Atos is downgraded by 2 brokers (MS & CS) and consequently plunges by more than 5%. CS doubts about the FCF sustainability. Shares are at a 18 percent discount to the analysts' consensus target price. The…
Buy call 7400 for 10% notional + sell NQU8 for 7% of NAV Implied volatility on the Nasdaq (see figure below white line) is back to its low range: We close it 2 vega above at…
Baidu shares turn negative pre-market, giving up an earlier earnings-driven gain, as Google is reported to be pursuing a censored search engine for the China market. Baidu could lose significant search traffic and sales share if…
We recommend buying Credit Suiss-reg at 16 for a 21 target in the next 6 months. We also add it to our SC European longs. Stopped on November 12th
Further Signals of More Accommodative Fiscal and Monetary Policies in China: After some RRR cuts in 1H18 and allowing more flexibility for financial institutions to handle non-compliant WMPs, the authorities will now use fiscal policy…
A bearish contrarian sentiment has just flashed on the S&P500, we go short for a target at 2700 with a stop at 2835. Then, option expiration oftens marks a reversal.
A very strong support has been reached on EEM and Copper. We want to fade trade wars correction as we did by a long CNH.
We initiated the following strangle on 30/05, to cope with more volatile markets July 7050 Call – 6950 Put and this what we got. We doubled the net premium invested while the strategy remained market…
OPEC has agreed to boost oil production, achieving a last- minute compromise that overcame Iran’s threats to veto any supply hike. The accord is a much-needed show of unity from the Organization of Petroleum Exporting…
Sika is our favourite material in Europe and has recently retraced 50% of its rise since April. Our grades are strong (Eps growth at 70, smart sentiment at 87 and quality at 54). Our target is…