Despite a negative shift in consumer confidence, U.S. markets were up today. The Dow Jones Industrial Average rose 46.10 points to 10,858.14—almost erasing the losses experienced on Monday. The Nasdaq climbed 9.82 points to 2,379.59 while the S&P 500 gained 5.54 points to 1,147.70. The Conference Board released their consumer […]
Author: Michael Arold Disclaimer: Michael Arold owns AVB in his Covestor Technical Swing model. September 16, 2010: Avalonbay Coummunities (NYSE: AVB) is a residential REIT, focused on rental apartment communities. I believe that AVB is currently in a sweet spot of the market: – More and more individuals are choosing […]
Limiting portfolio sizes to 20-30 stocks allows for diversification without getting to levels of diworstification. Hence, I have always had a few 'risky' biotech stocks. Based on the results of Savient Pharma (SVNT) the rewards have clearly outweighed the risks. Additionally, Rigel Pharma (RIGL) and Cephalon (CEPH) have seen bullish trading of late. Not being predisposed to investing in this sector, I just found the valuations too compelling.
As of the date of this report, the S&P500 has managed to rally substantially over the past week and a half. There were some less dire economic reports that came out that pushed the market up. To give some insight to my thinking in August and going forward I am going to spend a little time with some trades I made.
The Chicago Fed released their National Activity Index for August today and noted that their index decreased from -.11 in July to -.53 in August. The report also mentioned the recent announcement by the National Bureau of Economic Research that the recession had ended in June of 2009. The Chicago […]
Model manager Andy Djordjalian’s South America model focuses on industries that operate in South America. His model beat the S&P 500 in May, June, July and August and as of September 23rd was continuing to do so. When we spoke with him this week, we asked him about the strategies […]
The following stocks were traded by Covestor Model Managers on Friday September 24th, 2010 Covestor Model Manager Stocks For The Week traded HANS in their Model Top Internationals Covestor Model Manager Stocks For The Week traded CRM in their Model Top Internationals Covestor Model Manager Frank Hogelucht traded UPRO in […]
U.S. markets surged on Friday as the Durable Goods report from the Census Bureau beat analysts’ expectations. According to the report (which you can read here), durable goods orders fell 1.3 percent in August. Analysts had predicted they would decline by 1.4 percent. If you exclude transportation, however, durable goods […]
In their Large Cap Value model, manager Bristlecone VP focuses on those large cap companies that are trading at a discount to their intrinsic value. The model is long only and its manager uses a research-intensive process to identify intrinsic value and noticeable discounts. This week, they added Vulcan Materials […]
In his Speedboat model, Covestor manager Robert Gay uses proprietary technology to create a data record for companies before he invests. He looks for companies that are accelerating rapidly and are expected to produce high returns. This week, he added two positions to the model. The first was D.R. Horton […]
In Kevin Stewart’s Top Internationals model, Stewart looks for top performing, international companies with strong balance sheets, sales growth and earnings with low debt-to-equity ratios. This week, he added Hansen Natural Corp (NASDAQ: HANS) to the model. HANS is a natural beverage company that focuses on producing natural juices, sodas […]
According to the United States Department of Labor, after several weeks of falling claims, initial jobless claims increased last week by 12,000, which increases the 4-week moving average by 2,500 claims. To read the full report, visit the website. The National Association of Realtors reported today that sales of existing […]