Despite an earnings report that beat consensus estimates, and despite a stock buyback plan initiated on June 24th (usually positive for a stock), Adobe Systems stock, ADBE, has come crashing down since its earnings announcement on June 23rd. While news of Adobe’s lack of Flash support on most phones, most notably the iPhone, has added to the selling pressure, [...]

The Global Opportunities model portfolio has recently been updated. Changes to the model include as follows:
Buy Boardwalk Pipeline Partners BWP
     Raise from 0.0% to 3.0%  
Buy Enersis ENI
     Raise from 0.0% to 4.0% 
Buy Lexington Corp. LXP
     Raise from 0.0% to 3.0% 
Sell St. Joe Corp. JOE
     Entire Position
Sell Intel Corp. INTC
     Entire Position
Sell Potash Corp. POT
     Entire Position
Sell Cash
      Reduce from 2.12% to 2.08%
 
For the complete [...]