With a chop that would make a sailor sea sick the Dow Jones Industrial Average suffered from the varied whims of investors all day Friday. This reaction is not surprising when you consider the statement issued by Commerce Secretary Gary Locke today regarding May retail sales. In the statement, Locke […]
This week manager Leif Eriksen added Western Digital Corp (NYSE:WDC) to his portfolio. In order to understand this decision fully, it’s important to consider Eriksen’s overall approach to choosing investments for his portfolio. Eriksen practices a fundamental approach in his portfolio. That means he looks at the financial health of a company […]
As the Euro seems to stabilize and European and Asian markets react favorably and economic reports from both Japan and China show growth in the two countries, the Dow Jones Industrial Average took a swing for the better today. Closing at 10,172.60, an increase of 273.35 points, the Dow enjoyed […]
Federal Reserve Chairman Ben Bernanke simultaneously helped and hurt the market today as he discussed the Euro Zone financial crisis as well as economic strain and recovery in the United States. His comments helped the market this morning as he mentioning that Europe’s financial crisis would likely have little effect […]
Closed-end funds often trade below their net asset value (NAV). This market inefficiency can offer a competitive advantage for both buy and hold investors and short sales because it allows the investor to buy the fund at a discount. Dan Plettner’s model, Long/Short Opportunistic, exploits these inefficiencies and holds or […]
The peaks and valleys were hard to count yesterday as the Dow Jones Industrial Average struggled with some bear-like descents and many optimistic inclines. Ultimately, the optimists won as the Dow closed at 9,939.98 up 123.49 points from Monday. Monday’s announcement by the British Prime Minister that the financial situation […]
The Dow Jones Industrial Average was conflicted today as it edged up and down with significant swings throughout the morning. News of Goldman Sachs’ (NYSE:GS) subpoena for financial records resulting from the company’s lack of compliance in responding to The Financial Crisis Inquiry Commission requests did little to help the […]
This week, manager Andy Schornack added a few new positions to his portfolio. Andy uses a bottom-up approach to investing, which means he looks at the strength of individual stocks rather than predicting what sectors might be affected by the broader economy. He also focuses on the real estate and […]
European and Asian markets were unable to retain their foothold on gains Friday and all but the Shanghai Composite closed down thanks to the growing concerns that surround the European economy and Hungary’s debt. But there was good news—the Euro was up and BP announced that it would be able […]
Manager John Ballard, who has a fundamental buy and hold portfolio, scooped up some DreamWorks Animation SKG Inc. (NASDAQ:DWA) stock this week. With a recent decline in revenue and the much anticipated release of its final movie of the Shrek franchise underperforming expectations, DWA has slipped out of investor favor over […]
U.S. investor optimism reached across the pond yesterday and as a result, most European and Asian markets closed with moderate gains on Thursday. In even more good European news, the Euro continued its rise while the dollar declined. Unfortunately, central banks in Europe are not betting on these gains as […]