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Bank of New York Mellon Earnings

By |2013-01-21T10:33:04-05:00January 18th, 2013|Markets, Stocks|

Bank of New York Mellon, which we own in our Global Opportunities portfolio, reported earnings on 1/16/13 that were in line with estimates: INVESTMENT MANAGEMENT AND PERFORMANCE FEES UP 17% YEAR-OVER-YEAR ASSETS UNDER MANAGEMENT UP 10% YEAR-OVER-YEAR Net long-term inflows of $56 billion over last 12 months, $14 billion in 4Q12 ASSETS UNDER CUSTODY/ADMINISTRATION UP 9% YEAR-OVER-YEAR New wins of [...]

Global Opportunities New Highs

By |2012-12-19T12:44:30-05:00December 19th, 2012|Markets, Stocks|

12 of the 27 stocks held in our Global Opportunities portfolio are trading at or near their 52 week highs: ABC, AFL, AMGN, BAM, BIIB, BK, CELG, DASTY, KMB, LXP, V and BHP I think that is pretty remarkable. Most of these stocks we've owned for some time (some of them for years) and we aren't momentum traders so this [...]

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