Citigroup Options Trading: A Deep Dive Into Market Sentiment

Benzinga14:16 ET

Barclays: Large technology stocks are attractive due to the boost in earnings prospects.

Although investors worry about the continued decline of US technology giants, Barclays strategist says strong earnings prospects mean the sector remains attractive after a recent sell-off. The team led by Venu Krishna raised the year-end target for the S&P 500 index from 5,300 points to 5,600 points, citing positive profit expectations for large tech firms. This forecast implies a rise of about 0.6% above current levels, higher than the strategist's average expectation of 5,431. "Recent declines appear to have been contained," Krishna wrote in the report, "although we assume relatively high valuations for large tech companies".

環球市場播報Jul 23 11:03 ET

Fifth Third Bancorp to Repurchase ~$200M Worth of Shares From Citi

Seeking AlphaJul 23 09:52 ET

UPDATE 1-Citi Delivers Lead to LME Warehouses for Lucrative Rent Deals

Yahoo FinanceJul 23 09:18 ET

Citigroup: Rates HKEX as "sell", with a target price reduced to HKD 230.

Citigroup released a research report stating that it gives a "sell" rating on Hong Kong Stock Exchange (00388), and lowers the earnings per share forecast for the fiscal years 2024 to 2026 by 1% to 3% to reflect the downward adjustment of the average daily turnover forecast. The target price is lowered from HK$240 to HK$230. The company's performance for the second quarter is expected to be good but with uncertain growth prospects. Due to the market sentiment weakening again, the average daily turnover since July is about 100 billion yuan. Citigroup pointed out that Hong Kong Stock Exchange will announce the second quarter results on August 21. The bank predicts that the second quarter net profit will reach 3.3 billion yuan, an increase of 10% and 12% quarter-on-quarter and year-on-year, respectively, which is 2% higher than the market forecast.

新浪港股Jul 23 00:12 ET

Citigroup: If the Euro/Yen approaches 180, the Japanese government may intervene.

Citigroup analysts said that if the euro against the yen approaches 180, the Japanese authorities may sell euros. The euro went up to 175.43 on July 11, reaching its highest level since the euro was introduced in 1999. The currency pair subsequently fell back and was around 171 in early Tokyo trading on Tuesday. Japanese authorities may have spent about JPY 3.5 trillion ($22 billion) on July 11 to support the yen exchange rate - suspected third intervention this year. The next day, the Bank of Japan reportedly conducted a currency rate check on the euro/yen in the foreign exchange market and then allegedly intervened for the second consecutive day in the dollar/yen.

環球市場播報Jul 22 20:25 ET