Credit Suisse Weekly
Technology stocks rise, but fundamentals remain weak
- Technology stocks regained some ground, despite a continuing low earnings visibility for most of the technology companies. The semiconductor capital equipment maker Applied Materials (AMAT: $14.70; CSFB: Hold) reported its quarter results on August 13, which gave disappointing sales figures.
- Monday, August 19 - 2002 at 15:17
A short rally, but uncertainties on fundamentals remain over the short term
- The aerospace/defence sector could be the gainer this year. YTD the index has a total return of 12.26% vs. -20.61% for the S&P 500
- Wednesday, August 14 - 2002 at 08:59
New legislation and the market risk
- NASDAQ - Technology stocks took a hit amid concerns of continued weakness in the economy. EUROPE - Investors should focus on low beta stocks with a high degree of earnings visibility
- Monday, August 05 - 2002 at 18:06
A setback on a disappointing guidance out of Taiwan
- American International Group Inc. (AIG, $56.82, CSFB recommendation: Strong buy) announced a 2Q'02 EPS before XO of $0.68 while consensus expected $0.85. Nevertheless we think this result is good given the tough environment.
- Tuesday, July 30 - 2002 at 15:54
Current quarter reports have given a better view of what we have to expect till the end of the year.
- In the short-term it is difficult to defend our slightly more positive long-term stance on European equities with valuations. However, some stocks are now traded at a significant discount to bonds.
- Monday, July 22 - 2002 at 18:32
Recommendation update
- Boeing Co. (BA, USD40.15, CSFB recommendation: Buy) is expected to make public its 2Q02 result on July 17th (USD0.800 EPS expected).
- Tuesday, July 16 - 2002 at 17:11
US Technology
- Growing scepticism after a fifth straight week of sharp decline in the Nasdaq Composite. On a week-on-week basis, the NASDAQ Composite Index fell 4.23% to 1440.96.
- Tuesday, June 25 - 2002 at 11:11
US Technology: Searching for a trigger to lead into a new up-trend, as the earnings season starts.
- Worldcom Inc. (WCOM, $1.595, CSFB recommendation: sell) price remains under pressure. Nevertheless the company decided some actions, which are appropriate in this current market environment.
- Wednesday, June 19 - 2002 at 12:43
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