In his Fundamental Growth model, manager Gerald Sparrow looks for companies that have grown their sales, earnings and cash flows over time and that have established their ability to survive varying economic cycles. This week, he added three new positions to his model. The first was Polo Ralph Lauren Corp […]
NFLX
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The following trades were made in Covestor Model Manager accounts on September 22nd: Covestor Model Manager Craig Steury traded ICON in their Model Algorithmic Trading Covestor Model Manager Rebound Trading traded LQD in their Model Rebound ETF Covestor Model Manager Timothy Sykes traded REDF in their Model Contra Hype Covestor […]
Model Manager trade activity, September 20th 2010 Covestor Model Manager Rebound Trading traded PFF in their Model Rebound ETF Covestor Model Manager Rebound
Another month, another failed rally. On the S&P 500, it is the fifth time since May this index has bounced off of the psychological “tax” or 1040 support line. A break below this may find the index down to 1000. Leadership did show up as cloud computing stocks...
The Institute for Supply Management released their August 2010 manufacturing report today, and the report shows that 11 of 18 total manufacturing industries grew in August. Additionally, PMI (the Purchasing Managers Index) rose to 56.3 in August. PMI is considered an important economic indicator because its number can indicate the […]
The number of new unemployment claims fell by 31,000 last week according to a report by the U.S. Department of Labor. The reduction in claims was not substantial enough to indicate a strong improvement in the economy or job market, but it is good news nonetheless. The four-week moving average […]
The small cap portfolio benchmark, the Russell 2000 Growth Index dropped over 6.7% during the month of June (Russell Website). We have previously noted that we feel our philosophy of owning quality stocks with earnings momentum at a reasonable price provides significant support during times of volatility. In our opinion, […]