Cantor Capital Commentary

The most recent commentary notes are detailed below, for older reports please select the archive.

Our commentary notes are also freely available to all by email.

To register please fill in the enclosed “Commentary Registration” form.

Email: sales@cantorcapital.com Tel: +44 (0) 20 7894 8800.

Week Ahead, January 31st

Friday, 31 January 2014


Friday January 31, 2014, Marketing Communication
Monday February 3, 2014
UK Reporting: Blackrock Frontiers Invest, BRFI, (SM), Darty Plc, DRTY, (SM), International Ferro Metals, IFL, (Pr), Mitie Group Plc, MTO, (R), Randgold Resources Ltd, RRS, (R), Randgold Resources Ltd, RRS, e, (CC), Shanks Group Plc, SKS, (R), Sthree Plc, STHR, e, (CC), Sthree Plc, STHR, (R)
S&P 500 Reporting: Anadarko Petroleum Corp, Q4, 0.904,  CareFusion Corp, Q2, 0.54,  Dun & Bradstreet Corp/The, Q4, 2.834,  Edwards Lifesciences Corp, Q4, 0.823,  General Growth Properties Inc, Q4, 0.351,  Hartford Financial Services Group Inc, Q4, 0.895,  Principal Financial Group Inc, Q4, 0.933,  Sysco Corp, Q2, 0.402,  Torchmark Corp, Q4, 1.456,  Yum! Brands Inc, Q4, 0.797
Euro Stoxx 600 Reporting: Banco Comercial Portugues SA, R, -0.028,  Bankia SA, R, 0.049,  Julius Baer Group Ltd, R, 2.239,  Klepierre, R, 2.045,  Randgold Resources Ltd, R, 2.871,  Ryanair Holdings PLC, Q3, -0.05,  Sandvik AB, R, 4.578
Economic Data:
  • 09:00 Eurozone January Manufacturing PMI, 53.9 exp. 53.9 previous
  • 09:30 UK January Manufacturing PMI, 57.1 exp. 57.3 previous
  • 15:00 US January Manufacturing ISM, 56.0 exp. 57.0 previous
Economic Events:
  • None Detailed
Market Holiday:
  • Chinese New Year
Tuesday February 4, 2014
UK Reporting: Arm Holdings Plc, ARM, (R), Arm Holdings Plc, ARM, e, (CC), Bg Group Plc, BG, (R), Bg Group Plc, BG, e, (CC), Bp Plc, BP, (R), Bp Plc, BP, e, (CC), Electrocomponents Plc, ECM, (R), Electrocomponents Plc, ECM, (R), Kofax Ltd, KFX, (R), Kofax Ltd, KFX, e, (CC), Low & Bonar Plc, LWB, (R), National Grid Plc, NG, (Pr), National Grid Plc, NG, (SM), Ocado Group Plc, OCDO, e, (CC), Ocado Group Plc, OCDO, (R), Royal Bank Of Scotland Group, RBS, (Pr), St. Modwen Properties Plc, SMP, (R), Talktalk Telecom Group, TALK, (R), Talktalk Telecom Group, TALK, (R), Udg Healthcare Plc, UDG, (R), Udg Healthcare Plc, UDG, (R), Udg Healthcare Plc, UDG, (SM), Victrex Plc, VCT, (SM), Victrex Plc, VCT, (R)
S&P 500 Reporting: Aflac Inc, Q4, 1.386,  AGL Resources Inc, Q4, 0.907,  Ameriprise Financial Inc, Q4, 1.805,  Archer-Daniels-Midland Co, Q4, 0.842,  Becton Dickinson and Co, Q1, 1.292,  Boston Scientific Corp, Q4, 0.127,  Cerner Corp, Q4, 0.389,  CH Robinson Worldwide Inc, Q4, 0.676,  Clorox Co/The, Q2, 0.907,  CME Group Inc/IL, Q4, 0.674,  Delphi Automotive PLC, Q4, 1.042,  Eaton Corp PLC, Q4, 1.064,  Emerson Electric Co, Q1, 0.669,  Equity Residential, Q4, 0.754,  Fidelity National Information Services Inc, Q4, 0.779,  Gannett Co Inc, Q4, 0.65,  Genworth Financial Inc, Q4, 0.304,  Gilead Sciences Inc, Q4, 0.501,  International Paper Co, Q4, 0.859,  Macerich Co/The, Q4, 0.925,  McGraw Hill Financial Inc, Q4, 0.786,  Michael Kors Holdings Ltd, Q3, 0.86,  Ryder System Inc, Q4, 1.291,  Spectra Energy Corp, Q4, 0.377,  Xylem Inc/NY, Q4, 0.52
