The Technical Swing model managed by Michael Arold uses technical indicators and movements in the market to determine which equities to add. As a short-term model, the goal is to take advantage of short-term price swings. On November 2nd, Arold added Apple Inc (NASDAQ: AAPL) to the model. AAPL had […]
Strategies
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Fund (EWD), a fund that attempts to mirror the performance of the MSCI Sweden index. On November 10th, the fund was trading at a discount to NAV. EWD’s price
A risk-averse approach to wealth today demands greater acceptance of what are traditionally “risk assets”. A historically significant rally may be approaching as effective risk tolerance normalizes.
Disclosure: Long TYW, DHG, LBF, and DRP in Well Intentioned Activism Profile Closed End Funds and Tax Advantaged Income (TYW only). Short AOD in Long/Short Opportunistic. On November 9th, 2010 TS&W / Claymore Tax-Advantaged Balanced Fund (TYW) made a press release broadly observed to reflect directional uncertainty in light of […]
In his Price Volatility Volume model, manager William Smith uses quantitative analysis to find equities that have been overbought or oversold. Recently, he added Exact Sciences Corp (NASDAQ: EXAS) to the model. EXAS, a colorectal cancer-focused molecular diagnostics company, recently had a jump in stock price. On August 24th EXAS […]
Focus Value model manager Analytic Investment attempts to take advantage of equity mispricing opportunities led by market inefficiency. To do so, Analytic Investment utilizes computer algorithms that compute the relative value of all stocks based on their fundamental factors. Last week, they added several new positions to the model, including […]
Jeff Phillips manages the Long-Short Equity model on Covestor with an eye toward maximizing the probability of the portfolio’s profitability by using results of ongoing empirical research. The model has assets stretching across all sectors and uses a market timing strategy. The top holding in the model is Dynamex Inc […]
The Cash Flow model managed by Jose Betancourt uses fundamental analysis to focus on cash flow and negative net debt. Recently Betancourt added a couple of new positions to the model. The first was Bridgepoint Education Inc (NYSE: BPI). BPI had assets totaling $281.7 million in 2009 and liabilities totaling […]
If ever there was a sign that individual investors need protection from themselves, it may have shown up in Tuesday’s November 2nd 2010 market action in Equus Total Return (EQS) shares. I have no position. Rarely do shares of a company trade higher on news that it is entering wealth destructive transactions. However that is exactly what occurred on November 2, 2010 with EQS shares trading significantly higher. Investors paid up for the right to infuse additional capital into a Closed-End Fund with a transaction which would appear highly destructive to per share published Net Asset Value.
The market discount of Cohen and Steers Dividend Majors Fund (DVM) shares has narrowed by more than 11% in less than two months. On the evening of September 15th, 2010 Cohen & Steers announced adopting a level rate distribution policy, and declared third quarter distributions for its affected Closed-End Funds. That afternoon, DVM had closed at $11.20, a 15.66% discount to its $13.28 Net Asset Value (“NAV”). Yesterday, November 4th 2010 DVM closed at $13.61, a 2.86% discount to its $14.01 NAV. (Data source: CEF Connect)
I added three new companies to the Dividend Value Plus model in Oct 2010. All companies have excellent balance sheets and are currently out of favor with investors and analysts.
In his Only The Best model, manager Czar Reyes takes a value approach in order to buy excellent businesses at fair prices. The model generally has between 11 and 20 holdings. Last month, Reyes added a few new positions to the model, including Humana Inc (NYSE: HUM). According to their […]