Recent Research Calls
When: July 6, 2010 CNBC
After a brutal few months on the downside for equities and commodities, specifically oil, we call for a relief rally for oil as we believe risk aversion will dissipate and the Euro to strengthen over the near-term, lifting commodities and equities with oil as a market leader. At $72 a barrel, we called for a run back to $80 and if economic data improved and headlines subside out of Europe over the debt issues there, perhaps a run even higher.
To see this call on CNBC, click here.
When: March 22, 2010 Research Note
Since last October into January, we had been calling for a dollar correction (strength) and for crude oil to test $70 after trading near $80. As we stand today, we believe dollar strength is waning and believe the Euro will make a run against the dollar to $1.40 and beyond. As fundamentals improve, strengthening global economy and tighter supplies, a weak dollar, and seasonality kicking for the energy complex, we believe the stage is set for a run to $90 and perhaps stretching to the $100 mark before selling kicks in.
After hitting our $70 price target, we bounced to near $90 in April. To see the call on the The Street.com from March 10th, click here.
When: March 9th 2009, @ noon. S&P 500 at 675
"Given current technical levels and where we are in the process, a significant rally over the near-term is growing for stocks and when it begins, we expect the rally to be sharp in nature. In our opinion, the energy sector will be one of the first areas investors will focus on once market perceptions begin to focus on the recovery phase. Targeting $50.00 over the near-term."
The S&P 500 Rallied over 80% from trough to peek over the next 14 months.
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