Euro Stoxx 600 Reporting: ARM Holdings PLC, R, 0.209,  BG Group PLC, R, 1.286,  BP PLC, R, 0.734,  Fortum OYJ, R, 1.23,  Investor AB, R, 38.49,  Kesko OYJ, R, 1.509,  Koninklijke KPN NV, R, 0.11,  Muenchener Rueckversicherungs AG, R, 17.043,  Neste Oil OYJ, R, 1.534,  Ocado Group PLC, R, -0.003,  Orion OYJ, R, 1.378,  TDC A/S, R, 4.06,  UBS AG, R, 1.116,  Unibail-Rodamco SE, R, 10.146,  Vestas Wind Systems A/S, R, -0.166
Economic Data:
  • 09:30 UK January Construction PMI, 61.5 exp. 62.1 previous
  • 15:00 US December Factory Orders, -1.2% exp. 1.8% previous
Economic Events:
  • None Detailed
Wednesday February 5, 2014
UK Reporting: Arm Holdings Plc, ARM, (SM), Glaxosmithkline Plc, GSK, (R), Glaxosmithkline Plc, GSK, e, (CC), Grainger Plc, GRI, (SM), Hargreaves Lansdown Plc, HL, e, (CC), Hargreaves Lansdown Plc, HL, (R), Homeserve Plc, HSV, (R), Homeserve Plc, HSV, (R), Icap Plc, IAP, (R), Icap Plc, IAP, (R), Imperial Tobacco Group Plc, IMT, (SM), Intl Consolidated Airline-Di, IAG, (R), Wolfson Microelectronics Plc, WLF, e, (CC), Wolfson Microelectronics Plc, WLF, (R)
FTSE 100 Dividends: Unilever, ULVR, (22.22)
FTSE 100 Estimated Dividend Impact: 1 Point
FTSE 250 Dividends: Aberforth Smaller Companies Trust PLC, ASL, (16.15),  Daejan Holdings PLC, DJAN, (35),  Edinburgh Investment Trust PLC/The, EDIN, (5),  Stagecoach Group PLC, SGC, (2.90),  Victrex PLC, VCT, (32.65)
FTSE Small Share: City of London Investment Group PLC, CLIG, (8),  Dunedin Income Growth Investment Trust PLC, DIG, (2.575),  Henderson Diversified Income Ltd, HDIV, (1.25g),  Henderson Far East Income Ltd, HFEL, (4.40),  JPMorgan Claverhouse Investment Trust PLC, JCH, (6), Schroder Real Estate Investment Trust Ltd, SREI, (.62),  Standard Life Investment Property Income Trust PLC, SLI, (1.133),  Starwood European Real Estate Finance Ltd, SWEF, (1.10g)
S&P 500 Reporting: Akamai Technologies Inc, Q4, 0.515,  Allergan Inc/United States, Q4, 1.338,  Allstate Corp/The, Q4, 1.388,  Assurant Inc, Q4, 1.428,  Automatic Data Processing Inc, Q4, 0.631,  Automatic Data Processing Inc, Q2, 0.77,  CBRE Group Inc, Q4, 0.66,  Cincinnati Financial Corp, Q4, 0.728,  Coca-Cola Enterprises Inc, Q4, 0.521,  Cognizant Technology Solutions Corp, Q4, 1.149,  Estee Lauder Cos Inc/The, Q2, 1.061,  Fiserv Inc, Q4, 0.81,  FMC Corp, Q4, 0.924,  Humana Inc, Q4, 0.943,  Kimco Realty Corp, Q4, 0.332,  Lincoln National Corp, Q4, 1.275,  Marathon Oil Corp, Q4, 0.72,  Merck & Co Inc, Q4, 0.881,  NASDAQ OMX Group Inc/The, Q4, 0.665,  O'Reilly Automotive Inc, Q4, 1.323,  Prudential Financial Inc, Q4, 2.241,  Ralph Lauren Corp, Q3, 2.508,  Stericycle Inc, Q4, 0.963,  Tesoro Corp, Q4, 0.313,  Time Warner Inc, Q4, 1.152,  Walt Disney Co/The, Q1, 0.913,  XL Group PLC, Q4, 0.815
Euro Stoxx 600 Reporting: Alfa Laval AB, R, 7.205,  Algeta ASA, R, 0.342,  Banco Espirito Santo SA, R, -0.103,  Gjensidige Forsikring ASA, R, 8.37,  GlaxoSmithKline PLC, R, 1.128,  Hargreaves Lansdown PLC, S1, 0.175,  Intrum Justitia AB, R, 10.13,  Kabel Deutschland Holding AG, Q3, 0,  Konecranes OYJ, R, 1.318,  Lundin Petroleum AB, R, 0.355,  Marine Harvest ASA, R, 4.269,  Skandinaviska Enskilda Banken AB, R, 6.491,  Stora Enso OYJ, R, 0.329,  Svenska Handelsbanken AB, R, 22.126,  Syngenta AG, R, 19.932,  Vinci SA, R, 3.372
