In an effort to strengthen the progress of the country's economic recovery, the Bank of Japan discussed plans for quantitative easing, which included a $59.7 billion program to increase liquidity in the financial sector by buying assets. In addition, they lowered their overnight rate to …
2010 Archive
European Travel Faces Setback while New Manufactured Goods Orders Falter (V, MA, SLE)
The Census Bureau released the August 2010 Full Report on Manufacturers’ Shipments, Inventories and Orders today. It turns out that new orders of manufactured goods were down .5 percent in August. During the prior month, orders had risen .1 percent—still, analysts expected them to fall …
New Positions on Covestor (SIRI, VXX, VMW)
John Ballard’s Mid-Cap Fundamentals model focuses on the best companies in under-capitalized sectors. Ballard uses a fundamental approach and looks for strong balance sheets and high returns on capital. Recently, he added Sirius XM Radio Inc (NASDAQ: SIRI) to the model. SIRI’s total assets dropped …
Industry of Supply Management Shows Economic Growth in September (MSFT, F, CVD)
The first trading day of October laid a good foundation for the month after the release of some positive news from the Institute of Supply Management via their September 2010 manufacturing report. The report showed that economic activity within the manufacturing sector grew in September, …
New Managers on Covestor (MSFT, DELL, JNJ, IGOV, IWM)
This week we have two new Covestor model managers to introduce to you. The first is Ryan Leggio, a research analyst in the financial services industry. His Intrinsic Value model is focused on investing in above average companies that are at a below average price. …
High Quality Companies with Dividends (MA, XOM, CVX)
The Domestic Dividend model from Harvest Financial Partners is comprised of high quality companies that pay dividends and are well managed. The top position in the model, MasterCard Inc (NYSE: MA), had a dividend yield of .27 percent on September 29th, 2010. In 2009, the …
Spain’s Debt is Downgraded and U.S. Markets Feel Global Economic Concerns (POT, NOK, JNJ)
There was good news on the unemployment front this week. The Department of Labor’s weekly unemployment claims report (which you can read here) reported a 16,000 claim decrease for the week ending September 25th. Unfortunately, the good news from the Labor Department did not do …
European Debt Downgrades and Economic Insecurity Leave Investors Wary (FDO, EQT, NWSA, GMCR)
Family Dollar Stores Inc (NYSE: FDO) announced their 2010 fiscal year financial results today. According to the report, the company's sales increased by 6.3 percent in 2010. Net sales in the fourth quarter of 2010 rose 8 percent over the results of the same period …
Secrets of a Top Performer Webinar with Dan Plettner (MNP, SLS, IDE, PGP)
Did you miss yesterday's Secrets of a Top Performer webinar with Dan Plettner? Watch the video here Dozens of atendees joined us as Dan explained Closed End Funds and the various strategies he employs in his Covestor models. In addition, Dan discussed four specific holdings …
Interview with Covestor Model Manager Mark Holder (AER, RVBD, FCX, LIWA, MEE, PUDA, ANR, TEX, LULU, MMYT, TSLA, RVBD)
As of September 27th, 2010, manager Mark Holder’s Opportunistic Arbitrage model has enjoyed a 22.56 percent return since its inception in February 2010. Holder uses a variety of strategies to achieve this return, including investing in IPOs and beaten down sectors. We talked to him …