Given that I live in Spain, and have a Spanish wife, it may be that I could be regarded as something of a Europhile. This is not the case however, I can assure you (and Nigel Farage fans!!). The nightmare of a Spanish economic collapse over the past five years has affected many people I…
With everybody’s favourite current whipping boy – the tech goliath that is Apple falling back towards its post 4Q result lows yesterday, and after hedging our long position with the Bear Put Spread to leave us with a short Put position at $440, we have been adding to our long stock spread bet position with…
The chart above shows that whilst the US has been merrily sailing along towards its all time highs during the last 10 days, that Europe (as measured by the Eurostoxx index) has been dancing to a different drum beat (ex UK until yesterday). The rising Euro (which has come back around 2c from Fridays…
05 Feb 2013 Cantor Opening Call The FTSE is seen opening up around 5 points this morning UK Corporate Announcements Arm details a Q4 pre-tax profit of £80m, just ahead of the forecasts, on revenues of $262m up 21% St Modwen announces a full year pre-tax profit of £52.8m from £51.7m last year…
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…