Economic Data:
  • 09:00 Eurozone January PMI Services, 51.9 exp. 51.9 previous
  • 09:30 UK January PMI Services, 59.1 exp. 58.8 previous
  • 10:00 Eurozone December Retail Sales, -0.4% exp. 1.4% previous
  • 15:00 US January Manufacturing ISM, 53.7 exp. 53.0 previous
Economic Events:
  • None Detailed
Thursday February 6, 2014
UK Reporting: Arm Holdings Plc, ARM, (SM), Astrazeneca Plc, AZN, (R), Astrazeneca Plc, AZN, e, (CC), Avon Rubber Plc, AVON, (SM), Avon Rubber Plc, AVON, (R), Beazley Plc, BEZ, (R), Blackrock New Energy Investm, BRNE, (SM), Compass Group Plc, CPG, (SM), Compass Group Plc, CPG, (R), Darty Plc, DRTY, (R), Darty Plc, DRTY, (R), Dunedin Smaller Companies, DNDL, (SM), Easyjet Plc, EZJ, (R), Enterprise Inns Plc, ETI, (R), Enterprise Inns Plc, ETI, (SM), Enterprise Inns Plc, ETI, (R), Grainger Plc, GRI, (R), Londonmetric Property Plc, LMP, (R), Paragon Group Companies Plc, PAG, (SM), Premier Oil Plc, PMO, (SM), Smith & Nephew Plc, SN, (R), Smith & Nephew Plc, SN, e, (CC), Supergroup Plc, SGP, (R), Tui Travel Plc, TT, e, (CC), Tui Travel Plc, TT, (SM), Tui Travel Plc, TT, (R), Vodafone Group Plc, VOD, (R), Vodafone Group Plc, VOD, (R)
S&P 500 Reporting: Aetna Inc, Q4, 1.361,  Alliance Data Systems Corp, Q4, 2.332,  Apartment Investment & Management Co, Q4, 0.564,  Cummins Inc, Q4, 1.98,  Diamond Offshore Drilling Inc, Q4, 0.805,  Exelon Corp, Q4, 0.537,  Expedia Inc, Q4, 0.849,  FMC Technologies Inc, Q4, 0.651,  General Motors Co, Q4, 0.869,  Kellogg Co, Q4, 0.819,  News Corp, Q2, 0.194,  Noble Energy Inc, Q4, 0.633,  Perrigo Co Plc, Q2, 1.595,  Philip Morris International Inc, Q4, 1.368,  PPL Corp, Q4, 0.496,  Republic Services Inc, Q4, 0.464,  Sealed Air Corp, Q4, 0.372,  Sigma-Aldrich Corp, Q4, 1.012,  Snap-on Inc, Q4, 1.55,  Teradata Corp, Q4, 0.846,  Twenty-First Century Fox Inc, Q2, 0.334,  VeriSign Inc, Q4, 0.591,  Vulcan Materials Co, Q4, -0.033,  Wisconsin Energy Corp, Q4, 0.585
Euro Stoxx 600 Reporting: Akzo Nobel NV, R, 2.784,  Alcatel-Lucent, R, -0.311,  AstraZeneca PLC, R, 4.955,  Credit Suisse Group AG, R, 2.209,  Daimler AG, R, 5.227,  Danske Bank A/S, R, 7.66,  Dassault Systemes, R, 3.456,  DNB ASA, R, 9.946,  DSV A/S, R, 9.514,  GEA Group AG, R, 1.878,  HeidelbergCement AG, R, 3.669,  Husqvarna AB, R, 1.855,  Metso OYJ, R, 2.067,  Nutreco NV, R, 2.41,  Orkla ASA, R, 2.194,  Pohjola Bank PLC, R, 1.19,  Sanofi, R, 5.068,  SBM Offshore NV, R, 1.884,  Sky Deutschland AG, R, -0.139,  Smith & Nephew PLC, R, 0.746,  Swisscom AG, R, 31.546,  TGS Nopec Geophysical Co ASA, R, 2.543,  TUI Travel PLC, Q1, 0,  Umicore SA, R, 1.913,  Volvo AB, R, 2.788,  Wereldhave NV, R, 3.223
Economic Data:
  • 12:00 UK MPC Rate Announcement, 0.5% exp. 0.5% previous
  • 12:45 ECB Rate Announcement, 0.25% exp. 0.25% previous
  • 13:30 US December Trade Balance, -$35.9bn exp. -$34.3bn previous
Economic Events:
  • 13:30 Draghi Press Conference
Friday February 7, 2014
UK Reporting: Aquarius Platinum Ltd, AQP, (R), Arm Holdings Plc, ARM, (SM), Gcp Infrastructure Investmen, GCP, (SM), Great Portland Estates Plc, GPOR, (SM), Melrose Industries Plc, MRO, (SM), Randgold Resources Ltd, RRS, (Oth), Restaurant Group Plc, RTN, (SM), Shaftesbury Plc, SHB, (SM)
