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