Welcome!

News Feed Item

Capital Markets Stocks Technical Review -- Fortress Investment, BlackRock, Legg Mason, Eaton Vance, and Prospect Capital

Editor Note: For more information about this release, please scroll to bottom.

LONDON, August 8, 2014 /PRNewswire/ --

On Thursday, August 07, 2014, the NASDAQ Composite ended at 4,334.97, down 0.46%, the Dow Jones Industrial Average finished the day 0.46% lower at 16,368.27, and the S&P 500 closed at 1,909.57, down 0.56%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 298.11, down 0.53%, and the index has declined 3.55% in the last one month. Investor-Edge has initiated coverage on the following equities: Fortress Investment Group LLC (NYSE: FIG), BlackRock Inc. (NYSE: BLK), Legg Mason Inc. (NYSE: LM), Eaton Vance Corporation (NYSE: EV), and Prospect Capital Corporation (NASDAQ: PSEC). Free research on these five companies can be accessed at:  

http://investor-edge.com/register

On Thursday, shares in Fortress Investment Group LLC recorded a trading volume of 0.78 million shares, lower than its three months average volume of 1.22 million shares. The stock finished the day at $7.50, down 0.66%, and registered an intraday range of $7.49 and $7.61. Shares of Fortress Investment Group LLC have advanced 0.27% in the last one month and 7.60% in the past three months. However, the stock has lost 12.38% on YTD basis. Furthermore, the company's shares are trading below their 50-day and 200-day moving averages. The stock's 200-day moving average of $7.87 is above its 50-day moving average of $7.51. Additionally, shares of Fortress Investment Group LLC traded at a PE ratio of 10.00 and have a Relative Strength Index (RSI) of 52.39. Sign up and read the free notes on FIG at:

http://www.Investor-Edge.com/FIG-08Aug2014

BlackRock Inc.'s stock fell by 0.35%, to close Thursday's session at $302.97, after oscillating between $301.52 and $307.74. The stock recorded a trading volume of 0.43 million shares, below its three months average volume of 0.56 million shares. Over the past three trading sessions and last one month, BlackRock Inc.'s shares have declined 0.79% and 5.67%, respectively. Also, from the beginning of 2014, the stock has lost 4.27%. The stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $314.49 is above its 200-day moving average of $306.95. Further, BlackRock Inc.'s stock traded at a PE ratio of 17.23 and has an RSI of 37.27. The complimentary notes on BLK can be downloaded as in PDF format at:

http://www.Investor-Edge.com/BLK-08Aug2014

Legg Mason Inc.'s stock fluctuated between $47.00 and $48.10 before ending Thursday's session down 1.15%, at $47.13. The stock reported a trading volume of 0.79 million shares, close to its three months average volume of 0.81 million shares. Further, Legg Mason Inc.'s shares have fallen by 7.79% over the last one month and 0.36% over the past three months. However, the stock has rallied 8.39% on YTD basis. The company's shares are trading above their 200-day moving average. The stock's 50-day moving average of $50.16 is greater than its 200-day moving average of $45.28. Moreover, shares of Legg Mason Inc. traded at a PE ratio of 19.64 and have an RSI of 38.21. Register for free on Investor-Edge and access the latest research on LM at:

http://www.Investor-Edge.com/LM-08Aug2014

On Thursday, Eaton Vance Corp.'s stock finished the session 0.73% lower at $35.33. A total of 0.64 million shares were traded, which was below its three months average volume of 0.89 million shares. The stock moved between $35.24 and $35.83 during the session. Over the last one month and past three months, Eaton Vance Corp.'s shares have fallen by 7.05% and 2.73%, respectively. Also, the stock has plummeted 17.43% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $38.69 is greater than its 50-day moving average of $37.09. Shares of Eaton Vance Corp. traded at a PE ratio of 15.70 and have an RSI of 39.68. The complete research on EV is available for free at:

http://www.Investor-Edge.com/EV-08Aug2014

Prospect Capital Corp.'s stock declined 0.28%, to close Thursday's session at $10.62, after vacillating between $10.58 and $10.69. The stock recorded a trading volume of 2.32 million shares, below its three months average volume of 6.09 million shares. Over the last one month and from the beginning of 2014, Prospect Capital Corp.'s shares have lost 1.12% and 5.35%, respectively. However, over the past three months, the stock has gained 4.12%. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $10.87 is above its 50-day moving average of $10.45. Further, Prospect Capital Corp.'s stock traded at a PE ratio of 8.31 and has an RSI of 48.92. Free in depth research on PSEC is available at:

http://www.Investor-Edge.com/PSEC-08Aug2014

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

===============

EDITOR'S NOTES:

===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Investor-Edge.com

SOURCE Investor-Edge

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of companies worldwide-from publishers and broadcasters, to enterprises, marketing agencies and household-name brands. Building on its established design leadership, Adobe enables customers not o...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software sec...