Ian Scott
Ian Scott
consumer cyclical oil products quite rotation seeing stocks
We're still seeing some rotation into more cyclical stocks ... such as consumer products makers, and industrials, ... We quite like oil stocks as well.
bond equity eventually investors lower negative point prices rates rather rise start stocks viewing
As rates rise globally, we are approaching the point at which equity investors will eventually 'tip' and start viewing lower bond prices as a negative for stocks rather than the other way around.
bullish continue continued earnings european grow low maintain positive prospects stance stocks towards
We continue to maintain a bullish stance towards European stocks for 2006. The combination of still low valuations and the prospects that earnings will continue to grow suggests a continued positive stance.
stayed surprised
I was surprised it stayed right there so I could go get it.
accept believe case currency europe european helpful interest local means overweight rates strong unlikely
We would accept that the case for overweighting continental Europe is by no means as strong in local currency terms, as we believe interest rates are unlikely to be as helpful for a continental European overweight as they have been in the past.
compared estimates europe months numbers past percent revised risen six united
In Europe, (earnings) numbers are still being revised up, ... Estimates have risen by 11 percent in the past six months in Europe compared with 6 percent in the United States.
hard opportunity people prove surprised wait work
I'm not surprised by anything that's happened. I just had to work hard and wait for an opportunity to prove to people what I could do.
certainly games lads looking newton oldest player playing run side win
In many of the games the oldest player in the side is 21 or 23 and the lads are playing really well. We are looking for a win over Newton and I think we will certainly give them a run for their money.
behavior continue continued cost earnings european favor favors given labor momentum recent unit weakness
Earnings momentum now favors Europe. Given the continued divergence in unit labor cost behavior between the two regions, coupled with the recent weakness of European currencies vis-a-vis the U.S. dollar, momentum should continue to favor Europe.
banks behind earnings kept market oils pace performance price recent relative sector
Globally, banks sector earnings have not kept pace with the market in recent quarters, while the oils sector relative performance has lagged behind the price of crude.
area auto currency degree dollar high impact market sector weakest weakness
The weakness of the dollar is having some impact on the market. The weakest sector is the auto sector -- that is an area of the market that has displayed a high degree of sensitivity to currency movements.
imports low oil prices remain renewed supported
Oil prices should be supported by renewed imports into China, while multiples remain low in the sector.
earnings imports moderation oil prices renewed strong supported
Oil prices should be supported by renewed imports into China. The banks, however, should see some moderation in their very strong earnings momentum.
across area atlantic gaps greatest media performance
It is the media area where the differential performance has been greatest and where we feel the valuation gaps across the Atlantic now look most extreme,