• New Positions on Covestor (BCS, SWN)

    There has been a lot of movement Covestor Models this week, let’s take a look at some of the new positions our model managers have brought in.

    We discussed Vivian Lewis’ International Yield model a few weeks ago. This week, Lewis added Barclays PLC (NYSE:BCS) to her model. BCS provides financial services globally. The company has a relatively low price to earnings ratio, which means that its stock might not be too overpriced. Unfortunately, their earnings per share have decreased repeatedly over the past 4 years and dropped by more than 50% in 2009. Their stock price has been fairly rocky over the past three months.

    Model manager CJ Brott’s Macro Plus Income model has a 5-year time horizon and Brott uses proprietary investing models to make investment decisions in the model. This week, Brott added Southwestern Energy Co (NYSE:SWN). According to their website, SWN focuses mostly on the exploration, development and production of natural gas and crude oil in North America. Their shareholder equity declined slightly last year, but still shows a strong improvement over 2006 and 2007 numbers. In 2010, the company entered into an agreement with EXCO Resources, Inc. to sell some of their wells and gathering equipment. Immediately following the announcement of the sale in June, their stock price increased by about 20% (rising from the closing price of $36.79 on June 1st to a closing price of $44.99 on June 15th) but since then the price has dropped.

    Yolander Prinzel on 21 Jul 2010
    Article Tags: BCS, SWN

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