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23rd May | 27th May | Change | Consensus Rating | Broker Change | |
Allied Domecq | 2.71 | 2.63 | ![]() | Hold | Williams de Broupgrades Allied to "buy" as it is now the preferred beverage play ahead of SABMiller |
BT Group | 2.68 | 2.59 | ![]() | Hold | Many brokers amend their estimates following the telecom group's results last week. Deutsche ups sales, PBT and EPS targets, whereas Exane lowers all three. JP Morgan lowers sales but ups EPS. WLBP reiterates "buy" rating and 240p target price, heartened by the improvement in net debt position. Meanwhile, Lehman adds BT as a short to its European monthly focus list. |
Hanson | 2.83 | 2.72 | ![]() | Hold | Teather & Greenwood ups its rating to "buy". Meanwhile, Smith Barney notes that Hanson has made greater provision for potential asbestos risk relative to its liabilities than peer, Saint Gobain. |
Royal & Sun Alliance | 3.13 | 3.17 | ![]() | Hold | Goldman downgrades to "in-line" from outperform following the share price rally that occurred on the back of better than expected results, believing there is lmited upside to the current value. |
SABMiller | 2.89 | 3.11 | ![]() | Hold | Lehman lowers its rating to "underweight", ABN Amro lowers to "sell" following the revelation that management expects Miller's decline to continue a further two years. |
Scottish & Newcastle | 2.79 | 2.71 | ![]() | Hold | Williams de Broups rating to "buy" but HSBC still says "reduce". |
Tomkins | 2.82 | 2.76 | ![]() | Hold | Deutsche upgrades to "hold" following the first quarter results and ups the target price to 192p from 155p. Meanwhile, UBSWarburg downgrades to "neutral" following a recent strong performance by the shares. UBS maintains its 240p target price. |
MM02 | 2.56 | 2.59 | ![]() | Hold | Goldman downgrades to "in-line" from outperform. It believes there may be upside potential if 02 were to sell its German business but does not view this as imminent enough to compensate for the increasing competitive risks the company faces. |
3i Group | 3 | 3.2 | ![]() | Hold | Bridgewell upgrades stock to "overweight", believing its upside potential is ideal for those wary of the recent rally some "long-only" financial stocks have experienced |
Vodafone | 1.95 | 1.97 | ![]() | Outperform | WLBP says "outperform" ahead of results with a 140p target price. CSFB thinks the shares could rise to 130p if the euro holds against the pound. Oddo thinks earnings will be "decent" but Cazenove thinks Germany is a "notable risk" to ARPU levels. |
27th May | 28th May | Change | Consensus Rating | Broker Change | |
BT Group | 2.59 | 2.65 | ![]() | Hold | SG Securities downgrades to "hold" from buy given the lack of short-term catalysts for the stock. Until interims are released in November, the broker sees no spur for share price gains. |
British Airways | 2.67 | 2.73 | ![]() | Hold | Smith Barney believes a Virgin Atlantic/BA tie-in is unlikely given regulatory and ego issues. Broker still thinks BAY is the best long-term flag carrier in the sector and retains its 170p target price. |
GUS | 2.35 | 2.26 | ![]() | Outperform | Teather & Greenwood is pleased at the price GUS fetched for its home shopping business and marginally ups forecasts, although, with results imminent, further alterations are likely. |
