Here's why Covestor manager TenStocks likes Bank of America, Chipmos Technologies and Hutchinson Technology
BAC
76 posts
Manager: Conrad Leifur Model: S&P 500 Best of Breed The model returned 3.38% in April, roughly 0.5% ahead of the S&P 500. Positions that significantly outperformed their respective sectors and were therefore responsible for the outperformance were Intel (NASDAQ: INTC), Costco (NASDAQ: COST), Merck (NYSE: MRK), Sara Lee (NYSE: SLE), […]
Author: TenStocks Covestor model: TenStocks Disclosure: Long HTCH, BAC * See important disclosures We added a new investment to the TenStocks Covestor portfolio at the end of February. This brings our current holdings to five. We are now approx 60% invested and 40% in cash. The new investment is Hutchinson […]
Fortune Finance reported Friday that Bank of America (NYSE: BAC) was about to get serious about the measures it’s taking to revamp unpaid loans with its mortgage modification program and foreclosure activities. In order to do so, BAC has formed a new department, called the Legacy Asset Servicing Unit. This […]
*See important disclosures. In Mark Holder’s Opportunistic Arbitrage model, the goal is to look for positions with long-term growth possibilities as well as opportunistic situations that leave companies trading below their intrinsic value. Last month, Holder added Lincoln National (NYSE: LNC) to the model. In a recent post for Seeking […]
Financial stocks were hit hard today after Goldman Sachs (NYSE: GS) announced revenues that missed analysts’ expectations. On average, analysts had anticipated $39.49 billion in net revenues for 2010, but at $39.16 billion, GS’ actual results were lower. GS’s EPS was down from 2009 but did beat analysts’ expectations. That […]
The TenStocks model takes both a top down and a bottom up approach to creating a model with deep value and special situation investments. The model currently has four holdings and is long only. The top holding in TenStocks is Bank of America Corp (NYSE: BAC). BAC has had some […]
The National Federation of Independent Business (NFIB) issued its survey-based Small Business Economic Trends report today. The report shows that optimism among small business owners increased in October, though its numbers are still consistent with those of a recessionary economy. The 23-page report (which you can access in full here) […]
The National Association of Homebuilders released their Housing Market Index stats today and showed that the number of housing starts and building permits obtained in October had increased right along with builder confidence. One concern mentioned in the report (which you can access here) was that while consumers seem more […]
The Bureau of Labor Statistics released its Consumer Price Index Summary for September today (you can access the release here). The data shows a 1.1 percent unadjusted increase over the past 12 months and an increase of .1 percent during the month of September. The Census Bureau also released September […]
Investors got some negative news today on the never-ending seesaw of economic data. The Department of Labor’s weekly Unemployment Claims Report released today (which you can read here) showed an increase of 13,000 claims last week. Also released today were the September Producer Price Indexes (see them here). The index […]
The Department of Labor released their September Employment Situation Summary today. In the report they announced that the unemployment rate had remained unchanged during September and was still 9.6 percent. They also noted that private sector employment rose by 64,000. You can see the full report here. The U.S. Census […]