Tactical Update
Apple was rebalanced to target weight after dropping below technical support. Click here to sign up for our free weekly e-newsletter. For information on Alhambra Investment Partners’ money management services and global portfolio approach to capital preservation, Douglas R. Terry, CFA is reachable at: dterry@alhambrapartners.com
Trend Watcher – End of Quarter Window Dressing Ahead
Joseph Gomez, Sr. Investment Adviser and Portfolio Manager As we close out the quarter next week, expect to see plenty of window dressing as portfolio managers want their clients to see that they have stocks on the books during such a strong quarter for the market. Window Dressing is a strategy used by mutual fund and portfolio managers .. read more
Trend Watcher – Skepticism keeps the rally going
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. .. read more
Trend Watcher – Nasdaq, Apple and Dow Hit Milestones
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 .. read more
Trend Watcher – Are You Missing Out?
Joseph Gomez, Sr. Investment Advisor and Portfolio Manager Of the nineteen economic indicators released this week, nine were weaker than expected, eight were stronger, and two were in line. Once again this week, strength was concentrated in employment and housing related indicators. Thursday’s initial jobless claims report showed that the nation’s employment picture continues to improve. In terms of expectations, this week’s total of 348K .. read more
Trend Watcher – YTD Performance and Earnings Review
Joseph Gomez, Sr. Investment Advisor Companies are clearly having a tougher time living up to analyst expectations this season. Currently, only 58 percent of companies have managed to beat estimates. Even though we are in the middle of earnings season, analysts have continued to lower their earnings estimates at a quickening pace. There is a factor of .. read more
Apple’s earnings were “breathtaking”…
Posted by Joseph Gomez Notes of interest from Apple’s Q1 2012 conference call By AppleInsider Staff Published: 05:00 PM EST (02:00 PM PST) Apple on Tuesday posted a massive holiday quarter with record sales of more than 37 million iPhones, 13.5 million iPads and 5.2 million Macs. Following the news, Apple executives participated in a conference call with analysts .. read more
Trend Watcher – 2012 Expectations
Joseph A. Gomez, Sr. Investment Advisor Will 2012 be a repeat of “Sell in May and Go Away”? Collectively, strategists are expecting the S&P 500 to finish 2012 at 1,350, which would be a gain of over 7%. HSBC has a year-end 2012 price target of 1,190 (down 5+%). Goldman Sachs is expecting the S&P 500 .. read more
