Phil Renwick | February 19, 2012
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IBM Gets A Buy Recommendation

The firm Stern Agee begins coverage of the title Fellow of International Business Machines (IBM) with a buy recommendation supported a target of 230 USD, implying a potential yield of 19% over current of about 193 USD.

Such a target of 230 USD is based on a multiple price / earnings ratio of only 13.5 times earnings per share of 17.00 USD expected for fiscal 2013. The analyst Shaw Wu of Stern Agee also expressed the view that the goal of IBM to deliver earnings per share of $ 20.00 in 2015 remains in the realm of possibility.

Last November, the well-known investor Warren Buffett announced it had acquired 5.5% of the shares of computer giant has accumulated its position since March 2011. This online portfolio is equivalent to 64 million shares, and is a total investment of 10.7 billion USD, according to a unit price of about $ 170 share.

At the end of October 2011, International Business Machines (IBM) had announced an increase in its share buyback program for cancellation, mentioning provide a new authorization request to the Board to this effect in April 2012. Indeed, Warren Buffett said to appreciate the fact that the company as much money back to shareholders.

The market capitalization of software giant now stands at nearly 224 billion USD. The share price has traded in a range between $ 151.71 and $ 194.90 US US in the last year
Category: Stocks | Tags: , ,
Phil Renwick | February 19, 2012
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Zynga Rise In Stock Price Since IPO Offering

Last August, The New York Post quoted two sources familiar with the case which the game publisher Zynga wanted to delay its IPO. But, Reuters and Business Insider reported that the date would be between 17 and 24 November and they were correct.

Last May, Business Insider reported that Zynga could already opt for a quick introduction on the stock market, so to benefit from increased demand for shares of LinkedIn and Yandex. Meanwhile, Bloomberg noted that a proportion of less than 10% of the Zynga stock could be offered at the initial public offering. The popular game publisher therefore provide only a small percentage of its ownership to investors, thus offering the advantage of retaining control over his destiny, while creating a scarcity effect sufficient to blow its stock price.

Of through this highly anticipated IPO, leaders Zynga seeking funding of between 1.5 billion to 2 billion USD, for a value estimated at 15 to 20 billion USD.

However, a number of risks on the profitability of the company. Thus, a deterioration of business relationships with Facebook could generate significant revenue loss. In addition, a small percentage of players account for the majority of group revenue. Bloomberg points to a low percentage of active players (1%) were responsible for the majority of group revenue, a significant proportion of anywhere between 25% to 50%
Category: Stocks | Tags: , , , ,
Phil Renwick | February 3, 2012
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Markets Hold High Whilst Futures Prices Rate Downwards

While European markets take a break today after new highs at the start of session, the Dow Jones is expected to open slightly lower than 0.1% this afternoon. Operators should therefore opt for caution before the President’s speech at the Federal Reserve, even if the statistics of the day are a little better than expected. The weekly jobless claims came out at 367K while the market waited for 373K and productivity increased by 0.7% while the consensus is 1%.
DOW JONES index finished the session up 0.66% at 12,716 points.

Technically, an upward bias is currently privileged Hourly Data above 12,670 points, crossing of moving averages 20 and 50 hours. In the very short term, then monitor the output of 12670/12780 points to act in one way or the other. A top out of this range would indeed require the rallying points 12830/12875 fast. In contrast, under the 12,670 points, there should be the beginning of a consolidation towards 12,560 points and 12,475 points.

Futures prices this morning have slightly reduced their lead to 14:30 after the release of the ADP survey in the private sector below expectations. 170K jobs were created while the consensus is 189K. At 16h, will still be released the ISM manufacturing index and construction spending, and oil stocks at 16.30.
The U.S. index that finished down slightly from 0.16% to 12,632 points yesterday, is now expected to rise 0.5%.

Technically, the DOW JONES is horizontal consolidation phase for several sessions within the trading range 12560/12710 points. A top out of the zone of indecision would require buy-fast 12,760 points and 12,830 points. In contrast, under the 12,560 points, we can probably expect a downward acceleration with 12,475 points and 12,315 points in sight.
Category: Finance | Tags: , , ,
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