Moody’s downgrading 21 Spanish banks, EUFN falls near 52-week low
The other shoe has dropped on the Spanish banking sector and the heel-print has “Moody’s” on it.
Tag Archives: EUFN
Profit from recovering European financials
Two truths have been firmly established in The Great Recession. Central bankers will provide the liquidity necessary to maintain the solvency of the global financial community, and the European debt crisis is far from over. These facts mean that falling shares will lead to profit for investors.
A third bailout for Greece means time to go bargain hunting
As detailed in many previous articles, the euro zone debt crisis is far, far from being resolved. Earlier today, Greek Prime Minister Lucas Papademos stated that a third bailout package might be needed if measures instituted do not revitalize the economy.
Here’s a Euro bank to buy on the dips
The financial sector seems to have recovered – or at least investors are betting that way.
Citi says sell – which means time to buy Bank of Ireland
Citigroup (C, quote) has initiated coverage of the Bank of Ireland (IRE, quote) with a “Sell” rating, citing the Irish recession and its impact on IRE’s performance. The impact is real, but investors should be buying to accumulate a long term position in the Bank of Ireland and other blue chips.
Which stock has the highest analyst rating possible with low valuations?
Hint: it’s located in a region that rhymes with “bureau moan”, and features revenue growth and a debt position of strong interest to anyone looking for bargains in down sectors.
If this trend continues, QE3 is assured
Despite Federal Reserve Chairman Ben Bernanke’s pledge to maintain low interest rates in conjunction with other central banks around the world, the market is not cooperating.
Singapore legend says now is the time to invest in Europe
Writing in Forbes magazine, Lee Kuan Yew, the legendary former prime minister of Singapore, advised that, “Now is a good time to invest in distressed and undervalued European assets, euro debts and euro bonds.”
Time to worry about Greece, again?
Greece threatened March 6 to default on any bondholders who do not take part in this week’s 206 billion euro debt swap. European bank stocks did not react well.
Greece may be settled (for now) – but what about Portugal?
Now into the second week of Lent, the Portuguese faithful find themselves immersed in two types of austerity: religious fasting and budget cuts. Just on Tuesday, however, the “troika” — that is, the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF) — gave Portugal a nod of approval.