Kingfisher | 2.47 | 2.5 | ![]() | Outperform | Exane restated its "outperform" rating ahead of results, believing the group is on track to spin-off its electricals division and create a pure play company. |
Prudential | 2.68 | 2.76 | ![]() | Hold | DKW downgrade to "reduce" from Add following the departure of Mark Tucker, CEO of Prudential Asia. Asia contributes 31% of sales and 50% of new business profits and DKW doesn't like the uncertainty. |
Royal & Sun Alliance | 3.17 | 2.96 | ![]() | Hold | HSBC dramatically raises its rating to "add" from reduce believing there to be a significant improvement in underwriting and capital adequacy |
Tomkins | 2.76 | 2.71 | ![]() | Hold | Lehman Bros follows the trend set by others last week and upgrades to "Equal weight". |
Vodafone | 1.97 | 1.92 | ![]() | Outperform | Positive results and fiery rhetoric from Sir Christopher Ghent do the trick for Deutsche. It upgrades to "buy" |
Xstrata | 2.05 | 2.17 | ![]() | Outperform | Morgan Stanley downgrades "equal weight" due to the recent rise in coal prices an the strong performance of the A$ and the Rand |
MM02 | 2.59 | 2.48 | ![]() | Outperform | SG Securities upgrades to "buy" from hold, believing the downside risk is now limited and there is speculative upside on the disposal of German operations. The target price is 77p. |
28th May | 29th May | Change | Consensus Rating | Broker Change | |
Barclays | 2.42 | 2.52 | ![]() | Hold | HSBC restates its "sell" rating following its quarterly Q&A session with CFO John Varley. Outlook remains difficult, retail division is struggling to grow and there will be a further pressure on margins. |
British Airways | 2.73 | 2.82 | ![]() | Hold | Merrill upgraded its bonds to neutral encouraged by the impact cost cutting is having on the bottom line. This has yet to impact the valuation metrics as other brokers retain cautious stances. |
EMAP | 2.78 | 2.72 | ![]() | Hold | Numis upgrades to add, encouraged by the full-year results. |
GUS | 2.35 | 2.26 | ![]() | Outperform | Positive broker reaction to both the results and the divestment of the home shopping business prompts Seymour Pierce, among others, to restate its Buy rating. |
ICI | 2.47 | 2.53 | ![]() | Hold | CSFB downgrades to underperform and lowers target price to 100p from 110p. It is dismayed by new management's apparent commitment to the old strategy and believes the discount, relative to ICI's peer group, should be reinstated. |
Kingfisher | 2.47 | 2.5 | ![]() | Outperform | Exane restated its "outperform" rating ahead of results, believing the group is on track to spin-off its electricals division and create a pure play company. |
Lloyds TSB | 2.73 | 2.73 | 0.0% | Hold | ABN Amro ups the target price to 525p and Goldman restates its outperform rating following the recent share price slide and signs of a turnaround in the business |
Pearson | 2.8 | 2.76 | ![]() | Hold | Investec upgrades Pearson to a "buy" believing that its share price has lagged a rising media sector leaving it looking relatively attractive |
Rentokil Initial | 2.53 | 2.58 | ![]() | Hold | UBS Warburg downgrades to neutral bearing in mind the group's lower underlying growth and its cautious stance on the medium term outlook. |
Vodafone | 1.97 | 1.92 | 2.5% | Outperform | Positive results and fiery rhetoric from Sir Christopher Ghent do the trick for Deutsche. It upgrades to "buy" |
UK, US and European results this week | |||||||||
Result Date | Company name | Country | Results | Consensus Rec | No. Anl | EPS | Revenue | ||
