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As the markets struggled with uncertainty this week, we initiated a model portfolio position in a name with strong international growth opportunities.
We are wrapping up our work on some new ideas and hope we to initiate some new model portfolio positions in the near future.
As stocks continued their march higher this week, we added shares to one model portfolio position and raised our rating on the name.
A new name joined the model portfolio this week just after we made a hasty exit from another holding.
Investors in Rowan Companies plc saw new options become available today, for the July 2014 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 243 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Stocks that traded below tangible book value have delivered handsome results over the past year. Is there still a buying opportunity?
The most recent short interest data has been released by the NASDAQ for the 10/31/2013 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
It was a quiet week for the model portfolio, but with earnings season behind us, we are looking forward to adding some new names.
Both of these names posted positive third-quarter earnings before today's market open. Here is our take on each.
Keeping with our high-conviction approach, we added shares to one holding while others fled irrationally.
North America is experiencing a resurgence in deepwater drilling and these two energy services companies are poised to benefit.
As earnings reports flowed and the market rally continued this week, we added shares to one model portfolio position.
As earnings season kicked into high gear this week, we added shares to one model portfolio holding.
Investors in Rowan Companies plc saw new options begin trading today, for the December 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the RDC options chain for the new December 21st contracts and identified one put and one call contract of particular interest.
Given the uncertain macro conditions, we are uneasy ahead of earnings season and remain wary about deploying our cash.
As we wrap up the third quarter, we will closely monitor our model portfolio holdings during the earnings pre-announcement window.
Investors in Rowan Companies plc saw new options begin trading today, for the November 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the RDC options chain for the new November 16th contracts and identified one put and one call contract of particular interest.
We are keeping an eye out for new opportunities but we made no changes to the model portfolio this week and we remain confident in our holdings.
The most recent short interest data has been released by the NASDAQ for the 08/30/2013 settlement date, which shows a 421,265 share increase in total short interest for Rowan Companies plc , to 4,490,473, an increase of 10.35% since 08/15/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
As volatility in the market increased this week, we did not make any adjustments to the model portfolio.
Stocks that are below tangible book value are getting harder to find. But here are four to consider.
Over the past 12 months, stocks trading below tangible book value outperformed the S&P 500.
Amid this week's reports of improved global macroeconomic news, we took profits in two model portfolio names ahead of their earnings calls.
During a week that tested the market's resiliency several times, we added shares to one model portfolio position on weakness.
It was a quiet week for the model portfolio, as the market took a beating from mixed economic data, earnings disappointments and weak retail sales.
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