S&P 500 Reporting: Beam Inc, Q4, 0.72,  Cigna Corp, Q4, 1.485,  FLIR Systems Inc, Q4, 0.386,  Laboratory Corp of America Holdings, Q4, 1.653,  Moody's Corp, Q4, 0.763,  Wyndham Worldwide Corp, Q4, 0.728
Euro Stoxx 600 Reporting: ArcelorMittal, R, -0.462,  Assa Abloy AB, R, 14.932,  Cofinimmo, R, 4.777,  Elisa OYJ, R, 1.286,  EMS-Chemie Holding AG, R, 12.698,  Industrivarden AB, R, 0,  Kemira OYJ, R, 0.7,  Nokian Renkaat OYJ, R, 2.079,  Outotec OYJ, R, 0.63,  Skanska AB, R, 8.445,  Statoil ASA, R, 15.002,  Tele2 AB, R, 3.378
Economic Data:
  • 09:30 UK December Industrial Production, 0.7% exp. 0.0% previous
  • 09:30 UK December Manufacturing Production, 0.6% exp. 0.0% previous
  • 13:30 US January Change in Nonfarm Payrolls, 180k exp. 74k previous
  • 13:30 US January Unemployment Rate, 6.7% exp. 6.7% previous
Economic Events:
  • None Detailed
Contact Us
  • +44 20 7894 8883
  • sales@cantorcapital.com
Footnotes
  • Times given are UK Local Time, (GMT or GMT +1 during BST)
  • Dividends:- net prices are given as default, however where applicable gross dividends are detailed (g)
  • UK Results Key:- est, UK earnings estimates when available, (CC) Conference Call, (Pr) Press Event, News Conference, (R) Results, Interims/Finals, (SM) Shareholder Meeting,  (Oth) Other Event
Regulatory Disclaimer
This market commentary note (“note”) has been issued by Cantor Fitzgerald Europe (“CFE”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). Cantor Capital and Cantor Index are trading names of CFE. This note is defined by the FCA as a marketing communication. This note has been prepared and distributed for information purposes only and represents the personal views and opinions of the sender. This note is not “investment research”, a “research recommendation” or a product of the Research Department. Please be aware that the CFE Research Department may issue a formal recommendation and target price on the stocks mentioned, which may differ from the opinion given here.  This note may contain information obtained by CFE from third parties; the source of information will usually be disclosed.  CFE makes no representation and gives no warranty as to the accuracy or completeness of the contents of this note. Any person placing reliance upon this note does so at their own risk. Investors should consider this note as only a single factor in making their investment decision. The investment discussed in this note may be unsuitable for investors depending on their specific investment objectives and financial position. CFE, its officers, employees and affiliates shall not be liable to any person in any way whatsoever for any losses, costs or claims howsoever arising from any inaccuracies or omissions in this note or any reliance on this note. The recipient is strongly recommended to see independent legal, tax and financial advice. Past performance is not necessarily a guide to future performance. Income from investments may fluctuate. The price or value of the investments to which this note relates; either directly or indirectly, may fall or rise against the interest of investors.
