S&P 500 1,978.34 -9.64
Gold$1,305.40 $11.00
Nasdaq 4,449.56 -22.55
Crude Oil $67,090.00      $530.00
Market Update

Stocks on Wall Street Rise on Earnings and Home Sales Data
Jul 22, 1:19 PM ET 
Stocks on Wall Street rebounded after latest batch of earnings were ahead of expectations. Existing home sales increased to an 8-month high. Chipotle Mexican Grill same store sales surged. McDonald’s quarterly net declined 1%. Comcast profit increased on Internet subscriber growth.
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Europe Earnings: ARM Holdings, AMS, Credit Suisse, IG Group, Publicis
Jul 22, 11:02 AM ET 
ARM Holdings net surged 88% to £118 million. AMS stop merger talk with Dialog Semiconductor. Credit Suisse net swung to a loss to 700 million francs. IG Group net jumped 4% to £3.4 million. Publicis net profit plunged 17% to €260 million.
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STOCK MOVERS

U.S. Movers: AK Steel, Allergan, BB&T, Halliburton, Hasbro, Steel Dynamics
Jul 21, 12:30 PM ET 
AK Steel agreed to acquire Severstal controlled steel plant in Michigan for $700 million. Allergan net so...
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U.S. Movers: AbbVie, GE, Google, Honeywell, IBM, Johnson Controls, VF Corp
Jul 18, 12:39 PM ET 
AbbVie agreed to acquire Shire for $54.8 billion. Bank of New York Mellon net plunged 33%. GE profit surg...
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U.S. Movers: Baker Hughes, Danaher, eBay, Morgan Stanley, SanDisk
Jul 17, 2:48 AM ET 
Baker Hughes net surged 47% on 8% increase of revenue. Danaher net jumped 9%. eBay profit advanced 6% and...
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U.S. Movers: Abbott, Bank of America, BlackRock, Intel, Time Warner, Yahoo
Jul 16, 12:19 PM ET 
Abbott net fell 2% but sales rose 2%. Bank of America net plunged 43% after litigation expenses. BlackRoc...
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U.S. Movers: Albemarle, Comerica, GS, JNJ, JPMorgan, Reynolds American
U.S. Movers: Aecom Tech, Citigroup, Mylan, Sothebys, Whiting Petroleum
U.S. Movers: Cray, Fastenal, PriceSmart, TRW, Whirlpool, Wells Fargo
U.S. Movers: CHC Group, Family Dollar, Gencorp, Progressive
U.S. Movers: Alcoa, AeroVironment, MSC Indl, ServiceNow, Seadrill, Salix
U.S. Movers: AbbVie, Delta Air, Mylan, Macquarie Infra, Zogenix

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

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 ...

Long and Short, Diversified Internationally
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...
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...
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.
Invesco Global Targeted Returns Fund
David Millar
Our investment approach is based on harnessing the power of diversification through an unconstrained research agenda. We want the freedom to look for risk-adjusted long-term returns across all asset types and classes regardless of geography.










EARNINGS CALENDAR

SYMBOL COMPANY NAME EARNNINGS AUDIO
ECONOMIC CALENDAR

INDUSTRY DATE TIME
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
Existing Home Sales 2014-07-22 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