Monthly Archives: July 2013

brokerfear

Good US data means new lows for Treasuries…

Prepare for more “taper” tantrums as US GDP and ADP jobs data beat the street expectations. On top of the whopping Case-Shiller house price inflation for June the US Treasury market is flirting with the lows…..

July 31st, 2013 by

Debt

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siemensfail

Siemens: Charting the failure of diversification…

Siemens’ board has lost patience and is ousting its CEO, Peter Loescher. The former pharma executive has been plagued by mis-priced contracts, project timing penalties, bad bets on solar power and poor acquisitions.

July 29th, 2013 by

Quality Franchises

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madmenmerger

WPP: Mad Men go merger crazy!

Wow! The advertising industry has just delivered the mother of all mergers. US giant and world number 2, Omnicom, has broken bread and freedom fries with French world number 3, Publicis, to announce a $35 billion merger.

July 29th, 2013 by

Mergers and Acquisitions

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MSFTcracked

Is Microsoft now a utility stock?

For those owning 30 year Apple bonds we have previously referenced Nokia and Blackberry as case studies on the dramatic shifts in fortune for consumer electronics. But what about software?

July 29th, 2013 by

Technology

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BPwell

Quiz Answer: BP has exact same market value as Amazon!

We set a little quiz on Friday asking for the name of the company which has the exact same market value as Amazon but delivers $15 billion of annual profits rather than $15 billion of loss making quarterly revenues.  

July 29th, 2013 by

Value

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amznquiz

Friday Quiz: Which company shares the exact same value as Amazon?

Can you name the $138 billion company out there which earns $15 billion a year and shares the exact same valuation as Amazon which earns…… nothing?

July 26th, 2013 by

Technology

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unclesam

Whoops! US Treasury yields rising again…

It has been a good July for equities as “taper” tears and tantrums subsided with soothing words from Buzz Bernanke. However, it looks like bond investors didn’t get the same memo from the Fed.

July 25th, 2013 by

Debt

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recovery

Junk bond recovery, commodities next?

Following our Caterpillar emerging markets comments earlier we took a quick peek at the growth-sensitive junk bond universe. Looks like junk bonds have recovered much of their recent losses.

July 25th, 2013 by

Style & Sector Trends

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dinoasteroid

Now we know why Telefonica wants to deal!

Earlier in the week we saw Telefonica getting involved in a $10.7 billion tie up with KPN in Germany. We were worried for Telefonica shareholders then as owners of a dinosaur digital business.

July 25th, 2013 by

Technology

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bottomcall

Emerging Markets: Has Caterpillar called the global growth bottom?

Caterpillar not only missed its earnings numbers last night but also took the opportunity to tell us global GDP growth will barely exceed 2% this year.

July 25th, 2013 by

Style & Sector Trends

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