This note should not be considered to be a solicitation nor an offer of advice for the purposes of the sale or purchase of any security, investment or derivative.  The information contained in this note is not intended to form the basis of any investment decision and should not be considered a recommendation by CFE or any other person in relation to any of the companies, stock, commodities, currencies or other markets mentioned / referred to in this note. All the information contained herein is based upon information available to the public and has been obtained from sources believed to be reliable. However, the information contained in this note has not been verified by CFE and CFE undertakes no obligation to provide recipients of this note with any additional information or any update to or correction of the information contained in this note. This note is provided by CFE and may be forwarded unamended and in its entirety. This note may not be used in whole or in part to create any other work. All rights reserved.
FTSE International Limited (“FTSE”) © FTSE [2013]. “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and / or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and / or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
CFE is authorised and regulated by the FCA under Firm Reference Number 149380.   CFE – The Financial Services Register Information: http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=61341
Registered in England No. 02505767
Registered Address: 1 Churchill Place, London, E14 5RB
Risk Warning
Trading CFDs carries a high level of risk to your capital and is not suitable for all customers. Furthermore, margined products use leverage to increase the level of exposure to the product, and as a result your losses may substantially exceed your initial deposit and require you to make additional deposits at short notice. Prior to trading leveraged CFDs, you should carefully consider your investment objectives, experience and risk appetite and should not invest money that you cannot afford to lose.
Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. You should ensure you fully understand the risks and seek independent financial advice if in doubt.
CFE provides an execution only service and does not offer investment advice.
These products are not intended for people under the age of 18 or for US residents.
The distribution of this note in other jurisdictions may be restricted by law and persons into whose possession this note comes should inform themselves about and observe any such restrictions. By accepting this note you agree to be bound by the foregoing instructions.

 

Risk WarningFull Risk Warning

Spread Bets are leveraged products placing your capital at risk. Losses can quickly exceed your initial deposit and thus require you to make additional deposits at short notice to maintain your positions. Leveraged products are not suitable for all customers. Please ensure you understand the risks involved before opening an account. Cantor Index provides an execution only service and does not offer investment advice. You should ensure you fully understand the risks and seek independent financial advice if necessary. These products are not intended for people under the age of 18 or for US residents.