The market experts continue to stress the importance of a prudent investment strategy. “At this stage we continue to recommend caution on the subject of possible warning technology stocks in the coming days,” reads the Morning Call of BNL, “Attention future profits of Oracle. To operate in the market better to continue with a view to trading in the short with take profit close.
Until just a few months ago the directions that came from Europe on the economic front were positive, with a recovery on track directed and guided by corporate profits, now the scene seems partly changed, “said Zafar Ahmadullah, fund manager SISF Euro Equity Fund. “The latest economic data have been less exciting and now, while remaining confident of the resilience of the euro zone, we believe that growth will be slower than originally expected. Investor confidence is also undermined by the risks of a military conflict between U.S. and Iraq, which currently represents a significant uncertainty factor. “Given this scenario – added Ahmadullah – securities on which bets are those companies financially stronger and with a good track record behind him. The recent free fall bags have made it more attractive valuations of many companies, especially when viewed in light of prospects for future growth. In this respect, to those medium and small cap companies compared to big European cap, which currently poses the greatest challenge. “
According to analysts at Schroder, now is the time to reduce the exposure to the stocks that have raced more in recent sessions. Pessimism seems to have plunged again on markets and investors are back to being more risk averse, as evidenced by the underperformance of the IT sector and the outperformance of the Energy and Materials sectors. Schroder suggested to remain at the window waiting for new opportunities.
Snam Rete Gas slight penalty early in the session, with the title that gives a 1% share 3.1 euro. Probably some profit taking an action that has performed well in recent sessions, demonstrating the good in the sessions held in decline typical of his defensive role, without being unduly penalized when the indexes were pushed by telephone. The rediscovery of the Snam Rete Gas, penalized in the past by concerns about environmental charge in Sicily, came precisely from the outcry from the Authority for energy, ready to raise their freight rates if the Balzello (on which also investigate European Commissioner Mario Monti to the market) to be declared legitimate.
The Paris stock market remain high voltage on the title of the pharmaceutical company Aventis, which in these early stages of sitting on the ground leaves the 1, 64%, passing from hand to 65.95 euros. The flow of sales is the confirmation that investors did not take well the announcement of the abandonment of research, by Aventis, is an important molecule that had not yielded the desired results.
closing last Friday to counter the American markets, with investors still not convinced that the fate of the fellowship for the coming weeks. The Dow Jones ended at 8745.18 points (+0.38%), the S & P 500 at 908.60 points (+0.35%), the Nasdaq at 1306.05 points (-0.80%), .
Lima almost all gains and falls under the title The 3 euro Fondiaria, the focus of investors’ stock market in recent sessions. The title insurance company Florentine thus marks an increase of 2.56% to 2.97 euros after having touched the 3.23 euros as the maximum of the day.
“In this particular phase of the market rather stay at the window because, from a technical standpoint, we find ourselves in a situation not too good,” says Edoardo Mosca of New Investments sim. “It ‘important that the Milan Stock Exchange to remain above the minimum last Wednesday (24,550 points Fib NDR).. If it holds, it could also be a bounce. Ideally, though, is that for at least a week, the market remains on these levels, thereby developing a phase of accumulation. ” But the eyes of investors have turned everyone on Wall Street, and in particular the S & P500. “The Standard & Poor’s is oversold and held 850 shares, could also bounce with an initial target of 900 points and the Next at 940,” says Moscow.
The general situation of the awards seems now to be closed circle. “The descent of a sector drags the other,” says Paola Brunelli, manager of Credit Suisse Asset Management, “To see a bounce it will take an exogenous factor, but difficult to detect. It could be the intervention of the government as France Telecom or new injections of liquidity, or finally tax reforms. But they are assumptions. However, if the season of the results to be better than expected, as happened at the end of the first quarter, then it reports confidence to investors. In this case evaluations of securities would be cheap compared to its historical context and therefore interesting. “
The exploits of Repsol (+10%) and renewed confidence among investors are pushing on the maximum day the title of the six-legged dog. Eni is rising by 4% testing fee 16.80 euros even though volumes are lower than the daily average last month.
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