New book by Larry Connors Click here Improve your trading - See how
Reuters
Results diary
Stocks on the move Real-time Equity News
08:05GMT 15Oct2008-Insurers fall as Deutsche Bank cuts targets
--------------------------------------------------------------
Shares in European insurers fall as Deutsche Bank cuts price targets and earnings estimates in the sector and points to possible dividend cuts. The DJ insurance index falls 1.6 percent, with Standard Life shedding 7.9 percent, Old Mutual down 5.3 percent and Aegon off 3 percent.
Deutsche Bank says insurers may start to reassess dividend levels. The broker cuts its dividend per share forecasts by 10 percent for 2009.
"Our analysis suggests the sector is adequately capitalised at present, though the attrition of the last few weeks from equity market falls and corporate bond defaults has clearly taken its toll," it says in a note.
Deutsche Bank cuts its target price on Standard Life by 10 percent to 249 pence, while maintaining a 'hold" rating.
Its target price on Old Mutual is cut by 23 percent to 130 pence, but it keeps its "buy" rating. As for Aegon, the broker cuts its price objective by 40 percent to 5.9 euros and has a "hold" rating.
Deutsche Bank says AXA and Zurich Financial Services are its top plays, but the shares fall 3.2 and 4.7 percent, respectively.
Reuters Messaging rm://brian.gorman.thomsonreuters.com@reuters.net
09:04GMT 15Oct2008-DSG falls on Best Buy, Carphone plans
--------------------------------------------------------
Shares in DSG International, Europe's second-biggest electrical goods retailer, fall 7 percent to 33.25 pence as investors digest the growth plans outlined on Tuesday by U.S group Best Buy and European partner Carphone Warehouse.
"Best Buy are very serious about the UK market ... they can bring a lot to the party," says Pali International analyst Nick Bubb, reiterating his "sell" recommendation.
"DSG have a few more months to raise their game, but the omens are not good."
Best Buy aims to double revenues to around $80 billion by 2013, led by a drive into the $175 billion a year European electrical goods market.
Its venture with Carphone aims to take on DSG and rival Kesa Electricals , down 4.4 percent to 99 pence, by opening 100 European stores by 2013.
For more, click on
Reuters Messaging rm://james.davey@thomsonreuters.com
08:02GMT 15Oct 2008-Experian falls as Pricegrabber sale cancelled
--------------------------------------------------------------------
Shares in British credit information firm Experian fall 6.8 percent after the group cancels the mooted disposal of online price comparison business Pricegrabber.
"People were expecting a bit more on the Pricegrabber side. They were expecting them to sell it on," says Seymour Pierce analyst Kevin Lapwood.
Experian, which is abandoning the sale eight months after putting Pricegrabber on the market, says potential buyers are unable to finance acceptable offers in current market conditions.
The company also reports a 13 percent increase in first half revenues.
For more double click on Reuters Messaging rm://malcolm.locke @thomsonreuters.com; +44 207 542 0964
07:50GMT 15Oct2008-Infineon gains on Intel Q3 figs, rebound from drop --------------------------------------- ------------------------------ Shares in Infineon AG rise 4.1 percent, outpacing the declining DAX index, which is 1.1 percent lower, as the German chipmaker benefits from strong quarterly profits from technology bellwether Intel Corp and enjoys a rebound from Tuesday's sharp fall. "After Infineon saw a drop of 11.46 percent yesterday, the stock should see some support thanks to the positive numbers reported by Intel," says a Frankfurt-based trader.
Intel posted a 12-percent year-on-year rise in quarterly profit to $2.01 billion, or 35 cents per share. Intel says it expects revenue in the fourth quarter of $10.1 billion to $10.9 billion, slightly below analysts' expectations. "The Intel numbers are helping a bit, but there is still uncertainty about Intel's midterm numbers and its fourth-quarter forecast is a bit weak," says Janardan Menon, analyst from Dresdner Kleinwort Wasserstein.
For more double click on Reuters Messaging rm://tyler.sitte.reuters.com @reuters.net
Keywords: MARKETS EUROPE STOCKSNEWS tf.TFN-Europe_newsdesk@thomson.com vjt
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
MMMM
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
