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July 2008

Recs

6

Strategy Lab Open / Portfolio Simulation

July 27, 2008 – Comments (1)

You may have heard of MSN’s Strategy Lab contest, but you may not be familiar with a parallel contest that ran for the last two rounds, the Strategy Lab Open.  The SLO winner earned a slot in the next round of the Strategy Lab.  SLO was a unique contest in that the winners were selected based on a combination of portfolio performance and the ability to explain the investment approach in a blog.   [more]

Recs

3

Well Done Wells Fargo

July 19, 2008 – Comments (2) | RELATED TICKERS: WFC

Wells Fargo (WFC) released second quarter results on 16 July and the market reacted very favorably.  They reported earnings of 53 cents a share, down from 67 cents in the year ago quarter, but 3 cents ahead of consensus estimates.  They also raised the dividend from 31 to 34 cents a share per quarter.  The stock price jumped over 30% from the previous days close.  At Wednesday’s closing price, the yield on the new dividend is 5%.   [more]

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