27-May | Cewe Color | D | Q1 | 1.67 | Outperform | 3 | 2.69 | 450 | |
27-May | D. Logistics | D | Q1 | 3.25 | Hold | 5 | 0.05 | 339 | |
27-May | DEAG Deutsche Entertainment | D | Q1 | 1.00 | Buy | 1 | 0.13 | 122 | |
27-May | Hannover Rkversicherung | D | AGM/Q1 | 2.35 | Outperform | 24 | 3.11 | ||
27-May | Indus | D | FY | 2.00 | Outperform | 2 | 3.26 | ||
27-May | Microlog Logistics | D | Q1 | 2.33 | Outperform | 3 | 1.70 | 357 | |
27-May | MLP | D | Q1 | 3.59 | Underperform | 18 | 0.39 | ||
27-May | RM | GB | H1 | 3.17 | Hold | 6 | 6.20 | 197 | |
27-May | Sixt | D | FY | 3.00 | Hold | 2 | 0.58 | 2,130 | |
27-May | Telekom Austria | AU | Q1 | 2.42 | Outperform | 12 | 0.20 | 3,957 | |
27-May | TUI | D | Q1 | 3.83 | Underperform | 19 | 0.66 | 20,383 | |
27-May | Umweltkontor | D | Q1 | 3.50 | Hold/Underperform | 6 | 0.27 | 264 | |
27-May | Vodafone Group | GB | FY | 1.95 | Outperform | 37 | 6.39 | 30,321 | |
Wednesday | |||||||||
28-May | Analytik Jena | D | Interims | 3.00 | Hold | 2 | 0.05 | 80 | |
28-May | British Land | GB | FY | 2.17 | Outperform | 12 | 21.87 | ||
28-May | Costco Wholesale Corp | US | Q3 | 2.52 | Hold | 25 | 1.57 | 42,087 | |
28-May | De La Rue | GB | FY | 3.25 | Hold | 4 | 17.78 | 548 | |
28-May | Emap | GB | FY | 2.76 | Hold | 18 | 48.20 | 962 | |
28-May | Euromicron | D | Q1 | 2.00 | Outperform | 1 | 1.07 | 138 | |
28-May | Gauss Interprise | D | Q1 | 4.00 | Underperform | 1 | -0.34 | 30 | |
28-May | Girindus | D | Q1 | 3.00 | Hold | 2 | -0.47 | 31 | |
28-May | GUS | GB | FY | 2.41 | Outperform | 23 | 46.35 | 7,069 | |
28-May | ICAP | GB | FY | 1.20 | Buy | 5 | 76.50 | ||
28-May | Krispy Kreme Donuts | US | Q1 | 2.14 | Outperform | 7 | |||
28-May | LPKF Laser & Electronics | D | Q1 | 2.80 | Hold | 5 | 0.19 | 26 | |
28-May | Nexus | D | Q1 | 4.00 | Underperform | 1 | 36 | ||
28-May | Northern Foods | GB | FY | 3.20 | Hold | 15 | 13.90 | 1,405 | |
28-May | Peacock Group | GB | FY | 2.18 | Outperform | 11 | 14.70 | 399 | |
28-May | Premier Farnell | GB | Q1 | 2.33 | Outperform | 6 | 11.39 | 768 | |
28-May | Shanks Group | GB | FY | 2.56 | Hold | 9 | 10.60 | 544 | |
28-May | Szucker | D | FY | 1.80 | Outperform | 10 | 1.48 | 4,406 | |
Thursday | |||||||||
29-May | Big Food Group | GB | FY | 3.06 | Hold | 16 | 2.14 | 5,180 | |
29-May | BTG | GB | FY | 2.75 | Hold | 4 | -32.53 | 33 | |
29-May | Chloride Group | GB | FY | 2.86 | Hold | 7 | 1.86 | 141 | |
29-May | Daily Mail & General Trust | GB | H1 | 2.80 | Hold | 11 | 33.00 | 2,011 | |
29-May | Electrocomponents | GB | FY | 2.78 | Hold | 9 | 16.28 | 739 | |
29-May | Invensys | GB | FY | 3.28 | Hold | 21 | 2.52 | 4,835 | |
29-May | Lonmin | GB | H1 | 2.82 | Hold | 18 | 53.94 | 466 | |
29-May | Pennon Group | GB | FY | 2.77 | Hold | 13 | 47.00 | 408 | |
29-May | PETsMART Inc | US | Q1 | 1.8 | Outperform | 5 | |||
29-May | Pilkington | GB | FY | 2.69 | Hold | 16 | 6.14 | 2,598 | |
29-May | Plasmon | GB | FY | 2.00 | Outperform | 1 | 9.36 | 61 | |
29-May | Securicor | GB | H1 | 2.00 | Outperform | 12 | 8.89 | 1,382 | |
29-May | Wagon | GB | FY | 2.33 | Outperform | 6 | 14.30 | 445 | |
Friday | |||||||||
30-May | Brain Force Software | D | Q1 | 1.00 | Buy | 1 | 0.05 | 61 | |
30-May | Fuller, Smith & Turner | GB | FY | 1.80 | Outperform | 5 | 45.25 | 139 | |
30-May | Splendid Medien | D | FY | 5.00 | Sell | 1 | -3.44 | 36 | |
30-May | Synstar | GB | H1 | 2.00 | Outperform | 4 | 3.84 | 233 | |
