Monthly Archives: April 2013

satfever

Remember all that equity rotation fever in January?

As equities markets grind to new highs one gets the distinct impression the average retail investor is a reluctant believer. We aren’t a believer in the great rotation either…

April 30th, 2013 by

Style & Sector Trends

Comments: 0

nokapple

NOK, NOK, who wants an Apple bond?

Wow! It looks like Apple is going to smash all kinds of records in its efforts to tap the bond markets for the funding of its cash back plans.

April 30th, 2013 by

Income

Comments: 0

eufnchart

European banks for rent?

In the bizarro financial world orchestrated by Super Mario and Buzz Bernanke there are occasions when one must hold one’s nose and accept the potential for excitement in banking shares.

April 30th, 2013 by

Financials

Comments: 0

gonzocost

Charting 26 million reasons why EU austerity not working…

Eurostat just confirmed there are 26.5m unemployed in the 27 nation EU region. The euro area alone has 19m unemployed or a 12.1% jobless rate which is a new record.

April 30th, 2013 by

Editorial

Comments: 0

choices

Capital choices for UBS and Deutsche Bank….

Well, well, well Deutsche Bank has changed its mind and has decided to tap the market for a capital boost of up to $6.3 billion.  UBS, on the other hand, won’t be needing additional capital.

April 30th, 2013 by

Financials

Comments: 0

bigmacapp

Market lovin’ Apple’s Big Mac cash back?

As Stuart Barnes would say……”Oooooooooohhhh”.  The Apple share price had its best day since early February today and it’s so far so good since the company promised to return the equivalent of McDonalds Corp back to shareholders in cash.  

April 29th, 2013 by

Income

Comments: 0

bespokebeats

US Consumer stocks still beating earnings expectations…

There is chat of a rotation out of the year’s big winning sectors in the consumer space but, despite a few big earnings “misses” (eg. P&G), in aggregate these companies are still delivering.

April 29th, 2013 by

Quality Franchises

Comments: 0

ecbmuppets

New Spanish test of ECB patience…?

Maybe it was the football results, or the debunking of Reinhart and Rogoff austerity spreadsheets, or Ms Merkel’s latest ECB “guidance” or… was it just 27% unemployment and austerity fatigue?

April 26th, 2013 by

Financials

Comments: 0

batonchange

Chart: Consumer Staples handing the lead baton to Industrials?

It has been a baffling few weeks. Bizarrely a succession of weak macro news and a pretty mixed earnings season has generated a market sense that “bad news is good news” and that Buzz and Super Mario will go Japanese.

April 25th, 2013 by

Technical Trends

Comments: 0

killerw

New York Times profits fall 64% but plans for new killer strategy?

The transition from print to digital for iconic newspapers remains very difficult. The New York Times Company’s income from continuing operations was just $3.1m in Q1, down 64% from a year ago.

April 25th, 2013 by

Quality Franchises

Comments: 0