On the evening of September 15th, Cohen & Steers announced adopting a level rate distribution policy, and declared third quarter distributions for its affected Closed-End Funds.
Yesterday, after the market closed, Oracle Corporation (NASDAQ: ORCL) announced their quarter one 2011 financial results, which were generally positive. Their GAAP total revenues were up 48 percent year-over-year and their GAAP net income was up 20 percent. Research In Motion Ltd (NASDAQ: RIMM) also released some positive financial results […]
The Resource and Commodity model managed by John Rodgers utilizes a macroeconomic approach to commodity and resource investing. To further refine his choices he uses a fundamental and discounted cash flow analysis. The top holding in the model is Exxon Mobil Corp (NYSE: XOM). XOM’s net revenues fell from $425.1 […]
The 2009 Income, Poverty and Health Insurance Coverage in the United States report was released today at the U.S. Census Bureau’s website. It turns out that the real median household income of $49,777 in 2008 remained the same in 2009. The poverty rate, however, grew to 14.3 percent. In 2008, […]
On the evening September 13, SunAmerica Focused Alpha Growth Fund (FGF) and SunAmerica Focused Alpha Large-Cap Fund (FGI) each announced the intention to conduct tender offers. In reaction to the news, FGF’s market price rose 2.5% from the prior day close of $14.82 to $15.20 on Tuesday, September 15, 2010. FGI’s rose 0.5% from $13.92 to $13.99. The Dow and S&P declined slightly on the day.
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 […]