30-May | W.E.T. Automotive Systems | D | Q3 | 1.20 | Buy | 5 | 5.50 | 178 |
UK, US and European results this week | |||||||||
Result Date | Company name | Country | Results | Consensus Rec | No. Anl | EPS | Revenue | ||
Monday | |||||||||
16.Jun | Majestic Wine | GB | Prel. FY | 1.20 | Buy | 5 | 34.00 | 125 | |
Tuesay | |||||||||
17.Jun | Amadeus AG | D | FY | 1.00 | Buy | 1 | 0.25 | 59 | |
17.Jun | Chattem Inc | US | H1 | 2.25 | Outperform | 4 | 1.15 | 244 | |
17.Jun | Danisco | DK | FY | 2.47 | Outperform | 16 | 25.70 | 16,885 | |
17.Jun | Norstan Inc | US | FY | 2.00 | Outperform | 1 | 0.05 | 225 | |
17.Jun | Progress software | US | H1 | 2.33 | Outperform | 3 | 0.68 | 306 | |
17.Jun | Vermont Pure Holdings | US | H1 | 1.50 | Buy/Outperform | 2 | 0.17 | 75 | |
Wednesday | |||||||||
18.Jun | Babcock International | GB | AGM | 2.60 | Hold | 5 | 8.62 | 397 | |
18.Jun | Bear Stearns Companies Inc | US | H1 | 2.55 | Hold | 11 | 6.55 | 5,351 | |
18.Jun | Bouygues | F | Q1 | 2.56 | Hold | 18 | 1.37 | 21,502 | |
18.Jun | Halma | GB | Prel. FY | 3.00 | Hold | 5 | 8.60 | 271 | |
18.Jun | Hennes & Mauritz | S | H1 | 2.13 | Outperform | 26 | 8.08 | 52,101 | |
18.Jun | iSoft Group | GB | FY | 2.33 | Outperform | 9 | 13.45 | 90 | |
18.Jun | Worthington Industries | US | FY | 2.43 | Outperform | 7 | 0.94 | 2,205 | |
Thursday | |||||||||
19.Jun | AEA Technology | GB | FY | 1.00 | Buy | 2 | -12.10 | 260 | |
19.Jun | Carlo Gavazzi | CH | FY | 6.00 | N/A | 1 | -4.85 | 204 | |
19.Jun | KB Home | US | H1 | 2.80 | Hold | 10 | 8.05 | 5,608 | |
19.Jun | Lehman Brothers | US | H1 | 2.50 | Outperform/Hold | 16 | 4.39 | 6,715 | |
19.Jun | McCormick & Co | US | H1 | 2.46 | Outperform | 13 | 1.45 | 2,479 | |
19.Jun | Morgan Stanley | US | H1 | 2.83 | Hold | 18 | 3.13 | 20,363 | |
19.Jun | Saba Software | US | FY | 2.67 | Hold | 3 | -0.88 | 44 | |
19.Jun | Tibco Software | US | H1 | 2.64 | Hold | 11 | 0.06 | 260 | |
Friday | |||||||||
20.Jun | Cardiodynamics Intl Corp | US | H1 | 2.50 | Outperform/Hold | 2 | 0.06 | 31 | |
20.Jun | Tektronix Inc | US | FY | 2.77 | Hold | 13 | 0.50 | 793 |
UK, US and European results this week | |||||||||
Result Date | Company name | Country | Results | Consensus Rec | No. Anl | EPS | Revenue | ||
Tuesday | |||||||||
24.Jun | FedEx Corporation | US | FY | 2.33 | Outperform | 18 | 2.71 | 22,409 | |
24.Jun | Goldshield | GB | Prel. FY | 3.00 | Hold | 2 | 37.79 | 108 | |
24.Jun | Omnova Solutins | US | H1 | 2.00 | Outperform | 2 | -0.09 | 694 | |
24.Jun | Palm Inc | US | FY | 2.90 | Hold | 10 | -2.92 | 834 | |
24.Jun | Paychex Inc | US | FY | 2.83 | Hold | 24 | 0.78 | 1,101 | |
24.Jun | Verity Inc | US | FY | 2.50 | Outperform | 6 | 0.38 | 104 | |
24.Jun | Workspace | GB | FY | 1.86 | Outperform | 7 | 55.45 | ||
Wednesday | |||||||||
25.Jun | 3Com Corporation | US | FY | 3.11 | Hold | 9 | -0.18 | 1,012 | |
25.Jun | General Mills | US | FY | 2.06 | Outperform | 17 | 2.63 | 10,423 | |
25.Jun | Goldman Sachs Group | US | H1 | 2.47 | Outperform | 15 | 4.74 | 15,120 | |
25.Jun | Hornbach Holding | DE | FY | 3.00 | Hold | 3 | 2.12 | 1,705 | |
25.Jun | Stagecoach | GB | Prel. FY | 2.85 | Hold | 13 | 6.00 | 2,080 | |
25.Jun | Stratos Lightwave | US | FY | 4.00 | Underperform | 2 | -2.92 | 42 | |
25.Jun | The WD-40 Company | US | Q3 | 2.00 | Outperform | 3 | 1.61 | 235 | |
25.Jun | Tribal | GB | Prel. FY | 2.00 | Outperform | 6 | 17.72 | 101 | |
25.Jun | Xansa | GB | FY | 3.71 | Underperform | 14 | 4.55 | 464 | |
