Credit Suisse Weekly
Markets fuelled by wild speculation
- We believe that market rose last week due to nothing more than wild speculation and short covering. All the economic data suggested that there was no grounds for this optimism.
- Monday, June 09 - 2003 at 17:00
A new outlook for commodity stocks
- The commodities industry is at the trough of the cycle and is in a transition phase to new growth. It is not just crude oil that has turned up but metals are also showing new strength.
- Monday, June 02 - 2003 at 17:06
US stimulus package implications
- With US economic stimulus plan passed, we reiterate our preference for the pharmaceuticals and energy sectors. Our crude oil price assumptions are towards an average of USD28.50 for this year. And we have added two stocks to our recommendation list that benefit from the weak US dollar.
- Tuesday, May 27 - 2003 at 09:27
Specific weak US dollar stock plays
- Rigorous cost cutting exercises should support the market, but weak economic fundamentals and strong Euro point to a range bound market. We are increasingly confident about gold reaching USD425/450 this year. We also continue to favour the energy sector.
- Monday, May 19 - 2003 at 14:37
We continue to like high yield, low valuation and low-beta stocks
- Is the recent rally sustainable?
- Monday, May 12 - 2003 at 16:26
Very little reason for the US market to rally last week. But rally it did.
- The macro picture remains bleak, and the economic data last week confirmed it. However, it would seem that by the way the market traded, traders buying on the dip offset the initial shock of the data.
- Monday, May 05 - 2003 at 14:37
The bulk of the earnings reports will end this coming week
- Difference in returns between cyclicals, defensives, financials and TMT has been falling sharply.
- Tuesday, April 29 - 2003 at 11:19
Cautious view on analysts' expectations on corporate earnings
- SAP - mixed set of results vs expectations but great compared to the competition.
- Monday, April 21 - 2003 at 11:15
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