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Potash Downgraded At HSBC On 'Uncertain Strategy'
Wednesday, October 7, 2015 - 10:29am | 377Read More...Potash Corporation of Saskatchewan (USA) (NYSE: POT) shares have plunged 40 percent year-to-date, declining steadily from above $35 in March to slipping below $25 in September. HSBC analyst Yonah Weisz downgraded the rating on the company from Buy to Hold, while reducing the price target...
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Why The Modern Currency Wars Are Unproductive
Thursday, October 1, 2015 - 8:51am | 355Read More...HSBC believes that the inflationary environment created by currency devaluation in the 1930s is an unrealistic goal for modern economies. In recent years, the devaluation of 60 percent of global currencies has come at the expense of the stronger 40 percent of currencies. The modern world...
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Is M&A Activity Slowing Down? Not At All, A New Study Shows
Monday, September 28, 2015 - 3:09pm | 1390Read More...According to Merrill Datasite, global buyouts in August featured 102 deals worth $46.9 billion, marking an increase of 89.1 percent from a year ago. North America was the dominant player in global M&A by value, with 307 deals worth $177.3 billion. The increased M&A activity at the end of...
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Experts: Buy These Dividend Stocks Before A Fed Rate Hike
Monday, September 14, 2015 - 1:26pm | 409Read More...HSBC believes that the first interest rate hike will be a non-event for high yielding dividend stocks. HSBC is calling for the Fed to begin raising rates in December. High-yielding dividend stocks from Hong Kong and Emerging Markets will be the biggest beneficiaries of rising rates. With the...
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How OLED Demand Could Boost Samsung, Other Asia-Based Peers
Tuesday, September 8, 2015 - 1:10pm | 309Read More...A new report by HSBC analyst Ricky Seo takes an in-depth look at the booming organic light-emitting diode (OLED) business. Seo believes that the recent strength in OLED will continue in coming years and Samsung Electronics Co Ltd (OTC: SSNLF) and other Asian manufacturers will be the major...
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US Stock Futures Gain Ahead Of Jobless Claims
Thursday, September 3, 2015 - 7:11am | 452Read More...Pre-open movers US stock futures traded higher in early pre-market trade. Data on weekly jobless claims and international trade for July will be released at 8:30 a.m. ET. The services PMI for August will be released at 9:45 a.m. ET, while the ISM non-manufacturing index for August will be released...
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HSBC: Weibo Still A Buy, Becoming 'Increasingly Important' In Alibaba Ecosystem
Friday, July 3, 2015 - 10:25am | 213Read More...In a report published Friday, HSBC analyst Andy Hargreaves maintained a Buy rating on Weibo Corp (ADR) (NASDAQ: WB), while reducing the price target from $22 to $21, noting the company's closer cooperation with Alibaba Group Holding Ltd (NYSE: BABA). "Weibo has 89m daily active users, mostly young...
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HSBC Upgrades Petrobras To Hold
Tuesday, June 30, 2015 - 9:14am | 54Read More...Analysts at HSBC upgraded Petroleo Brasileiro Petrobras SA (ADR) (NYSE: PBR) from Reduce to Hold. Petrobras shares have dropped 38.02 percent over the past 52 weeks, while the S&P 500 index has surged 4.27 percent in the same period. Petrobras shares fell 0.11 percent to close at $9.02...
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HSBC Upgrades Petrobras, But Warns Of 'Challenging Execution'
Tuesday, June 30, 2015 - 7:42am | 227Read More...In a report published Tuesday, HSBC analyst Luiz Carvalho upgraded the rating on Petroleo Brasileiro Petrobras SA (ADR) (NYSE: PBR) from Reduce to Hold, while raising the price target from BRL9 to BRL15. Petrobas outlined its 2015-2019 business plan that included a $58 billion divestment plan and...
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HSBC Initiates Southern Copper At Buy
Wednesday, June 24, 2015 - 10:36am | 54Read More...HSBC initiated coverage on Southern Copper Corp (NYSE: SCCO) with a Buy rating. Southern Copper shares have gained 1.55 percent over the past 52 weeks, while the S&P 500 index has surged 8.40 percent in the same period. Southern Copper shares fell 0.03 percent to close at $30.14 yesterday.
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The Latest Fed Dot Plot Projections
Wednesday, June 17, 2015 - 11:18am | 376Read More...HSBC Global Research analyst Kevin Logan recently previewed this week’s FOMC meeting. In his report, Logan discussed HSBC’s expectations for the Federal Reserve and outlined what concerned investors should be watching for this week. Latest Fed Dot Plot Projections The most recent...
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HSBC Cuts Alibaba Price Target To $124, But Maintains Buy
Wednesday, June 10, 2015 - 9:04am | 255Read More...In a report published Wednesday, HSBC analyst Chi Tsang maintained a Buy rating on Alibaba Group Holding Ltd (NYSE: BABA), while reducing the price target from $136 to $124. Alibaba's 1Q results are expected to be hit by the continued suspension of online lottery sales, lower revenue from Juhusuan...
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Analyst Says July 20 Is 'Real Crunch Point' For Greece
Friday, June 5, 2015 - 2:52pm | 269Read More...Greece, which deferred making key debt payments Thursday, is likely to remain a member of Europe's monetary union, an analyst said Friday. "Our central forecast remains that Greece will stay in the eurozone," HSBC's Fabio Balboni said. A survey released Friday by Greek...
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Russian Inflation Is Easing, But What's Next?
Friday, June 5, 2015 - 2:26pm | 374Read More...While Russia’s annual CPI growth fell from 16.4 percent in April to 15.8 percent in May, economic conditions in the country and the health of its currency continue to deteriorate. The collapse in oil prices and international economic sanctions relating to the Russia’s actions in the...
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HSBC Upgrades Lloyds Banking Group To Buy
Friday, June 5, 2015 - 8:10am | 58Read More...Analysts at HSBC upgraded Lloyds Banking Group PLC (ADR) (NYSE: LYG) from Hold to Buy. Lloyds Banking Group shares have dropped 0.92 percent over the past 52 weeks, while the S&P 500 index has surged 7.51 percent in the same period. Lloyds Banking Group shares fell 0.37 percent to $5.38 in pre-...
