Toscafund is now known largely for its super bullish view of UK economy. The opinion is not applicable to the rest of Europe, rather the managers of Toscafund believe that UK is in a great shape to cash in to the demand that the troubled eurozone cannot fulfill. The fund’s investments have paid off handsomely so far, the returns were up 2.35 percent in April which brought the YTD gain to 10.4 percent. Recently...
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Dell Inc. (NASDAQ:DELL) reported first quarter earnings yesterday that fell short of Wall Street estimates despite revenues coming above analysts’ expectations. Revenues fell 2 percent YoY to $14.1 billion, compared to the consensus estimate of $13.5 billion. However, EPS of 21 cents was far less than the consensus estimate of 35 cents a share. Deutsche Bank AG (NYSE:DB) (ETR:DBK) said in its latest research report that the heavy decline in profitability was due to the company...
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Unlike most other funds reporting their 13F filings today, Jim Chanos’ Kynikos Associates actually bought shares of Apple Inc. (NASDAQ:AAPL) during the first quarter of the year. In all, the firm only bought three new stocks during the first quarter. It increased its stake in seven others, sold out of four stocks and cut its holdings in 10 others. The firm’s top five stocks at the end of March were iShares FTSE / Xinhua...
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Tesla Motors Inc (NASDAQ:TSLA) stock has been among the favorites for some weeks now, Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) in a research report has maintained hold rating on Tesla and at the same time has raised the price target to $50 from $35. Following are the reasons: Those traders who have shorted the stock will cover it, which could surge the price of stock for some time. According to Deutsche Bank AG (ETR:DBK) (FRA:DBK)...
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has come up with the two other high-end Lumia phones, in addition to its Lumia 920 range, which have aluminum casing with the same camera, Lumia 928 and the other one Lumia 925, launched yesterday. Nokia Lumia 925, which has improved 8.7MP camera with a Pure View technology. The phone will be targeted at high-end segment. The Lumia 925 comes with a metal body, and the other hardware...
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Indian IT solutions company Rolta India Limited (NSE:ROLTA)’s wholly owned subsidiary, Rolta LLC, raised $200 million. India Junk Bonds First Yield This deal signifies India’s first ‘junk’ bond this year, with U.S. investors lapping up a large part of the offering by the midsize technology company. Rolta India Limited (NSE:ROLTA) announced that the successful pricing of 10.75 percent Senior Notes in the international markets, was oversubscribed by 2 times. The demand came from a high...
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Jim Chanos Ira Sohn coverage Brought to you by ValueWalk. Jim Chanos is Founder and Managing Partner of Kynikos Associates LP., the most famous short biased hedge fund. Jim Chanos seeks to profit from the unusually high alphas found on the short side (and sometimes long side) of the U.S. and non-U.S. equity markets (see Chanos’ massive European short portfolio here). Jim Chanos looks for cases of fraud as well as companies which he believes...
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Equity markets, as measured by the S&P 500, have surged to new highs while the U.S. 10 year Treasury yield has approached fresh year to date lows, an uncharacteristic divergence; according to Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB). Equity investor flows to long short funds and equity mutual funds have slowed. In contrast flows to fixed income vehicles have accelerated and investors have positioned long primarily. Demand for U.S. Treasuries was met with basically...
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Regulators monitoring power markets found a unit of JPMorgan Chase & Co. (NYSE:JPM) manipulated trading in California and Michigan electricity markets, says a report from the New York Times. New York Times Report For JPMorgan Chase & Co. (NYSE:JMP) As per the report, the source of the news is a 70-page government document that was sent to JPMorgan Chase & Co. (NYSE:JPM) in March. The report criticized Blythe Masters, who is the bank’s current head of...
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Alcoa Inc (NYSE:AA)’s decision to review 460,000 metric tons of smelting capacity over the next 15 months for possible closure is the right move according to analysts at Deutsche Bank Markets Research citing weak prices of aluminum, which has fallen by 33 percent from its peak in 2011. Deutsche Bank Markets Research analysts, Jorge Beristain, Wilfredo Ortiz, David Martin cited that the possible closure of 11 percent of the aluminum giant’s smelting capacity will...
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Angie’s List Inc (NASDAQ:ANGI): On its best day, and if the company can defy all history and common sense, it could be worth $6 a share. If you don’t believe Citron, take it from Goldman Sachs Group, Inc. (NYSE:GS) and Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB). Angie’s List Inc (NASDAQ:ANGI) is the most ridiculous, stupid, misunderstood, negligent, nonsensical, outdated, irresponsible business model in the new web economy. Citron will show the obvious fatal flaws that...
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