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  • Article / 19 March 2018 at 12:54 GMT

    Equities to survive macro bombardment and tech tax? – #SaxoStrats

    Head of Equity Strategy / Saxo Bank
    Denmark
    Equities to survive macro bombardment and tech tax? – #SaxoStrats
    Global equities are rolling into the new week on a weak footing following last week's declines. Macro data are getting weaker and this week's macro figures will likely support this trend. The flattening yield curve will be a big talking point, Chinese earnings releases will dominate emerging markets and technology companies will be under pressure from a potential new technology tax proposed by the EU Commission.
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    1y
    Alan M Alan M
    Hey Peter, do you remain positive on facebook from here, or do you feel this is the first of a whole shelf of shoes to drop? I...
    1y
    Peter Garnry Peter Garnry
    I can't comment specifically on the direction of Facebook. But as we highlighted in today's morning call (see link) Facebook's stock sits on the 200-day MA and...
  • Article / 16 December 2016 at 11:39 GMT

    Earnings Watch: Strong USD still bothering US companies – #SaxoStrats

    Head of Equity Strategy / Saxo Bank
    Denmark
    Earnings Watch: Strong USD still bothering US companies – #SaxoStrats
    The stronger US dollar is a persistent drag on sales growth for US companies. Sports apparel group Nike reports second-quarter earnings on Tuesday with analysts expecting EPS down 4% from the same period last year but revenue growing by 5%. However, such growth rates are significantly lower than just a few years ago due to the stronger USD, a theme that will continue to plague US companies in the upcoming fourth-quarter earnings season.
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  • Article / 12 October 2015 at 11:30 GMT

    Earnings Watch: So far, so good

    Head of Equity Strategy / Saxo Bank
    Denmark
    Earnings Watch: So far, so good
    With 34 companies in the S&P 1200 Global Index having reported Q3 earnings, we have enough data to make some preliminary conclusions. So far, results look robust but the majority of the companies that have reported are consumer companies and thus figures could change a lot when energy and materials companies report earnings.
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  • Squawk / 24 September 2014 at 12:22 GMT
    Head of Equity Strategy / Saxo Bank
    Denmark
    Accenture down 3% in pre-market trading on weaker FY 2015 guidance...
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    5y
    Peter Garnry Peter Garnry
    As we highlighted last Friday, our quant model was more negative than consensus on Accenture.
    https://www.tradingfloor.com/posts/earnings-watch-hm-likely-to-beat-consensus-next-week-1682872

    We remain negative on the stock and the pre-market levels are indicating that...
    5y
    Peter Garnry Peter Garnry
    Accenture sees FY 2015 Q1 revenue of $7.55-7.80B compared to $7.81B expected. Sees FY15 EPS at $4.74-4.88 vs estimated $4.91.
  • Article / 19 September 2014 at 14:15 GMT

    Earnings watch: H&M likely to beat consensus next week

    Head of Equity Strategy / Saxo Bank
    Denmark
    Earnings watch: H&M likely to beat consensus next week
    The Q3 earnings season has not started yet, but companies that follow a fiscal- rather than a calendar-year path are still reporting earnings. Next week, the most important earnings releases are Accenture, H&M, NIKE and Micron. Based on quant model we are most bullish on H&M which is seeing an acceleration in its business.
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  • Trade view / 01 August 2014 at 11:44 GMT
    Medium term

    Accenture shares flirt with major support line

    Trader / TheSteadyTrader.com
    United States
    Shares of consulting company Accenture PLC have been losing upside momentum for some time now and, with renewed weakness in recent weeks, are now once again testing their 2010 support line. Bears may soon get the chance to pounce on the stock on the short side.
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