14 August, 2014 by The TZ Newswire Staff Comments Off on How Top Active Mutual Fund Managers Outperform
How Top Active Mutual Fund Managers Outperform
It’s been another tough year for the average actively managed mutual fund. Given the drag of higher expenses and the market’s propensity for head fakes, actively managed funds often have difficulty topping the broad stock market in the short run. And this year is no different. Through July 31, actively run U.S. stock funds gained 2.06% on average. Passively run U.S. stock index funds outperformed, gaining 2.99%.
14 August, 2014 by The TZ Newswire Staff Comments Off on Is Gilead’s Tricky Chart Tied To Political Nonsense?
Is Gilead’s Tricky Chart Tied To Political Nonsense?
About half of the Sector Leaders shown in the above charts are extended. Many of the bases also are later stage. Gilead Sciences (GILD) isn’t among the stale set. The most recent breakout was from a first-stage, cup-with-handle base. The buy point was 83.80. However, Gilead’s chart story is a little tricky. The breakout on June 30/July 1 came in below-average volume.
14 August, 2014 by The TZ Newswire Staff Comments Off on Perrigo Regains Some Lost Ground On Fiscal Q4 Beat
Perrigo Regains Some Lost Ground On Fiscal Q4 Beat
Drugmaker Perrigo (PRGO) beat Wall Street’s fiscal Q4 expectations Thursday, sending the stock sharply higher even though its fiscal 2015 guidance missed estimates. The stock rose 10.14 to 149.29, reclaiming its 50-day moving average in double the normal volume. Perrigo has lost its leadership status within the stock market, yet it still serves as a bellwether for the generics and nutritionals industry.
14 August, 2014 by The TZ Newswire Staff Comments Off on Berkshire Hathaway stock hits new milestone at $200,000
Berkshire Hathaway stock hits new milestone at $200,000
Class A shares of Berkshire, which have never been split, closed up $3,500, or 1.8 percent, at $202,850, giving the Omaha, Nebraska-based company a market value of more than $333 billion. The share price had earlier rose as high as $203,025. Berkshire’s share price has more than doubled since it first crossed the $100,000 barrier on Oct. 5, 2006. In the second quarter, Berkshire Hathaway posted a record $6.4 billion profit, helped by a stock swap and growing earnings in many businesses, on revenue of $49.76 billion.
14 August, 2014 by The TZ Newswire Staff Comments Off on JC Penney shares surging as sales rebound
JC Penney shares surging as sales rebound
JC Penney shares are up more than 10% after reporting earnings that beat expectations. They reported a second quarter loss per share of $0.56, less than the $0.90 per share loss expected by analysts.
14 August, 2014 by The TZ Newswire Staff Comments Off on Nasdaq investigating issue with stuck orders
Nasdaq investigating issue with stuck orders
Nasdaq said on Thursday it is investigating issues with “stuck orders” and has identified the problem that is generating them. The exchange said new orders are not currently being affected. According …
14 August, 2014 by The TZ Newswire Staff Comments Off on Brent Oil Rises Off 13-Mo. Low; WTI Crude Gains
Brent Oil Rises Off 13-Mo. Low; WTI Crude Gains
Brent oil rose from a 13-month low on speculation prices decreased more than justified given supply threats and the ability to ship excess barrels. West Texas intermediate advanced. Futures climbed 1.2% in London after falling below $103 for a second day. Brent has slipped in the past month as Libyan and West African production has rebounded.