Thursday | |||||||||
26.Jun | Berkeley Group | GB | Prel. FY | 2.63 | Hold | 16 | 114.53 | 1,126 | |
26.Jun | Clruyt | BE | FY | 2.50 | Outperform/Hold | 15 | 3.50 | 3,168 | |
26.Jun | Del-Monte Foods | US | FY | 2.40 | Outperform | 5 | 0.84 | 3,168 | |
26.Jun | Dixons | GB | FY | 2.72 | Hold | 29 | 11.40 | 5,666 | |
26.Jun | DS Smith | GB | Prel. FY | 2.00 | Outperform | 6 | 17.41 | 1,483 | |
26.Jun | Gerry Weber | DE | FY | 3.60 | Underperform | 5 | 0.62 | 360 | |
26.Jun | Gesco AG | DE | APC | 1.00 | Buy | 1 | -1.30 | 153 | |
26.Jun | Lawson Software | US | FY | 2.67 | Hold | 3 | 0.01 | 333 | |
26.Jun | Nike Inc | US | FY | 1.86 | Outperform | 14 | 2.78 | 10,573 | |
26.Jun | Reliance Security | GB | FY | 1.50 | Buy/Outperform | 5 | 40.00 | 267 | |
Friday | |||||||||
27.Jun | Chemring | GB | H1 | 2.22 | Outperform | 10 | 29.49 | 122 | |
27.Jun | First Technology | GB | Prel. FY | 2.42 | Outperform | 12 | 26.20 | 128 | |
27.Jun | Lone Star Steakhouse | US | H1 | 1.00 | Buy | 3 | 1.42 | 605 | |
27.Jun | McCormick & Co | US | H1 | 2.46 | Outperform | 13 | 1.45 | 2,479 | |
27.Jun | Sibir Energy | GB | FY | 2.00 | Outperform | 1 | -0.80 | 17 | |
27.Jun | Tops Estate | GB | Prel. FY | 3.00 | Hold | 2 | 10.86 |
UK, US and European results this week | |||||||||
Result Date | Company name | Country | Results | Consensus Rec | No. Anl | EPS | Revenue | ||
Monday | |||||||||
30.Jun | Aetna Inc | US | H1 | 2.41 | Outperform | 17 | 4.52 | 17,988 | |
30.Jun | Artesian Resources | US | H1 | 1.67 | Outperform | 3 | 1.84 | ||
30.Jun | Berkeley Berry | GB | Prel. FY | 3.50 | Hold/Underperform | 2 | -5.40 | ||
30.Jun | Captaris | US | H1 | 3.00 | Hold | 2 | 0.05 | 94 | |
30.Jun | Hartest | GB | Prel. FY | 3.00 | Hold | 1 | 0.49 | ||
30.Jun | Intertainment AG | D | FY | 2.00 | Outperform | 1 | -0.49 | 19 | |
30.Jun | Mediware Information Systems | US | FY | 2.00 | Outperform | 2 | 0.52 | 33 | |
30.Jun | PC-Ware | D | FY | 1.00 | Buy | 1 | 0.72 | 451 | |
Tuesday | |||||||||
01.Jul | Beale | GB | Int. | 3.50 | Hold/Underperform | 2 | 8.70 | 101 | |
01.Jul | Carpetright | GB | Prel. FY | 3.14 | Hold | 7 | 50.50 | 441 | |
01.Jul | HMV Group | GB | Prel. FY | 2.00 | Outperform | 14 | 15.89 | 1,712 | |
01.Jul | Honeycombe | GB | Prel. FY | 2.00 | Outperform | 2 | 6.14 | 34 | |
01.Jul | Merix Corp | US | FY | 2.83 | Hold | 6 | -0.86 | 94 | |
01.Jul | Scottish & Newcastle | GB | Prel. FY | 2.80 | Hold | 27 | 41.20 | 4,616 | |
01.Jul | Stonemartin | GB | FY | 3.00 | Hold | 1 | -2.69 | 5 | |
Wednesday | |||||||||
02.Jul | Audiovox Corporation | US | H1 | 1.00 | Buy | 1 | 0.38 | 1,246 | |
02.Jul | Biomet | US | FY | 2.35 | Outperform | 20 | 1.09 | 1,387 | |
02.Jul | Greene King | GB | Prel. FY | 2.07 | Outperform | 14 | 70.00 | 538 | |
02.Jul | Heidelberger Druckmaschinen | D | FY | 3.27 | Hold | 23 | 0.64 | 3,991 | |
02.Jul | Northgate | GB | FY | 1.56 | Outperform | 9 | 40.93 | 320 | |
02.Jul | Somerfield | GB | FY | 2.64 | Hold | 14 | 4.95 | 4,683 | |
02.Jul | Stolt Offshore | US | H1 | 3.00 | Hold | 6 | -0.97 | 1,625 | |
02.Jul | Vega Group | GB | FY | 2.00 | Outperform | 1 | 5.90 | 34 | |
Thursday | |||||||||
03.Jul | Heiton Group | IL | Prel. FY | 2.33 | Outperform | 4 | 0.43 | 463 | |
03.Jul | Online Travel | GB | Prel. FY | 1.00 | Buy | 1 | 1.20 |
The Dow has formed a nice range, with clear boundaries to trade tomorrow. We will watch 9,260 up and 9,160 down.
