S&P 500 2,438.30 2.69
Gold$1,224.80 $5.30
Nasdaq 6,265.25 31.30
Crude Oil $60,490.00      $-1570.00
Market Update

Bed Bath & Beyond Drops to 7-Year Low, BlackBerry Swings to Profit
Jun 23, 12:02 PM ET 
Apogee net dropped but revenues jumped. AVEO Pharma surged on the approval of its cancer drug in Europe. Bed Bath & Beyond stock dropped to a 7-year low. BlackBerry net swung to profit. Siris Capital offered to acquire Synchronoss for $835 million.
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After 7 Years Allied Irish Listed Again, Rio Tinto Repurchases $2.5 B Bonds
Jun 23, 10:43 AM ET 
The Irish government sold 25% stake in Allied Irish Banks to raise €3.4 billion in the initial public offering. Spain-based OHL is looking to sell 40% stake in subsidiary and reduce debt. Rio Tinto bought back $2.5 billion of bonds.
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STOCK MOVERS

U.S. Movers: Apogee, Bed Bath & Beyond, BlackBerry, Forestar, Sonic, Synnex
Jun 23, 12:02 PM ET 
Apogee net dropped but revenues jumped. AVEO Pharma surged on the approval of its cancer drug in Europe. ...
>>
U.S. Movers: Accenture, Barnes & Noble, Carnival, Oracle, Staples
Jun 22, 12:30 PM ET 
Accenture issued weak fiscal forecast. Barnes & Noble revenues declined 6%. Carnival lifted earnings fore...
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U.S. Movers: Actuant, Adobe, FedEx, CarMax, Korn/Ferry, Red Hat, Winnebago
Jun 21, 11:26 AM ET 
Actuant declined after the industrial products maker lowered fiscal outlook. Adobe reported better than e...
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U.S. Movers: Boeing, CAI International, Freshly, Lennar, Parexel
Jun 20, 3:18 AM ET 
Boeing revised higher its industry outlook for the next decade. CAI International lifted second-quarter f...
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U.S. Movers: AerCap, EQT, Hess, Lockheed Martin, MB Aerospace, Stryker
U.S. Movers: Amazon, Google, Booz Allen, Finisar, Wal-Mart
U.S. Movers: Alere, Bob Evans, CSW Industrials, Jabil Circuit, Kroger
U.S. Movers: Culp, H & R Block, Liberty Tax, Motorcar Parts of America
U.S. Movers: Axovant Sciences, Gymboree, John Wiley, Tidewater, Verizon
U.S. Movers: Golden Entertainment, GE, Hamilton Lane, Honeywell, SAIC
Mutual funds Q&A

Unanticipated Acceleration in Returns
Oppenheimer Mid Cap Value Fund
Laton Spahr, Eric Hewitt
“We believe that the value of a public equity is as much driven by behavior and narrative as it is by cas...

Pairing Active Managers for Alpha Generation
Wilshire Small Company Growth Fund
Nathan Palmer
“Our job is twofold: hiring great subadvisors and structuring them in a complementary way to leverage the...

High-Quality Businesses With Short-Term Valuation Opportunities
Madison Small Cap Fund
Timothy McCormack, Shaun Pedersen
“Our perception is markets that are efficient over the long run will ultimately reflect the economic valu...
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...
Oppenheimer Mid Cap Value Fund
Laton Spahr, Eric Hewitt
“We believe that the value of a public equity is as much driven by behavior and narrative as it is by cash flow and interest rates.”
Wilshire Small Company Growth Fund
Nathan Palmer
“Our job is twofold: hiring great subadvisors and structuring them in a complementary way to leverage the best elements of Modern Portfolio Theory, which combines asset classes that are not perfectly correlated to seek positive return and decrease risk.”
Madison Small Cap Fund
Timothy McCormack, Shaun Pedersen
“Our perception is markets that are efficient over the long run will ultimately reflect the economic value of the underlying business, but when investors are focused on less relevant short-term data points, they are inefficient.”
Aberdeen U.S. Small Cap Equity Fund
Ralph Bassett
“Over time, our objective is to provide our clients with more consistency in performance and greater downside protection – the businesses in our portfolio may not be the most exciting, but neither are they deeply cyclical.”
Russell U.S. Small Cap Equity Fund
Megan Roach
“Our goal for portfolio construction is to express our primary belief that bottom-up stock selection by talented active managers is the most reliable and consistent source of excess return. We want this to be the key driver of risk and return in the fund.”










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
Durable Goods Orders 2017-06-26 8:30 AM
New Home Sales 2017-06-23 10:00 AM
Jobless Claims 2017-06-22 8:30 AM
Existing Home Sales 2017-06-21 10:00 AM
EIA Petroleum Status Report 2017-06-21 10:30 AM
Current Account 2017-06-20 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