Weekly Market Outlook January 19, 2014
Weekly Market Outlook:
Pfäffikon SZ – The coming week is all about company figures. We note that the U.S. markets, because of Martin Luther King Jr. Day, are closed on Monday. While the earnings season has just begun it is uninspiring up till now. To let the markets evolve to a higher level, the corporate profits should improve structurally. In addition, the outlook should be excellent. The question is whether this will be the case. Heavyweight IBM – one of our investments – will publish their company figures coming week. There is a chance that IBM can not jet fulfill the expectations of the Street. It’s not something that concerns us at this time. We notice that the Wallstreet bears are targeting IBM and that they may not yet be ready. The fact is that IBM is a very solid company, attractively priced at the current share price level.
This material is communicated on January 19, 2014 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced of otherwise disseminated in whole of in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.