Short Term Dow
Short term, the Dow is sitting at the lower trend line of the channel formed in the 60 Minute Chart at 9,200. Watch for a downside break at that trend line to indicate direction at the Open.
Medium Term Dow
In the medium term, we entered the market Short today at 9,180, but were stopped out with a 10 point loss. We are now out of the market, and will watch 9,160 down and 9,260 up, with 10 point stops.
NASDAQ & S&P
The NASDAQ continued to trend higher today within its sloping channel, and the S&P formed a range within its channel. We will be watching the boundaries tomorrow. *
Summary
The Dow traded sideways today, forming a range at the highs, which has given us clear levels to trade tomorrow. We are out of the market and will be watching 9,160 down and 9,260 up for tomorrow.
UK, US and European results this week | |||||||||
Result Date | Company name | Country | Results | Consensus Rec | No. Anl | EPS | Revenue | ||
Monday | |||||||||
14.Jul | Pace Mirco Tech | GB | Prel. FY | 3.00 | Hold | 5 | -7.14 | 183 | |
14.Jul | Bank of America Corp | US | H1 | 2.04 | Outperform | 23 | 6.29 | 36,605 | |
14.Jul | BB&T Corporation | US | H1 | 3.15 | Hold | 20 | 2.85 | 4,854 | |
14.Jul | Citigroup | US | H1 | 2.00 | Outperform | 16 | 3.24 | 77,418 | |
14.Jul | SKF AB | S | H1 | 2.17 | Outperform | 23 | 20.96 | 41,573 | |
Tuesday | |||||||||
15.Jul | Agie Charmilles | CH | H1 | 3.20 | Hold | 6 | 3.70 | 1,021 | |
15.Jul | Dow Jones & Co | US | H1 | 3.36 | Hold | 11 | 0.87 | 1,526 | |
15.Jul | FleetBoston Financial Corporation | US | H1 | 2.52 | Hold | 21 | 2.38 | 11,427 | |
15.Jul | Gannett | US | H1 | 2.42 | Outperform | 19 | 4.53 | 6,665 | |
15.Jul | Intel Corporation | US | H1 | 2.35 | Outperform | 34 | 0.62 | 28,297 | |
15.Jul | Mellon Financial Corporation | US | H1 | 2.67 | Hold | 15 | 1.62 | 4,196 | |
15.Jul | New York Times | US | H1 | 2.53 | Hold | 15 | 2.03 | 3,263 | |
15.Jul | Seagate Technology | US | Q4 | 2.00 | Outperform | 10 | 1.36 | 6,473 | |
15.Jul | Sinnerschrader | D | Q2 | 4.00 | Underperform | 1 | |||
15.Jul | Stryker Corp | US | H1 | 2.50 | Outperform | 22 | 2.16 | 3,500 | |
15.Jul | Suedzucker | D | Q1 | 2.60 | Hold | 10 | 1.55 | 4,564 | |
15.Jul | Teles | D | Q2 | 1.50 | Buy | 2 | 0.47 | 79 | |
15.Jul | USBancorp | US | H1 | 2.15 | Outperform | 26 | 1.98 | 13,053 | |
Wednesday | |||||||||
16.Jul | Advanced Micro Devices | US | H1 | 3.32 | Hold | 25 | -1.50 | 2,786 | |
16.Jul | Bank One Corporation | US | H1 | 3.05 | Hold | 21 | 2.96 | 16,544 | |
16.Jul | Capital One Financial Corporation | US | H1 | 2.17 | Outperform | 23 | 4.68 | 10,462 | |
16.Jul | General Dynamics Corporation | US | H1 | 2.68 | Hold | 19 | 4.88 | 14,943 | |
16.Jul | Harley-Davidson Inc | US | H1 | 2.33 | Outperform | 15 | 2.32 | 4,648 | |
16.Jul | Knight-Ridder | US | H1 | 2.60 | Hold | 15 | 3.69 | 2,902 | |
16.Jul | Microgen | GB | H1 | 2.00 | Outperform | 2 | 3.00 | 25 | |
16.Jul | Micronas | CH | H1 | 2.06 | Outperform | 17 | 2.44 | 742 | |
16.Jul | Rhoen Klinikum | D | H1 | 2.25 | Outperform | 4 | 2.82 | 972 | |
