-
U.S. Markets are mixed as Investors await FOMC Minutes and Third Quarter Financials (GYMB, NYT)
It was a bumpy day for U.S. markets, even though the bumps were relatively small. For the majority of the day, the Dow Jones Industrial Average remained just above 11,000, but about 30 minutes before the close, it fell to roughly 10,978. Some momentum was regained in the final minutes and the Dow ended up ... read more
Uncategorized Yolander Prinzel on 12 Oct 2010
-
The Dow Breaks 11,000 for the First Time since May (GPS, AA, BAC)
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 Bureau issued their August Wholesale ... read more
Uncategorized Yolander Prinzel on 12 Oct 2010
-
New Positions on Covestor (LGF, MFE, INTC)
In the MergerArb model, manager Atlas Capital looks for potential takeover targets and, depending on their liquidity and share price, considers adding them to the model. This week they added two positions. The first was Lions Gate Entertainment Corp (NYSE: LGF). For months, Lions Gate has been attempting to merge with indebted studio Metro Goldwyn ... read more
Positions Yolander Prinzel on 8 Oct 2010
-
New Positions on Covestor (IVAC, MCRL, SPXU, SIFY)
Model manager GEARS added two new positions to the Speedboat model this week. The first, Intevac Inc (NASDAQ: IVAC), is a developer of cameras, low-light electro-optical sensors and imaging systems. Their second quarter 2010 financial results showed a 107 percent increase in total revenues over the same period the previous year, which was the six ... read more
Positions Yolander Prinzel on 8 Oct 2010
-
U.S. Markets Still Mixed Despite Lower Jobless Claims (PEP, AA, MAR, PLD)
The Labor Department released their initial jobless claims for the week of October 2nd today (you can see the full report here). Claims decreased by 11,000, beating analysts' expectations. This also reduced the 4-week moving average by 3,000. In more economic news, the Federal Reserve released their August 2010 Consumer Credit report (which you can ... read more
Uncategorized Yolander Prinzel on 7 Oct 2010
-
A Momentum Model with ETFs (BRF, EWM, PIN)
In the Rebound MF model, manager Rebound Trading uses technical analysis to choose up to seven larger cap, more-than-average-volume ETFs for the model. A stop loss order is placed on each ETF in the model. The top position in the model is Market Vectors Brazil Small Cap ETF (BRF), an ETF that attempts to mirror ... read more
Manager Spotlight Yolander Prinzel on 7 Oct 2010
-
New Positions on Covestor—October 5th, 2010 (CIB, BLK)
A few weeks ago we talked about the Technical Swing model on Covestor--a model that attempts to take advantage of short-term price swings—and the new positions manager Michael Arold added to the model. This week, Arold added two more. The first was BanColombia SA (NYSE: CIB), a bank with clients in the U.S., Spain, the ... read more
Positions Yolander Prinzel on 6 Oct 2010
-
U.S. Markets Mixed after Depressing Employment Data (MEE, CRM, PM, GE)
After impressive gains yesterday, U.S. markets were mixed on Wednesday. The Dow Jones Industrial Average closed up 22.70 points to 10,967.42 while the Nasdaq fell 19.17 points to 2,380.66. The S&P 500 also closed lower, falling .83 points to 1,159.92. While we got some good news yesterday about the manufacturing sector and the steps Japan's ... read more
Uncategorized Yolander Prinzel on 6 Oct 2010
-
New Managers on Covestor (AGO, SGEN, PFF, UFPT)
Steven Castellano of Ascendere Associates is a graduate of Babson College. He has more than 15 years of experience in finance and analytical consulting studies and during that time, has developed fundamental equity valuation models and basic quantitative models to generate stock ideas. His model with Covestor, Systematic Long Only, combines public data, consensus estimates ... read more
Manager Spotlight Yolander Prinzel on 6 Oct 2010
-
Algorithms and Market Inefficiencies (UFPT, WXCO)
The Focus Value model, managed by Analytic Investment, uses algorithms to help them take advantage of mispricing opportunities due to market inefficiencies. The algorithms assist by continually computing a relative value for stocks based on their fundamental factors, which allows the model managers to quickly spot price-based opportunities brought on by market inefficiencies and buy ... read more
Manager Spotlight Yolander Prinzel on 6 Oct 2010
Must reads
-
The real lesson of the 2010 flash crash
Market turbulence is something that can be embraced ...
-
Don't try to time this chaotic market
What keeps us awake at night still is ...
-
Facebook's pointless IPO fear
Some advice for Mark Zuckerberg as he takes ...
Follow us