Monday Pre-Market News (12/05/11): EU Yields Plummet

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.

Today’s Top Stories:

  • European Bond Yields Plummet: Spanish 10yr bond yields are all the way back to 5.20%, after peaking around 6.70%. Yields on Italian, Spanish, Belgium and French debt have fallen aggressively yet again, with Italian 10-yr yields bacl to 6.15% and equivalent Spanish debt down to 5.20%
  • Barclays on Homebuilders: “Barclays analysts are calling for a housing rebound next year and is UPGRADING DHI to 1-OW. In the absence of a government homebuyer incentive, prices for non-distressed home sales have stabilized for almost a year. He believes most important trend in the housing industry right now. data shows that a distressed home is increasingly being seen as a poor substitute for a non-distressed home and expect bifurcation to widen overtime. raising 2012 EPS ests for DHI, LEN, MTH, PHM, and TOL and lowering estimates for KBH” (Barclays Research)
  • People Are Leaving Yahoo: WSJ says that talent is exiting YHOO as morale in the company declines
  • GM’s Volt: WSJ says that GM is not finding desired success w/ Volt, probably due to its $41k price tag
  • Barclays S&P Target: “We initiate our 2012 S&P 500 price target at 1330 and update our EPS estimates for 2011 to $97 and for 2012 to $103. We still expect 6% earnings growth in 2012” (Barclays Research)
  • 2011/12 Finance Comp Report: The Options Group is out with their 2011/2012 Global Financial Market Overview and Compensation Report
  • Infographic on Facebook Helping with Jobs: Can you use Facebook to actually get a job?  16% of employers found their current job from a social networking site, up from 11% last year
  • HF’s Pouring out of Financials: Hedge fund continued to poor out of Financials during the quarter, funds on average allocated -3.6% less to financials in 3Q
  • Stocks up on EU Optimism: U.S. stock futures pointed to a higher opening for Wall Street on Monday, driven by optimism over Europe’s debt crisis after Italy announced additional fiscal measures and as investors awaited U.S. economic data

M&A Watch:

  • CMC rejects Icahn’s unsolicited $15/sh bid for company
  • SAP to buy SFSF for $3.4 billion

Disclosure: I do not have a position in any stocks mentioned in this article, do not have a plan to initiate a position within the next 72 hours.

Disclaimer:  The information, opinions, material, and any other content provided in this article is for informational purposes only and is not to be used or considered an offer or solicitation to buy or sell securities, investment products, financial instruments, or to participate in any particular investment strategy. The information, opinions, material, and any other content provided in this article does not constitute as a recommendation or as advice to buy or sell securities, investment products,  financial instruments, or to participate in any particular investment strategy.

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Guest Post
If you are interested in contributing to ValueWalk on a regular or one time basis - email us at info(at)

Be the first to comment on "Monday Pre-Market News (12/05/11): EU Yields Plummet"

Leave a comment

Your email address will not be published.