Thursday | |||||||||
17.Jul | Altria Group | US | H1 | 1.82 | Outperform | 11 | 4.64 | 78,811 | |
17.Jul | Avocet Mining | GB | FY | 2.00 | Outperform | 2 | 3.50 | ||
17.Jul | Bankinter | S | Q2 | 2.76 | Hold | 25 | 1.62 | ||
17.Jul | Bespak | Gb | Prel. FY | 2.33 | Outperform | 5 | 16.10 | ||
17.Jul | Coca-Cola | US | H1 | 2.11 | Outperform | 18 | 1.83 | 20,917 | |
17.Jul | Electrolux | S | H1 | 2.67 | Hold | 18 | 16.72 | 126,567 | |
17.Jul | Eniro AB | S | Q2 | 2.27 | Outperform | 15 | 3.61 | 5,150 | |
17.Jul | First Data Corporation | US | H1 | 1.89 | Outperform | 28 | 1.92 | 8,746 | |
17.Jul | Georg Fischer | CH | H1 | 2.86 | Hold | 7 | 19.18 | 3,285 | |
17.Jul | Microsoft | US | Q4 | 1.65 | Outperform | 31 | 1.04 | 31,991 | |
17.Jul | Misys | GB | Prel. FY | 2.54 | Hold | 28 | 17.32 | 1,030 | |
17.Jul | Nokia | FI | Q2 | 2.40 | Outperform | 56 | 0.79 | 30,685 | |
17.Jul | Northern Rock | GB | H1 | 2.33 | Outperform | 24 | 63.32 | ||
17.Jul | SAP | D | Q2 | 2.66 | Hold | 45 | 3.51 | 7,237 | |
17.Jul | Silk Industries | GB | Prel. FY | 1.00 | Buy | 1 | 6.40 | ||
17.Jul | Wachovia Corporation | US | H1 | 2.35 | Outperform | 20 | 3.10 | 19,030 | |
Friday | |||||||||
18.Jul | Abbey | IR | Prel. FY | 1.50 | Buy | 3 | 0.88 | ||
18.Jul | Keycorp | US | H1 | 3.26 | Hold | 19 | 2.14 | 4,567 | |
18.Jul | Mattel | US | H1 | 2.29 | Outperform | 14 | 1.28 | 5,005 | |
18.Jul | Tietoenator | FI | Q2 | 2.48 | Outperform | 27 | 1.17 | 1,399 |
THE WEEK AHEAD | ||||||
The broker ratings are overall consensus figures derived from Reuters Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform, and 5=Sell. | ||||||
Company Name | Country | Results | Consensus | No.Anl | EPS* | Revenue* |
Tuesday 26 August, 2003 | ||||||
AWD Holding | D | H1 | Outperf. | 10 | 0.87 | - |
Bunzl | UK | Int. | Hold | 15 | 30.34 | 2781 |
H&R Block | US | Q1 | Hold | 4 | 3.525 | - |
Hewlett-Packard | US | Q3 | Outperf. | 24 | 1.2 | - |
Hochtief | D | H1 | Outperf. | 8 | 0.79 | 12366 |
Persimmon | UK | Int. | Outperf. | 18 | 78.3 | 1857 |
Reckitt Benckiser | UK | Int. | Outperf. | 17 | 63.95 | 3714 |
Stada Arzneimittel | D | Q2 | Hold | 16 | 2.35 | 742 |
Telekom Austria | AU | Q2 | Hold | 15 | 0.21 | 3932 |
Wednesday 27 August, 2003 | ||||||
Aggreko | UK | Int. | Hold | 12 | 10.14 | 325 |
Bodycote | UK | Int. | Hold | 14 | 10.58 | 433 |
Hammerson | UK | Int. | Outperf. | 12 | 30.33 | - |
Hannover Rkversicherung | D | Q2 | Hold | 25 | 2.99 | - |
Johnston Press | UK | Int. | Outperf. | 11 | 29.6 | 487 |
Thiel Logistik | D | H1 | Underperf. | 6 | -0.1 | 1821 |
WCM | D | Q2 | Hold | 4 | 0.06 | - |
Wilson Bowden | UK | Int. | Outperf. | 15 | 151.2 | 1145 |
Thursday 28 August, 2003 | ||||||
AMEC | UK | Int. | Hold | 12 | 26 | 4755 |
Carrefour | F | H1 | Outperf. | 36 | 2.63 | 71086 |
Dollar General | US | Q2 | Hold | 16 | 0.87 | |
Hilton Group | UK | Int. | Hold | 24 | 12.3 | 5769 |
Mchener Rkversicherung | D | H1 | Hold | 36 | 6.25 | |
Nordex | D | Q3 | Underperf. | 9 | -1.19 | 305 |
Rexam | UK | Int. | Outperf. | 15 | 38.7 | 3220 |
Slough Estates | UK | Int. | Hold | 9 | 27.9 | |
