Posts Tagged market

Comindustria in downhill

While the indexes are floating above the line of equality the title Comindustria marks a loss of more than 4%. The title of the headed by Giuseppe Vigorelli it travels at a height loss of 8.11 4.59%. “The title shares at a discount to its fair value but not to have consensus of the ,” says an .

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Well the Nemax 50, without enthusiasm the Nouveau Marche

Plus sign this morning for the German Nemax 50, driving the index of the Neuer Markt in Frankfurt, which marked a rise of 2.82% at 546 points. Plus sign for the Paris Nouveau Marché, but that appears opaque and does not take advantage of the relaxed atmosphere of the scoring an increase of 0.51% to 692 points.

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European telecoms downturn, France Tel shines only

Another bad day for telecoms in Europe, affected by the returns for fears about the reliability of accounts and due to persistent weakness in U.S. . Licenses are worse today Sonera (-5.51%), Vodafone Group (-4.94%), Tele2 (-4.51%), Portugal Telecom (-4.28%), Cable & Wireless (– 3.92%), Orange (-3.62%) and Telenor (-3.40%). In contrast Telecom (+4.55%) on speculation about a possible return under the wings of the state.

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IntesaBci, strong exposure to Vivendi

IntesaBci circulated on the confirms the fears about the exposure to Vivendi. IntesaBci announced that exposure to the belonging to Vivendi Universal is now around 180 million and one on group Vivendi Environnement to around 160 million . “It’s commercial relations with a smooth flow,” says a spokesman for the institute.

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Eni recovers and pushes towards equality ‘

Eni try to hook the level of equality. The title of the giant is once again revealed one of the most resistant to pressures and travels at a height of 15.82 in bending of 0.28%.

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The new European markets deepen losses

European also in red marker in major centers of Europe. In Paris Nouveau Marché marks -4.28% to 704 points, while the German Nemax 50 scored a fall of 2.02% to 608 points.

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Bp upgrade from Goldman Sachs, Target to 640P

A good starting point upward for the title Bp the London , at 539.5 pence (+1.4%) after Goldman Sachs raised its recommendation to Recommended List from previous Outperform. The target price set by the U.S. broker is 640 pence. Progress in the City also shares its rival Shell (+0.8%).

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Gucci: a first quarter in line with expectations

The fashion house Gucci has published the results this morning for the first quarter of 2002, which revealed a decrease of 42% of net . A setback, however, expected by the , and the result is placed in the bottom of the range estimated by analysts that follow the title. Lehman Brothers had issued an opinion of perform on the title with a target price of 102 . Gucci, which is listed on the Amsterdam , swap unchanged passing from hand to 100.30 .

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M. Stanley: “Too much fear (not) to buy”

Jay Pelosky, global strategist at Morgan Stanley, says very concerned about the weakness of the dollar, a real thorn in the side of the equity at this time. “The United States will experience low growth in the years to come. Everyone is disappointed by the collapse of exchanges, but only now are emerging fears of an excessive devaluation of the dollar, with the risk (for the moment quite remote) of a real collapsing the greenback. Nevertheless, the manager does not seem pessimistic about the future prospects of the equity. “The have reached a deep oversold and are going through a phase of high volatility, due to the uncertainty on the recovery of corporate earnings. Overall, the is above the minimum in September to just 700 basis points. Trimester in progress, however, should represent a turning point for U.S. , with a return to profitability and then to the p / e lower. According to our valuation models, the equity is undervalued by an average of 15% and therefore could be considered rather interesting.

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Municipal in dusting at the Milan

Day of glory for the titles of the multi-utilities. The arrival on the in the short, could go public in the coming weeks, the freshman Asm Brescia is giving rise to the occasion for municipal utilities listed in Piazza Affari. Aem Milano rooms today by 2.4% to 1.54 , Acegas Trieste gains 3.38% at 6 , Acsm Como scored a +1.84% to 1.935 while Acea salt, 1, 63% to 5.85 .

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