Investor concerns diminished somewhat, and the major indexes rose slightly after falling each of the past two weeks. A very uneventful week, both domestically and internationally, to end the summer. Interesting to see what September will bring, as the “sell in May and go away” institutional investors begin returning to the market, although historically it is the month in which the U.S. stock market posts its largest declines.
Uneventful week for our stocks also. Price moves of most were very small, at least most in the direction of our positions. Some of the counter-positions (a result of the most recent analytic adjustments) are showing signs of recovery. With such insignificant price changes, very few new weekly highs/lows at this time and few trades.
Highlights: 3 new weekly highs in long positions. 4 stocks with double-digit long gains:
EVTC +12% BZH +22% LPSN +81% NEFF +135%
No new weekly lows among short positions. 1 stock with double-digit short gains:
EVH +32%