On Mondays, we release our Weekly Trader in which we outline key themes driving market sentiment, a review on critical developments within our preferred sectors, equities commentary and market-moving stories to start the week. Our in-house Investment Committee meets on a weekly basis to craft this strategy, aimed at allowing our clients to dynamically position portfolios and to take advantage of market developments.
14/08/2017 – Market view : Recent Volatility, Applegreen, CRH, Kerry, Glanbia, Smurfit
Recent sell has largely been driven by escalation in war of words between the US and North Korea. Current US administration is difficult to analyse and will probably be an ongoing source of volatility .Growth and earnings backdrop remains positive however which should ultimately dictate how equities perform in the second half of the year.
- Applegreen – Initiate at Market Perform
- CRH – Second half tailwinds in place
- Verizon – Positive re-rating underway
- Irish Foods – Strong H1/17 Update, reiterate outperformance
31/07/2017 – Market view : Focus this week will be on the BOE meeting and US Non-farm payrolls later on in the week. Post the healthcare bill failure markets will now begin to assess the possibility of US tax reform.