Asset Value (“NAV”). CAF issued transferable rights to its stockholders of record August 18th, which enable the issuance of 5,440,904 at a price as low as 90% of NAV.
The August Industrial Protection and Capacity Utilization report from the Federal Reserve was released today and showed a disappointing .2 percent increase in industrial production for August. This comes after a .7 percent increase in July that the report states was due to a sharp jump in demand for motor […]
Richard Moore added quite a few new positions to his Market Comparables model this week. In the model, Moore uses financial models that have been greatly refined to screen companies by their price movement and valuations. He then looks into the individual company financials and looks for hidden value within […]
The Census Bureau released its Advanced Monthly Sales for Retail Trade and Food Services report today, and it contained some good news. The report shows a .4 percent increase in sales of retail and food services from last month and a 3.6 percent increase year-over-year. Since August is a heavy […]
model managers this week. The first is Athena Invest which has two models with Covestor, each managed by C. Thomas Howard, Ph.D. In their models, Athena
In his Rebound MF model, Gerry Wollert uses technical analysis and a momentum model to choose ETFs. The model is meant to hold a total of seven ETFs when it’s fully invested and he focuses on large cap, high volume ETFs. This week, Wollert added Market Vectors Agribusiness ETF (MOO), […]
U.S. markets were up today as news of a possible extension of the Bush tax cuts cheered investors. While there is no question that the country’s debt keeps growing and additional tax dollars from the expiration of the Bush tax cuts could help get control of the spiraling debt, the […]
model, Michael Arold surveys market movement and technical indicators while taking advantage of short-term price swings and positions that have been over
We are delighted to announce the addition of Raphaël Mennicken as our Chief Investment Officer. Raphaël brings experience on both the equity and fund sides, having worked previously for companies such as L.E.K consulting and Credit Suisse First Boston. Most recently he started the investment research function at Bank Hapoalim […]
The month of August has been a challenge for the economy, the financial markets and for my own portfolio. While not yet committed to calling a 'double dip' in the economy, clearly the pace of the rebound has diminished threatening an economic drop back into full-blown recession.
The Hedged Equity model on Covestor is managed by Swan Asset Management. The model works to provide steady performance with income bonds while providing for some growth through the addition of equities. As equities enter the picture, the bonds serve a dual purpose, as they also provide a hedge against […]
billion, up from $3.1 billion the previous year. In 2009 they also reduced their total liabilities to $468.8 billion from $482.7 billion the previous year.