Trade Idea: play out the cointegration between Apple and Amazon

After a long ride south, investors are now given the highly debated Q1 results, which did not seem to bring enough surprise to trigger a turnaround in the stock. However, what we see is indecisive investors frenetically buying and selling the stock on expectations of a short-lived rebound, hindered by a lower prospect of revenues […]

Apple’s historic, mammoth buyback program – The largest in corporate history

Apple, Inc. Market Cap (as of 26/04/13): $391.61bn Transaction Size: $100bn over three years (program to end in late 2015) On the 23rd of April, Apple reported its quarterly earnings, with revenues on the rise YoY albeit paired with a lower net income. The results were largely in line with analysts’ estimates and beat the […]

BB Seguridade pushes Brazilian IPO market for a rebound

Banco Do Brasil Market Cap (as of April 26th 2013) : € 27.94 bn BB Seguridade Market Cap (as of April 26th 2013) : € 10.91 bn Deal size: € 3.27 bn (30% of total shares), € 3.76 bn with Greenshoe option fully exercised On April 26th it was announced that Banco Do Brazil had […]

Dish raises the stakes for Sprint: is a bidding war coming soon?

Dish Network Market Cap (as of 19/04/13): $17.68bn Sprint Nextel Corporation Market Cap (as of 19/04/13): $21.61bn Softbank Market Cap (as of 19/04/13): $52.37bn Deal size: $25.5bn ($17.3bn cash and $8.2bn stock) On Monday the 15th of April the US satellite television operator Dish Network has come forward with an unsolicited $25.5bn cash and stock […]

Thermo Fisher to pay $13.6bn for Life Technologies

Thermo Fisher Scientific Inc. Market Cap(as of 19/04/13) : $28.7 bn Life Technologies Corp. Market Cap(as of 19/04/13): $12.6 bn Deal size: $13.6bn   On April 15th , Thermo Fisher Scientific, the second-biggest maker of life sciences equipment by market value, agreed to buy for $13.6bn  Life Technologies Corporation, a California based manufacturer of  laboratory […]

General Electric to buy Lufkin for $3.3bn

General Electric Market Cap(as of 19/04/13)  : $253.73bn Lufkin Industries Market Cap(as of 19/04/13): $2.97bn Deal size: $3.3bn, all cash General Electric Oil and Gas, a division of General Electric Corp., agreed to acquire Lufkin Industries, a manufacture of specialist pumps based in Texas, taking a further step to grow and consolidate its business through […]

Trade Idea: Long Abbott with a bear spread protection

Abbott has endured a strong rally that took out $35 level, leaving the stock set to benefit from the momentum that is being built up following the positive Q1 results.  The overall sector is becoming more popular in the screens of traders as Life Technologies Corp. it is set to be acquired by Thermo Fisher […]

Trade idea: Short CAC40

Gold’s fall coupled with worrying macroeconomic data ignited a risk-off sentiment this week, turning investors far more pessimistic. If we add the UK downgrade, usual May sell-in and the weak momentum across markets of last week, we can imagine a bearish scenario for the coming days. In particular, we believe that the France situation is […]

Trade Idea: FX update, Long USD/JPY

After having come very close to the 100 peak, this week the USD lost some ground to the JPY trading close to the 98 level. We believe that the next target is obviously the breaking out of the 100 line. On the one hand we have updates from BOJ governor Kuroda who said that the […]

BSIC SPRING INTAKE

BSIC is currently recruiting! See the “Join us” section for all the relevant details. Facebook event […]

Q&A on the Cyprus situation

How big is Cyprus’ economy?  GDP of €18.0bn as of 2011 (latest official figure)   Why does Cyprus need a bailout? Did Cyprus have an irresponsible/spendthrift Government? No, it is its banks that are the problem. Cyprus’ Debt/GDP ratio stood at 49% in 2008 and rose to 71% by 2011 as a result of the […]

Rosneft-TNK BP: The biggest takeover in the history of the oil industry is finally completed

TNK-BP Energy Group Inc. Enterprise Value: $55.7 bn Rosneft Market Cap (as of 22/03/13) : $81.60bn British Petroleum  Market Cap (as of 22/03/13) : $133.37bn Deal type: Acquisition increase from 50% to 100% all-cash Rosneft, the Russian state oil giant completed on the 21st of March the acquisition of the remaining 50 percent stake in […]

Trade idea: Spread Long S&P 500 short Nikkei

We believe that in case of a strong distress the Nikkei index can suffer the most. Why not European equities? We believe that European equities have already suffered from the recent turmoil while the Japanese index has been heavily unaffected and has recently rallied dramatically, completely diverging from fundamentals whose forecasts have continuously declined recently. […]

Trade idea: Go long the Dollar

We believe that the strong fundamentals of the US economy will further push the USD that recently has underperformed its counterparties. However we believe that in the long run the currency will appreciate. We suggest two ways to take advantage of this outlook: First by selling put options on the USD/JPY strike 94.00 maturity May13 […]

The EU financial transaction tax (EU FTT, aka the “Tobin Tax”)

The EU financial transaction tax (EU FTT, aka the “Tobin Tax”)   The tax that divides Europe. “Any US or Asian institutions trading securities issued in France, Germany, Italy or Spain would also be taxed”.   Aims: Raise new revenues for the EU, thus plugging gaps in national budget deficitsand hit speculative trading.   Which […]

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