Regular readers will be aware that we have been taking capital off the table in the last couple of weeks and reducing positions. A short position was in fact incepted on the FTSE at 6270 although this was only small. We prefer to play a correction via the options market – particularly with volatility so…
Bernstein’s Pierre Ferragu today also came around to the bull story, upgrading Blackberry to an Outperform rating and slapping a $22/share price target on the stock which compares with $13.70 at present. Ferragu believes that Blackberry should trade in the $20-25 range once a decent launch for Blackberry 10 and a stabilised trajectory for FY2014 are…
Monday, February 4, 2013 UK Reporting:- 888 Holdings Plc, 888, (R), Randgold Resources Ltd, RRS, e, (CC), Randgold Resources Ltd, RRS, (R) S&P 500 Reporting:- Anadarko Petroleum Corp, Q4, 0.704, Clorox Co/The, Q2, 0.808, Edwards Lifesciences Corp, Q4, 0.766, Gannett Co Inc, Q4, 0.883, Gilead Sciences Inc, Q4, 0.478, Hartford Financial Services Group Inc, Q4, 0.279, Humana…
Back in the early 2000’s, bank shares were some of the best long bets you could take in the market. They were viewed as de facto defensive utility stocks, when in reality they were leveraging up their balance sheet from 20x to 30x and even 50x in the case of those exotic Icelandic banks Of…
The European Union (EU) was established in 1957 with initially just six members in 1957 and has grown to 27 members that now includes almost every country in Europe and forms the most important currency block in the Globe. It would be unfair to say that countries like Portugal, Greece, Italy, Spain, to name a…
1 Feb 2013 Cantor Opening Call The FTSE is seen opening flat to a touch higher this morning UK Corporate Announcements BT Group announces a Q3 adjusted EBITDA of £1.55bn, just ahead of the forecasts, with an adjusted pre-tax profit of £675m up 7% and confirms its outlook Electrocomponents states that international trends…
While it may be something of an exaggeration to say that I am obsessed with the oil & gas sector – especially the minnows, this is not in fact, far off the case. Clearly, as far as anyone who is brave enough to look into this high risk area of the market, the real challenge,…
31 Jan 2012 Cantor Opening Call The FTSE is seen opening down around 15 points this morning UK Corporate Announcements BSkyB announces H1 revenues of £3.53bn up 5% and an adjusted operating profit of £647m ahead of the expectations of around £636m seen Lonmin details that Q2 was proceeding well and with the…
The blue lines on the chart below identify each point in history in which the following overvalued, overbought, overbullish, rising yields syndrome would have been observed:- S&P 500 overvalued with the Shiller P/E (the ratio of the S&P 500 to the 10-year average of inflation-adjusted earnings) greater than 18; overbought within 3% of its upper…
Just a few days ago, the UK Office for National Statistics (ONS) released the latest GDP numbers for our embattled economy and which confirmed what many had feared – the British economy dipped 0.3% in the fourth quarter of 2012 and is heading into recession for the third time since 2008. The “unwillingness” of this…
