In manager Richard Moore’s Market Comparables model, a long-refined financial model is used to help find companies based on relative price movement and valuations over time. From there, Moore looks at each company’s financial forecast to get an idea of their potential for earnings growth. This month, Moore added several […]
Strategies
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Ronald Guerrini attempts to outperform the S&P 500 and Nasdaq 100 while picking positions that will have less volatility and shallower drawdowns in his Breakouts and Reversals model. The model has a multi-day holding approach that focuses on breakouts and reversals. This month, he added power and automation company Abb […]
In the Precedent-Based model managed by John Ward, the goal is to minimize risks while combining fundamental analysis with market timing strategies that stem from technical analysis. Recently, additional shares of Netflix Inc (NASDAQ: NFLX) were added to the model. NFLX has recently changed its membership options, adding a streaming […]
Allianz SE (AZSEY) is an integrated financial services provider. The Company serves approximately 75 million customers in about 70 countries.
Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.
In the Luxury Liner model, Covestor manager GEARS takes a fundamental approach based on financial statement analysis and uses documentation interpretation software to identify unusually depressed companies. Recently, Direxion Daily Large Cap Bear 3X Shares (BGZ) was added to the model. The goal of the fund is to deliver results […]
Most of life’s encounters, good or bad in social welfare, present us each individually with the opportunity to choose our own long term benefits and detriments. By circumstance, I was exposed professionally to see Mary Meeker’s high times at Morgan Stanley while the ink was still wet on my undergraduate diploma. I’ll call loosely the phenomenon “Mary’s World”. In the spirit of the Holiday Season, I’d like to offer “Thanks” for the wisdom provided by a youthful exposure to Mary’s World.
The notion of “Asset Captivity” among Closed-End Funds doesn’t get much mainstream press. Instead, mainstream press focuses on a primary symptom: the illusion of a Black Friday sale on the New York Stock Exchange. A market price representing a discount to Net Asset Value (“NAV”) is only a relevant bargain if the discount is going to narrow at some point in time. Such occurs less often among funds whose governance choices could conceivable be interpreted as prioritizing Assets Under Management (“AUM”) or billable assets over shareholder value.
On Friday, November 19th, 2010, the market price of Energy Income and Growth Fund (FEN) declined significantly while the Net Asset Value (“NAV”) increased. A market premium narrowing roughly by half in just one day showcases the supply demand dynamics affecting Closed-End Funds (“CEFs”).
In the Dividend Growth model, manager James Hofmann looks for equities that have stable dividends and above average yields. He uses a value-based approach to investing and holds some cash in the model for market timing purposes. Recently, he added tobacco company Lorillard Inc (NYSE: LO) to the model. On […]
The recent inquiry and writing from a Dow Jones reporter whom I respect has inspired me to share a more detailed perspective of the Korea Equity Fund (KEF)