Superfund Equities Report December 21 2014
Superfund Equities Report
Fiat Chrysler is having problems. Earlier this year we stood by them and the vision of the dynasty. We traded in and out and had an established level of confidence when the Ferrari IPO was announced. Then came the airbags. Let us wait to see about Ferrari.
North Korea denies hacking Sony, U.S. stands by its assertion...LINK
BHP Billiton plc (LON:BLT) had its price target lowered by analysts at Deutsche Bank from GBX 2,400 ($37.72) to GBX 2,100 ($33.00) on Tuesday. They now have a "buy" rating on the stock.
The Dow Chemical Company (NYSE:DOW) is now covered by analysts at Nomura on Tuesday. They set a "buy" rating and a $57.00 price target on the stock. 24.3% upside from the previous close of $45.84.
Vale SA (ADR) (NASDAQ:VALE) had its price target lowered by analysts at Credit Suisse from $10.50 to $7.50 on Monday. They now have an "underperform" rating on the stock. 7.9% downside from the previous close of $8.14.
CEO, Hagan Capital
Executive Editor, Superfund Equities