Politics, Policy, Economics - Since 2010

11/29/2014 - Superfund Equities Report - www.tinyletter.com/superfund The fund sold F (Ford) and piled up on TASR (Taser), SWHC (Smit...

11/29/2014 - Superfund Equities Report

11/29/2014 - Superfund Equities Report - www.tinyletter.com/superfund


The fund sold F (Ford) and piled up on TASR (Taser), SWHC (Smith & Wesson), ZNGA (Zynga) and ABR (Arbor REIT)

Citi Group's Index unit is for sale - LINK

OPEC's meeting in Vienna this week shook the oil markets. 
West Texas Intermediate is at: $66.15
Brent is at: $70.15
Oil is breaking serious resistance levels. 

China is considering a broad ban on smoking, including tobacco advertising, smoking in public places and cutting smoking scenes in film and TV. Up more than 10% from the year before, the country’s tobacco industry generated nearly 956B yuan ($155.6B) in taxes and profits in 2013. China is home to more than 300M smokers!!!!!

Seagate refinancing $300M worth of debt (11/24/2014)  - $STX Seagate (STX +1.6%) plans to offer $300M worth of senior notes; their pricing and maturity date is undisclosed for now. Proceeds, along with cash on hand, will be used to redeem 6.8% senior notes due 2016. Seagate expects a total redemption cost of $362M. Seagate had $3.8B in debt as of Oct. 3, and $2.2B in cash. The hard drive giant sold $1B worth of debt in May. Great hard drive / memory business. 

Securities Upgrades/ Downgrades

Progressive Waste Solutions Ltd (NYSE:BIN) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating. They now have a $37.00 price target on the stock. 21.0% upside from the previous close of $30.57. 

Boyd Gaming Co. (NYSE:BYD) was upgraded by analysts at Macquarie from an "underperform" rating to a "neutral" rating. They now have a $12.00 price target on the stock, up previously from $11.00. 0.4% upside from previous close of $11.95.

Chemring Group plc (LON:CHG) was upgraded by analysts at Investec to a "buy" rating. They now have a GBX 250 ($3.91) price target on the stock.

Eaton Corp plc (NYSE:ETN) was upgraded by analysts at Zacks from an "underperform" rating to a "neutral" rating. They now have a $73.00 price target on the stock. 5.7% upside from the previous close of $69.07. 

CG Holdings, Inc. Class A (NYSE:KCG) was upgraded by analysts at Sandler O'Neill from a "hold" rating to a "buy" rating. They now have a $14.00 price target on the stock. 28.0% upside from the previous close of $10.94. 

Luxottica Group SpA (ADR) (NYSE:LUX) was upgraded by analysts at Nomura from a "neutral" rating to a "buy" rating. Previous closing price of $52.15.  

Mineral Resources Limited (ASX:MIN) was upgraded by analysts at RBC Capital from a "sector perform" rating to an "outperform" rating. They now have a $10.00 price target on the stock, down previously from $11.00.

Williams Partners L.P. (NYSE:WPZ) was upgraded by analysts at Jefferies Group from a "hold" rating to a "buy" rating. They now have a $62.00 price target on the stock, up previously from $56.00. 15.9% upside from the previous close of $53.49.

Google Glass is still around - and if you take the time to read this article, you will think about getting a pair - LINK 

December is not all vacation -

Former Bear Stearns CEO James Cayne became a poster-child for ill-timed vacation planning. In 2007, amid a nascent global financial crisis, two of his company's hedge funds were melting down, faced with demands for more collateral, etc. At the time, Cayne was competing in a bridge tournament without access to a mobile phone or e-mail, a blunder that cratered the market's confidence in Bear Stearns, which collapsed in March of 2008 and was sold for $2 a share to JPMorgan.- from Barrons 


TO GREAT PROFITS!

CH

Chad Hagan
CEO, Hagan Capital
EIC, Superfund Equities


www.tinyletter.com/superfund

Mark Ronson on TED TALKS

$TKMR TKMR After 11/06/2014 Earnings Chart . Statement from CEO - "Our goal this quarter was to continue the advancemen http://stks.c...

$TKMR - Technical Analysis

$TKMR TKMR After 11/06/2014 Earnings Chart . Statement from CEO - "Our goal this quarter was to continue the advancemen http://stks.co/a1ECc
— Chad Hagan (@SuperFund) Nov. 9 at 12:53 PM

S&P 500 Justifies Oppenheimer’s 2,014 in 2014: Chart of the Day By David Wilson Nov. 4 (Bloomberg) -- When John Stoltzfus predicted...

OpCo's 2014 in 2014 Forecast Rings True


S&P 500 Justifies Oppenheimer’s 2,014 in 2014: Chart of the Day

By David Wilson

Nov. 4 (Bloomberg) -- When John Stoltzfus predicted almost a year ago that the S&P 500 would end 2014 at 2,014, the chief investment strategist at Oppenheimer & Co. was more optimistic than any of his Wall Street peers.

As the CHART OF THE DAY shows, Stoltzfus was vindicated for his bullishness. The S&P 500 surpassed his estimate at the end of last week and held above the projection yesterday, when it closed at 2,017.81.



The chart begins on Nov. 19, when the New York-based strategist made his call. At that time, he was the only one of 15 strategists in a Bloomberg survey to see the index at 2,000 or higher this year. As of yesterday, 16 of 20 strategists did.

Stoltzfus said in a telephone interview yesterday that he will revisit the 2,014 estimate after today’s election results are tallied.

“If we do bump it up, I can’t imagine it will be a heck of a lot,” he said. “This market could easily move sideways and close pretty much where we are, or somewhat higher.” He added that he plans to make his initial 2015 call within the next two weeks.

The S&P 500 climbed 13 percent from last Nov. 19 through yesterday. Sustained U.S. economic expansion, rising corporate earnings and the Federal Reserve’s monetary policy spurred the gain, he said.

The 2,014-in-2014 estimate was matched by Adam Parker, chief U.S. equity strategist at Morgan Stanley, last December. Parker shifted to a 12-month forecast in June and now sees the S&P 500 reaching 2,125 by next November.

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Sincerely,


David Wilson