Joseph Gomez, Sr. Investment Advisor and Portfolio Manager Apple was, once again, the star performer in client accounts last week, rising 7.41% and hitting another milestone - $600 per share. The rapid increase in AAPL’s share price has also caused a bit of a problem for analysts, as the stock keeps catching up with their price targets. Right now, the lowest price [...]
I don't even feel compelled to write anything...these parting words say it all. Op-Ed to the NYT from departed Goldman Executive Director, Greg Smith, Why I am Leaving Goldman Sachs: To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Today, if you [...]
Joseph Gomez, Sr. Investment Advisor As of today, the S & P 500 is up 11% for 2012, a 4 year high. I believe we are within weeks/months from the point where investors will exit the "dis-belief stage" of a bull market (marked by historically low volumes) to the "acceptance stage" (marked by increased volume and an asset allocation adjustment out [...]
As expected, the S&P 500 corrected slightly in the beginning of the week, but succeeded in only finishing down three straight days before a rally pushed the index back close to the highs. As for the small cap stocks, the Russell 2000 fell back to its 50-day moving average, before bouncing off its upward trendline. The small cap index has [...]
Joseph Gomez, Sr. Investment Advisor and Portfolio Manager Up until this Tuesday, the S&P 500 had closed in overbought territory (more than one standard deviation above its 50-day MA) every single day this year. The 1.5%+ decline on Tuesday moved the S&P 500 back into “neutral” territory for the first time in 43 trading days. While the S&P 500 is right at [...]
The markets were once again higher this week, as the Dow Industrials hit the 13,000 level and the Nasdaq Composite hit 3000, levels not seen in years. The S&P 500 also hit multi-year highs, on its way to the best 2-month start to any year. This might all change soon with Bernanke's announcement on inflation and monetary easing. The VIX [...]
On Tuesday, the Dow Jones Industrial Average crossed and closed above 13,000 for the first time since 2008. Not to be outdone, on Wednesday the Nasdaq traded above 3,000 for the first time since 2000. Although the index quickly fell back below 3,000 and never closed above that level, an eleven year high is nothing to sneeze at. AAPL, which might as well be its own index [...]
Joseph Gomez, Sr. Investment Advisor and Portfolio Manager I just paid $4.29/gal for premium fuel in Coral Gables, Florida. How much are you paying in your part of the country or world? (Please use our comment section below.) This is one of the drawbacks of a strong(er) economy. On many occasions during our Investment Committee meetings, I opined on [...]
At Alhambra, as Joe Calhoun wrote last month, we embrace the merits of both value and momentum in investing. The decision to buy value or momentum, though, should not be made in isolation. At Alhambra, our tactical strategies embrace long term investment solutions which incorporate value and momentum decisions based, first, upon our analysis of fundamentals and the monetary and [...]
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