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Initial Jobless Claims Decrease (SIRI, FCX, RRC, LULU)
The Labor Department’s Weekly Claims Report for initial unemployment claims showed that claims decreased by 17,000 last week. This was an encouraging development given all the concern about employment—or the lack thereof—during recent weeks after the unemployment rate was raised to 9.8 percent and initial jobless claims rose last week. To see the Labor Department’s ... read more
Positions Yolander Prinzel on 15 Dec 2010
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Markets Fall with Mortgage Applications and the Potential for Spanish Bond Downgrades (SAM, DD, JOYG)
The weekly mortgage application survey released by Mortgage Bankers Association today gave some bad news. The report (which you can read here) shows a decrease of 2.3 percent in mortgage applications seasonally and a 2.7 percent decrease from last week’s numbers. According to the Department of Labor, the Consumer Price Index increased by .1 percent ... read more
Uncategorized Yolander Prinzel on 15 Dec 2010
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New Positions on Covestor (SDRL, KTCC)
In her International Yield model, manager Vivian Lewis uses closed-end funds, stocks and preferred shares from countries outside the United States in order to create a portfolio with a target yield of 5 percent. Last week, she added offshore deepwater drilling company SeaDrill Ltd (NYSE: SDRL) to the model. After the company released their 2010 ... read more
Positions Yolander Prinzel on 15 Dec 2010
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MergerArb: Mergers and Takeovers (TLCR, AAI, LUV, BUCY, CAT)
The MergerArb model managed by Atlas Capital stays focused on US companies that are definite or potential takeover targets. Atlas Capital uses screening guidelines to choose which pre-takeover companies to add to the model. These guidelines consider liquidity, premium and share prices of the company. When a certain premium yield has been achieved or when ... read more
Manager Spotlight Yolander Prinzel on 14 Dec 2010
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Investors Unsure After Merger and Acquisition Shake-Ups (CSCO, DELL, CML, LGF, DNEX, TMO, WSHOY, GE)
While we have a slew of economic data coming this week, today gave us nothing but corporate acquisitions. Some of the major players in the merger and acquisition activity today included Cisco Systems Inc (NASDAQ: CSCO) who completed its acquisition of LineSider Technologies Inc., Dell Inc (NASDAQ: DELL) who announced their $960 million dollar acquisition ... read more
Uncategorized Yolander Prinzel on 14 Dec 2010
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U.S. Markets Rise Despite Reported Decrease in Mortgage Applications (YOKU, DANG, MA, FO, PEP)
There weren't many new economic revelations today. The Weekly Mortgage Applications Survey from Mortgage Bankers Association was released and it did not bring good news for the housing sector, although that wasn’t completely unexpected. According to the report (which you can find here), mortgage loan applications decreased by .9 percent last week. This is just ... read more
Uncategorized Yolander Prinzel on 14 Dec 2010
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New Positions on Covestor (GGAL, ARO, AGG)
In his Precedent-Based model, manager John Ward couples fundamental analysis with market timing strategies that he’s developed through a daily review of technical data. His main objective for the model is to minimize risk and to ignore the “noise” of Wall Street. Last week he added Grupo Financiero Galicia SA (NASDAQ: GGAL) to the model. ... read more
Positions Yolander Prinzel on 13 Dec 2010
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Five Percent Yield through Multiple Sectors (MSB, ARLP, CAT, BUCY)
In their Growth Plus Income model, managers BSG&L look for a target yield of 5 percent with bond ETFs and dividend-paying stocks. Their holdings can stretch across multiple sectors and investments. They target overweight sectors and look to income positions to reduce risk. Income producing positions are held in the model for at least as ... read more
Manager Spotlight Yolander Prinzel on 10 Dec 2010
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New Managers on Covestor (EZCH)
Gehman Capital Solutions, Ltd. was founded in 2005 by Gerald P. Gehman. Gerald’s goal was to search for securities at prices significantly below their long-term valuation level and buy them. He has more than 50 years experience in investing and looks for companies with a unique product in a growing industry. The Gehman Capital model ... read more
Manager Spotlight Yolander Prinzel on 9 Dec 2010
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New Positions on Covestor (EEM, PKX, CHT, EWU, GSG)
The International Equities model managed by Robert Giannini takes a quantitative and systematic approach to investing in international equities. The model hedges against downside risk from long exposure by using broad market ETFs. International Equities is rebalanced monthly and generally holds from three to ten international ETFs. When a position draws down more than 25 ... read more
Positions Yolander Prinzel on 9 Dec 2010
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