Market Strategist
EUROPE FX: Euro Falls as Peripheral Concerns Outweigh U.S. Jobs
EUROPE FX: Euro Falls as Peripheral Concerns Outweigh U.S. Jobs Euro is weaker vs dollar as concerns over peripherals, esp. Spain, outweigh weaker-than-est. U.S. NFP last Friday; yen is stronger vs. most G-10 currencies after BOJ failed to signal further policy easing ahead. * EUR/USD -0.2% to $1.3084; still below upward trendline from mid-January that [...]
Cheapest Equities in Six Years Lure Schroders
Cheapest Equities in Six Years Lure Schroders The lowest Chinese stock valuations since 2005 are a buy signal to the biggest emerging-market money managers, who say the economy will avoid a hard landing as the government bolsters growth. The MSCI China Index of shares available to foreign investors fell the most among global equity indexes [...]
Buy FTSE 100/S&P 500 Outperformance Call on Rebound Play: BNP
Buy FTSE 100/S&P 500 Outperformance Call on Rebound Play: BNP Buy FTSE 100/S&P 500 Sept. at-the- money outperformance call, buy UKX/SPX Sept. at-the-money/105% outperformance call spread for cheap relative rebound strategy on UKX, BNP Paribas says. * 20% of UKX is made up of energy stocks and is likely to benefit from high oil prices, [...]
Buy Riverbed Call Spreads, F5 Networks Collars, MKM Recommends
Buy Riverbed Call Spreads, F5 Networks Collars, MKM Recommends Buy Riverbed Technology May $27/$31 call spreads for long exposure, according to MKM derivatives strategist Jim Strugger. * Buy F5 Networks April $140c/$125p collars to hedge before April 18 earnings, note says * RVBD fell 2.5% to $26.51 yesterday; FFIV dropped 2.2% to $132.88
Buy MRK, PFE, MCD Outperformance, Says Sluymer; Sell AA, HON, DD
Buy MRK, PFE, MCD Outperformance, Says Sluymer; Sell AA, HON, DD U.S. stocks face “choppy summer,” a more diversified portfolio is needed and investors should increase exposure to “emerging” relative outperformance in MRK, PFE, MCD, CELG, QCOR, WEC, CHD, says RBC technical analyst Robert Sluymer. * “Reduce’’ HON, FDX, DD, NUE, AA, BHP, MHK given [...]
10-Yr Yields May Fall to 1.75%, Stocks Drop 10% in 2Q: Nomura
10-Yr Yields May Fall to 1.75%, Stocks Drop 10% in 2Q: Nomura 10-yr yields may fall to 1.75% in 2Q with decline of as much as 10% in stocks and selloff in credit amid a weakening in economic data and corporate earnings, Bob Janjuah, Nomura global head of asset allocation, writes in client note. * [...]
HSBC Raises Year-End 2012 Forecast to 1,490 From Previous 1,250
HSBC Raises Year-End 2012 Forecast to 1,490 From Previous 1,250 The Standard & Poor’s 500 Index will end the year at 1,490, HSBC Holdings Plc said in a note. Garry Evans, a Hong Kong-based strategist for the bank, raised the forecast from a previous 1,250. The new estimate would take a gain of 7.8 percent [...]
RATES: Buy 2-Yr Italy vs Spain on Spanish Concerns: Deutsche
RATES: Buy 2-Yr Italy vs Spain on Spanish Concerns: Deutsche Concerns about Spain have increased on 3 fronts: country’s ability to deliver on 5.3% deficit target for 2012, the size and source of funds for bank recap and concerns of deficit slippage from regional finances, note from Deutsche Bank says. * Recommend buying 2-yr Italy [...]
RATES: Persistent Warning Signs Europe Worse Than U.S.: Citi
RATES: Persistent Warning Signs Europe Worse Than U.S.: Citi Signs across all asset classes continue to show that Europe is in a much weaker and worsening situation than the U.S., Tom Fitzpatrick, chief technical analyst at Citigroup, writes in note. * Yields are moving lower in Germany: * 10-yr yields are making lower lows for [...]
HSBC Says Overweight Emerging Markets, Underweight Japan
HSBC Says Overweight Emerging Markets, Underweight Japan HSBC likes telecommunications and energy, raises technology to overweight from neutral. * Moves industrials and consumer staples to underweight from neutral * Earnings growth, valuation and positioning offer “moderate support,” analysts led by Garry Evans write in report today * HSBC sees global equities up as much as [...]
