The NIC Industry Research for January 2013 is out now!
This month, in the the Energy report, we put the focus on the the Spanish utility Endesa SA. While utilities, represented by the European Utility Index, were slightly down during the month, Oil&Gas as well as Renewables showed a positive performance.
In the FIG sector, the MSCI Europe clearly outperformed the Euro Stoxx 50 over the last six month, appreciating by approximately 25%. In the report, we will analyze Barclays more in depth.
In the Industrials report, ArcelorMittal’s recent performances will be assessed more deeply. With a current 12-month price estimate of EUR 14.18, the stock offers a 6.8% upside.
The Retail sector, represented by the MSCI World Retail, gained 5.08% over the month, and thus clearly outperformed other benchamrks such as the S&P500. Tesco plc will be analyzed in detail in our note.
The benchmark for the TMT sector, the NYSE TMT Index, closed January up 2.15%. During the ongoing earnings season on the S&P500, the technology sector posted earnings of USD 44.32 bn vs. eastimates of USD 42.26 bn, while sales have been pretty much in line with expectations. In our note, we will focus on Walt Disney Company.
Enjoy reading!
The NIC Team
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