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Market news round up, upgrades & downgrades courtesy of Cantor Index

Market news round up, upgrades & downgrades courtesy of Cantor Index

5 mins. to read

For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Ferrexpo details that Q3 pellet production from own ore gained 2.8% and total output gained 0.9% Netplay states that it has had a strong Q3 performance and stays confident on its outlook Thorntons states that trading has been in line…

Alcoa kicks of toughest U.S. earnings season for years

Alcoa kicks of toughest U.S. earnings season for years

0 mins. to read

Aluminium producer, Alcoa, kicked off the U.S. third quarter earnings season after the market close last night. The numbers coming of America’s leading companies will be closely watched over coming weeks with expectations of the first quarter on quarter profit declines in aggregate for 3 years. The fear is that analysts have been over optimistic…

European equities bull trade update

European equities bull trade update

3 mins. to read

European equities, in particular Spain and Italy have both been very much poor performers over the last ten years. While other European indices like the Dax and even the FTSE have managed to rise substantially, the FTSE MIB and the IBEX paint a picture of distinctly sluggish performance – it is rare for markets that…

Chart snippet – Bumi looks to break resistance @ 172/3p

Chart snippet – Bumi looks to break resistance @ 172/3p

0 mins. to read

Beaten down coal miner Bumi has been knocking its head against the 172/3p level on 3 occassions over the last 12 days since the shock announcement of a probe into the financial affairs of its holding in prime asset Bumi Resources PT.  With a key shareholder meeting on Thursday and the clock ticking to the…

Ceres Power – the unanswered questions…

Ceres Power – the unanswered questions…

4 mins. to read

It’s fair to say that this mag has been a big advocate of Ceres Power, based around the potential of its technology and high expectations of the new management headed by David Pummell. Here’s a link to our postulations underpinning the investment case (page 16) – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v6_generic  Regular readers will also know that we are not…

MARKET NEWS ROUND UP, UPGRADES & DOWNGRADES COURTESY OF CANTOR INDEX

MARKET NEWS ROUND UP, UPGRADES & DOWNGRADES COURTESY OF CANTOR INDEX

6 mins. to read

For more interesting research & professional Technical Analysis from Cantor Index click here to register for free. UK Corporate Announcements Hays announces that markets have been stable overall through the quarter and sees Q1 total fees down around 1%, and states that parts of Asia and Southern Europe have been very difficult XP Power sees a modest sequential…

Chinese stocks back to 1997 valuations – year of Hong Kong handover

Chinese stocks back to 1997 valuations – year of Hong Kong handover

3 mins. to read

The last time China’s stocks were as cheap as they currently was in 2008, from which the benchmark index rose 83 percent in a year. Policy makers are struggling to reverse the worst economic slowdown in more than a decade, the most-accurate strategists say. Cheapest PE since 1997 While the Shanghai Composite Index trades at 11.3 times the earnings…