Tomkins | UK | Int. | Hold | 17 | 18.69 | 3201 |
TUI | D | Q2 | Underperf. | 25 | 2.93 | 19812 |
Wellington Underwriting | UK | Int. | Outperf. | 4 | 10.9 | |
Westbury | UK | Int. | Outperf. | 11 | 69 | 892 |
Friday 29 August, 2003 | ||||||
BHP Billiton | UK | FY | Hold | 22 | 18.6 | 10013 |
THE WEEK AHEAD | ||||||
The broker ratings are overall consensus figures derived from Multex Global Estimates reports. The EPS, EBIT and revenue estimates relate to the full-year and therefore do not necessarily correlate to the reporting period indicated. The consensus recommendation gives a numerical rating where 1=Buy, 2=Outperform, 3=Hold, 4=Underperform, and 5=Sell. | ||||||
Company Name | Country | Results | Consensus | No.Anl | EPS* | Revenue* |
Monday 01 September, 2003 | ||||||
Abbot | UK | H1 | Outperf. | 6 | 11.65 | 395 |
Altadis | SP | H1 | Outperf. | 22 | 2.05 | 3,401 |
Avis | UK | H1 | Outperf. | 6 | 5.89 | 764 |
British Vita | UK | H1 | Hold | 9 | 23.00 | 904 |
Cairn Energy | UK | H1 | Outperf. | 12 | 28.30 | 146 |
John Laing | UK | H1 | Outperf. | 8 | 4.80 | 225 |
TIM | I | H1 | Outperf. | 44 | 0.21 | 11,528 |
Tuesday 02 September, 2003 | ||||||
BAA | UK | H1 | Outperf. | 16 | 33.48 | 2,019 |
Brambles | UK | FY | Hold | 11 | 11.60 | 3,030 |
Computacenter | UK | H1 | Hold | 13 | 21.90 | 2,524 |
L'Oreal | F | H1 | Outperf. | 28 | 2.39 | 14,415 |
Meggit | UK | H1 | Outperf. | 15 | 17.80 | 420 |
Schroders | UK | H1 | Hold | 12 | 16.20 | |
Telecom Italia | I | H1 | Outperf. | 26 | 0.20 | 30,885 |
Wednesday 03 September, 2003 | ||||||
Associated British Ports | UK | H1 | Hold | 13 | 30.30 | 412 |
Gallaher | UK | H1 | Hold | 17 | 55.08 | 3,575 |
HJ Heinz | US | Q1 | Hold | 12 | 2.20 | |
LogicaCMG | UK | H1 | Hold | 35 | 8.10 | 1,677 |
Seat Pagine Gialle | I | H1 | Outperf. | 8 | 0.04 | 1,481 |
Serco | UK | H1 | Outperf. | 17 | 10.30 | 1,525 |
Signet | UK | H1 | Outperf. | 8 | 7.64 | 1,655 |
TotalFinaElf | F | H1 | Outperf. | 32 | 11.05 | 102,047 |
Thursday 04 September, 2003 | ||||||
Arriva | UK | H1 | Hold | 12 | 32.30 | 1,600 |
Casino, Guichard-Perrachon et Compagnie | F | H1 | Outperf. | 29 | 4.98 | 23,468 |
Diageo | UK | FY | Outperf. | 26 | 48.32 | 9,830 |
International Power | UK | H1 | Hold | 15 | 10.30 | 904 |
Intertek Testing Services | UK | H1 | Outperf. | 7 | 27.70 | 459 |
Lafarge | F | H1 | Outperf. | 22 | 5.30 | 13,440 |
National Semiconductor | US | Q1 | Hold | 19 | 0.73 | |
Pinault-Printemps-Redoute | F | H1 | Outperf. | 28 | 5.85 | 24,672 |
Royal & Sun Alliance | UK | H1 | Hold | 23 | 24.50 | |
Suez Lyonnaise | F | H1 | Hold | 30 | 1.03 | 42,610 |
Tullow Oil | UK | H1 | Outperf. | 12 | 6.44 | 139 |
Wilson Connolly | UK | H1 | Hold | 12 | 24.52 | 742 |
Friday 05 September, 2003 | ||||||
AGA Foodservice | UK | H1 | Outperf. | 10 | 22.00 | 395 |
Go-Ahead | UK | FY | Hold | 12 | 67.20 | 1,077 |
JD Wetherspoon | UK | FY | Outperf. | 25 | 17.10 | 711 |
Marshalls | UK | H1 | Outperf. | 6 | 20.90 | 347 |
Rank | UK | H1 | Hold | 19 | 21.80 | 1,707 |
RMC | UK | H1 | Hold | 17 | 34.75 | 4,741 |