S&P 500 2,037.30 -76.02
Gold$1,224.80 $5.30
Nasdaq 4,707.98 -202.06
Crude Oil $60,490.00      $-1570.00
Market Update

U.K. Voters Prefer to Leave European Union, Pound Plunges 10%
Jun 24, 1:19 PM ET 
World markets dived and the U.K. pound plunged 10% after voters in the U.K. favoured to leave the European Union. London Stock Exchange and Deutsche Börse are committed to merger agreement of $20 billion. Henkel agreed to acquire the U.S.-based Sun Products €3.2 billion.
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American Software Net Jumps; Sonic, Finish Line Net Plunge
Jun 24, 12:31 PM ET 
American Software net soared 32%. Finish Line net plunged 30% and lifted comparable store sales outlook. Synnex net slumped 15% but revenues 4%. Sonic profit declined 25%.
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STOCK MOVERS

U.S. Movers: Accenture, BlackBerry, Bed Bath & Beyond, Red Hat
Jun 23, 1:02 PM ET 
Accenture net surged 11% and the information services provider lifted earnings forecast. BlackBerry net s...
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U.S. Movers: American Software, Finish Line, Synnex, Sonic
Jun 24, 12:32 PM ET 
American Software net soared 32%. Finish Line net plunged 30% and lifted comparable store sales outlook. ...
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U.S. Movers: Actuant, Adobe, FedEx, KB Home, SiteOne Landscape, Tesla
Jun 22, 12:43 PM ET 
Actuant net plunged 44%. Adobe Systems net surged 66% on 20% jump in revenues. FedEx net loss narrowed an...
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U.S. Movers: Boeing, GE, CarMax, Impax Labs, Lennar, OSI Systems
Jun 21, 2:58 AM ET 
Boeing signed an agreement with Iran Air to sell its jetliner aircrafts. GE plans to sell its remaining s...
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U.S. Movers: Elliott Mngt, Federal-Mogul, Marathon Oil, Twitter, Wal-Mart
U.S. Movers: Finisar, Oracle, Revlon, Smith & Wesson, Viacom, Wal-Mart
U.S. Movers: Clarcor, Jabil Circuit, Kroger, Korn-Ferry Intl, Rite Aid
U.S. Movers: Bob Evans, Johnson Publishing, Turning Point Brands
U.S. Movers: Isle of Capri Casinos, John Wiley, Motorcar Parts of America
U.S. Movers: Microsoft, Dr.Reddy's, Symantec, Science Applications, Synutra

EARNINGS CALLS TRANSCRIPTS

Apple Fiscal Third Quarter Earnings Call Highlights
Jul 30, 3:28 AM ET>
Apple Inc said third quarter revenues increased 23% to $35 billion and earnings jumped 21% to $8.8 billio...
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lululemon athletica First Quarter Earnings Call Highlight
Jun 13, 9:01 AM ET>
The expensive apparel retailer lululemon athletica said first quarter revenues rose 53% to $285.7 million...
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Dollar General Earnings Call Highlights
Lowe’s First Quarter Earnings Call Highlights
Home Depot First Quarter Earnings Call Highlights
Visa Inc. Second Quarter Earnings Call Highlights
MasterCard Inc First Quarter Earnings Call Highlights
Mutual funds Q&A

Harnessing the ROTA/ROME Ratio
Cognios Market Neutral Large Cap Fund
Gary DiCenzo, Jonathan Angrist
“Our core belief is that using ROTA/ROME® is the best way to determine whether a particular investment sh...

Long/Short for Stability
Logan Capital Long|Short Fund
Stephen Lee, Guy Judkowski
“The Fund combines Logan Capital’s large cap long-only expertise with Waterloo International’s shorting c...

Consistent Returns in Announced Mergers
SilverPepper Merger Arbitrage Fund
Steven R. Gerbel
“You have to be prepared for the illogical randomness that may occur and to always be cognizant of the wo...
MANAGEMENT TALK Q&A

Defined in Holdings and Time Periods
Rich Stewart
What we say in the UIT industry is that you know what you own because there’s transparency; you know exac...

Stratified Returns
It’s a simple methodology and what it does is it basically selects the top scoring 75% of the market and ...

Evolving the Alternative Landscape
Dick Pfister
We provide access and we monitor alternative investment managers. This provides comfort to the investment...
Cognios Market Neutral Large Cap Fund
Gary DiCenzo, Jonathan Angrist
“Our core belief is that using ROTA/ROME® is the best way to determine whether a particular investment should be made. Using these metrics helps us identify which stocks to own and when they are trading at attractive prices.”
Logan Capital Long|Short Fund
Stephen Lee, Guy Judkowski
“The Fund combines Logan Capital’s large cap long-only expertise with Waterloo International’s shorting capabilities to create a portfolio designed to achieve long-term capital appreciation with less volatility than the market.”
SilverPepper Merger Arbitrage Fund
Steven R. Gerbel
“You have to be prepared for the illogical randomness that may occur and to always be cognizant of the worst case scenarios when trying to determine downside risks and prices.”
Oppenheimer Fundamental Alternatives Fund
Michelle Borré
“We invest long and short across asset classes seeking out opportunities the market may not have yet recognized in order to deliver returns with low sensitivity and volatility relative to traditional markets, helping investors to achieve greater diversification in their own portfolios.”
Hood River Small-Cap Growth Fund
David Swank
“Earnings estimates for small-cap companies have more errors in them, which creates an opportunity. We use fundamental research to identify companies that are misunderstood and underappreciated by other investors.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Housing Starts 2016-06-17 8:30 AM
Jobless Claims 2016-06-16 8:30 AM
Consumer Price Index 2016-06-16 8:30 AM
Current Account 2016-06-16 8:30 AM
Producer Price Index [PPI] 2016-06-15 8:30 AM
Industrial Production 2016-06-15 10:00 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc