from Morning Bid with David Gaffen:

Thinking global, earning local

November 14, 2014

Earnings season has really closed down, with Wal-Mart out of the way, and with the markets sitting just a touch off record highs, it’s worth looking at how earnings fared and what valuations suggest right now.

from Breakingviews:

Nutreco’s $3 bln buyout shows value of food chain

October 20, 2014

By Quentin Webb

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Morning Bid with David Gaffen:

The cage is full

October 15, 2014

The equity market stabilized on Tuesday but only just barely - a 0.16 percent gain on the S&P 500 is nothing to write home about - but that the market bounced off support levels around 1,876 was notable enough.

from Breakingviews:

Snapchat’s valuation soars on tech-land pixie dust

August 27, 2014

By Robert Cyran

The author is a Reuters Breakingviews columnist. The opinions expressed are his own

from Global Investing:

Betting on (expensive and over-owned) Indian equities

August 20, 2014

How much juice is left in the Indian equity story? Mumbai's share index has raced to successive record highs and has gained 24 percent so far this year in dollar terms as investors have bought into Prime Minister Narendra Modi's reform promises.

from Counterparties:

MORNING BID – Once Upon a Dream

August 5, 2014

Disney is expected to report third-quarter results after market close and is likely to beat average analyst estimates, according to StarMine. The media company's results could get a boost from "Maleficent", its revisionist take on "Sleeping Beauty" featuring Angelina Jolie, but the company’s prowess doesn’t end there, not with “Captain America: Winter Soldier” also a box-office champ in 2014 – which was also released during its most recent reporting period.

from Counterparties:

MORNING BID – Minute by minutes

July 9, 2014

The bond market remains pretty much tethered to the 2.50 percent to 2.60 percent range that's prevailed for the 10-year note for quite some time now, with the primary catalyst being today's release of the Federal Reserve's minutes from its most recent meeting. The relevant data that investors are probably paying most attention to - the jobs report last week, the JOLTS jobs survey, shows some more things that is meant to keep the Fed engaged rather than moving toward an imminent increase in rates. The quit rate - the rate at which people leave jobs for others - is still historically a bit on the low side, not at a level that would make the Fed more comfortable that the kind of labor-market dynamism needed for the Fed to shift to raising interest rates. Fact is, the central bank just isn't there yet.

from Counterparties:

MORNING BID – Microsoft, up from the ashes

April 24, 2014

Microsoft heads into tonight’s earnings report coming in on a high, having recently breached the $40 threshold for the first time in forever (it’s all Frozen references this week, folks). The company pushed past $40 a share in early April for the first time in nearly 14 years, and spent most of that time ensconced in a tight range between about $22 and $35 a share, depending on what the overall market was doing. It tanked in 2008 with everything else, and then spent the 2010-2012 period putting together a cumulative 13 percent price loss in the midst of a raging bull market, if evidence of its sad-sack status couldn’t be more apparent.

from Counterparties:

MORNING BID: Running on Empty

March 25, 2014

The most interesting developing trend in the U.S. equity market has been the recent stumble in the biotech and momentum-oriented names, be it Gilead Sciences, Biogen, Netflix or a few others. The biotechs were a group often cited as having entered a "parabolic" stage, which in market parlance refers basically to "going up and up and up in a straight line." The move wasn't anything on the order of the homebuilders during the housing bubble of 2006 to 2007, or the tech giants during the latter stages of the tech run - a 300 percent gain versus 700 to 800 percent gains back in the other cases. That doesn't mean we won't see an ongoing breakdown, though some of the selling abated late in the Monday session.

from Breakingviews:

Food deal shows how investors eat up synergies

December 9, 2013

By Robert Cyran
The author is a Reuters Breakignviews columnist. The opinions expressed are his own.