S&P 500 1,977.13 -1.78
Gold$1,300.80 $-7.00
Nasdaq 4,455.23 10.32
Crude Oil $66,920.00      $70.00
Market Update

Cautious Markets in New York and Europe After Tougher Russia Sanctions
Jul 29, 12:25 PM ET 
Stocks on Wall Street turned after the U.S. and Europe imposed tougher and wider sanctions on Russia controlled banks and banned the sale of military and oil production equipment. U.S. consumer confidence index reached a seven-year high and home prices rose at a slower pace in May.
>>
Merck and Pfizer Struggle with Sales; BP Net Climbs
Jul 29, 12:49 PM ET 
Aetna revenue surged 26% but net rose 2%. BP profit climbed 61%. Ecolab net surged 46% on 7% increase of revenue. Merck net soared 121% but sales fell. Pfizer net plunged 79% and revenue dropped 2%. United Parcel net tumbled 57.6% while revenue jumped 6%.
>>
STOCK MOVERS

U.S. Movers: Aetna, BP, Ecolab, Level 3, Merck, Pfizer, United Parcel
Jul 29, 12:50 PM ET 
Aetna revenue surged 26% but net rose 2%. BP profit climbed 61%. Ecolab net surged 46% on 7% increase of ...
>>
U.S. Movers: AbbVie, Amazon.com, Chubb, DTE Energy, Moody's, Starbucks
Jul 25, 8:46 AM ET 
AbbVie net jumped 3%. American Electric Power net soared 15%. Amazon.com net loss widened but revenue sur...
>>
U.S. Movers: 3M, AT&T, Bristol-Myers, Caterpillar, Eli Lilly, Ford, FB, GM
Jul 24, 8:01 AM ET 
3M net climbed 6%. AT&T net declined 8%. Bristol-Myers profit plunged 38%. Caterpillar net jumped but rev...
>>
U.S. Movers: Apple, Boeing, Dow Chemical, Glaxo, Microsoft, PepsiCo
Jul 23, 7:32 AM ET 
Apple net surged 12%. Boeing net soared 52%. Biogen net jumped 46%. Dow Chemical net tumbled 62%. GlaxoSm...
>>
U.S. Movers: Comcast, Coca-Cola, Du Pont, McDonald's, Netflix, Verizon
U.S. Movers: Cummins, Dollar Tree, Roper, RPM Intl, Tenneco, Zillow
U.S. Movers: AK Steel, Allergan, BB&T, Halliburton, Hasbro, Steel Dynamics
U.S. Movers: AbbVie, GE, Google, Honeywell, IBM, Johnson Controls, VF Corp
U.S. Movers: Baker Hughes, Danaher, eBay, Morgan Stanley, SanDisk
U.S. Movers: Abbott, Bank of America, BlackRock, Intel, Time Warner, Yahoo
Mutual funds Q&A

Private Equity Investing Approach with Stocks
Barrow All Cap Long Fund
David R Bechtel
We implement a proprietary private equity approach to uncover high-quality companies trading at temporary...

Attractive Returns in Underfollowed Companies
Neuberger Berman Intrinsic Value Fund
Benjamin H. Nahum
We tend to focus on out-of-favor companies and have found that markets inefficiently price companies that...

Contrarian View to Profit from Market Noise
361 Managed Futures Strategy Fund
Brian Cunningham
Since we launched the Fund in late 2011, the level of noise and volatility in the market has been in the ...
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...
Barrow All Cap Long Fund
David R Bechtel
We implement a proprietary private equity approach to uncover high-quality companies trading at temporary discounts to their intrinsic values. We scour the entire market on a regular basis for stocks that offer both quality and value in tandem. We call this investing at the intersection of quality and value.
Neuberger Berman Intrinsic Value Fund
Benjamin H. Nahum
We tend to focus on out-of-favor companies and have found that markets inefficiently price companies that are complex, cyclical or irregular in their growth.
361 Managed Futures Strategy Fund
Brian Cunningham
Since we launched the Fund in late 2011, the level of noise and volatility in the market has been in the bottom 20% of what we’ve seen going back fifteen years. We’ve still been able to produce returns that are toward the top of our category.
MainStay International Opportunities Fund
Andrew Ver Planck
Diversification plays a huge role in our fund and that’s one of our guiding principles. As a quantitative manager you tend not to have a high level of conviction in an individual security. You have conviction in baskets of securities.
Touchstone Investments
Steve Graziano
Back in 1980, 60% of mutual funds had a high Active Share, and that ratio declined to 15% to 20% by the end of the 90s.










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
AKS AK Steel Holding Corp$0.02
WDR Waddell & Reed Financial Inc$0.98
RAI Reynolds American Inc$0.89
CAS A.M. Castle & Co$(0.98)
AVX AVX Corp$0.24
ECONOMIC CALENDAR

INDUSTRY DATE TIME
FOMC Meeting Begins 2014-07-29 8:30 AM
Durable Goods Orders 2014-07-25 8:30 AM
Jobless Claims 2014-07-24 8:30 AM
New Home Sales 2014-07-24 10:00 AM
EIA Petroleum Status Report 2014-07-23 10:30 AM
Consumer Price Index 2014-07-22 8:30 AM
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc