S&P 500 1,970.06 0.11
Gold$1,298.20 $-3.60
Nasdaq 4,463.50 20.80
Crude Oil $67,220.00      $100.00
Market Update

Stocks on Wall Street Trade Lower Despite Second Quarter Economic Rebound
Jul 30, 1:53 PM ET 
Stocks on Wall Street edged lower after the initial estimate of the second quarter economic growth came in at 4%. Markets turned lower ahead of Fed statement in the next hour and corporate earnings were mixed. Twitter soared 21% on larger than expected advertising revenues.
>>
U.S. GDP Rebounds 4% After Harsh Winter Quarter
Jul 30, 1:56 PM ET 
The first estimate of the U.S. economic growth in the second quarter came in at 4%, reversing the revised contraction of 2.1% in the winter quarter. The increase in inventories, rising cosumer spending and expansion in government spending at all levels contributed to the surge in annual rate.
>>
STOCK MOVERS

U.S. Movers: Amgen, CBRE, Global Payments, Humana, Twitter, WellPoint
Jul 30, 12:17 PM ET 
Amgen net and revenue climbed. CBRE Group net soared 51%. Humana net tumbled 18% but revenue surged 18%. ...
>>
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
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

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...
>>
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...
>>
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

Private Equity Investing Approach with Stocks
Barrow All-Cap Core Fund, Barrow All-Cap Long Short 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 Core Fund, Barrow All-Cap Long Short 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
PSXP Phillips 66 Partners LP$0.41
MMYT MakeMyTrip Ltd$0.004
AUO AU Optronics Corp.$0.14
BEN Franklin Resources Inc$0.92
INOD Innodata Inc$(0.03)
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Gross Domestic Product [GDP] 2014-07-30 8:30 AM
EIA Petroleum Status Report 2014-07-30 10:30 AM
FOMC Meeting Announcement 2014-07-30 2:00 PM
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
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc