Societe Generale

Pre-open movers U.S. stock futures traded lower in early pre-market trade. The Labor Department's JOLTS report for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 56 points to 21,124.00, while the Standard & Poor’s 500 index futures fell 6...

Societe Generale’s Richard Nguyen expects International Business Machines Corp. (NYSE: IBM) to report in line results without any major surprises when it announces its Q4:16 numbers on January 19. Nguyen maintains a Hold rating on the company, with a price target of $160. Key Metrics The...

Jérôme Kerviel, a former trader for the Paris-based bank Société Générale, made headlines in 2008 when he piled up billions of dollars of losses. Kerviel has already been found guilty of forgery, breach of trust and fraudulent computer use when he attempted to hide risky and dubious investments...

The Wall Street Journal surveyed 13 investment banks and asked for their oil outlook through next year. The results of the survey showed that banks are bearish on oil yet again. The banks expect West Texas Intermediate (WTI) crude to average $55 a barrel next year, marking a decrease of around one...

Earnings season is a busy time for investors, traders and especially Wall Street analysts. Here is a selection of some of the more notable Wall Street analyst calls from Thursday. U.S. Steel: Analysts Are Mixed Analysts at Bank of America downgraded United States Steel Corporation (NYSE: X) to...

At 2 p.m. ET, the Federal Reserve is set to release its decision following this month’s meeting, but the market doesn’t seem to be expecting much. “In another era, there would be massive pressure on the FOMC to raise rates but no-one expects anything from today’s meeting,...

Italy may be the next epicenter of European economic turmoil. According to Bloomberg’s Melvyn Krauss, the extreme measures that Italy may need to take to right the ship could force its exit from the eurozone. Italy’s non-performing loans currently represent 20 percent of GDP and the...

The "black swan" theory describes an event that isn't only surprising, but has a major effect on an event. Naturally, when a major bank is out with a list of black swan events that can threaten the global economy, investors will pay close attention. This is what analysts at France...

Slumping U.S. profits now makes a recession appear inevitable, according to Societe Generale analyst Albert Edwards. Edwards argues the steep decline in U.S. whole-economy profits that has been recorded in recent quarters is almost always a sign of a recession on the horizon. Edwards believes this...

In a new report, Societe Generale analyst Roland Kaloyan discussed how investors should trade the possibility of a British exit from the eurozone. Societe General has three portfolio protection strategies that it is recommending ahead of the referendum vote. 1. Buy SG Cable Basket Of Stocks The...

The Coca-Cola Co (NYSE: KO) shares have appreciated 4.29 percent over the past one month, to a high of $43.365 on February 9. Andrew Holland of Societe Generale has upgraded the rating on the company from Sell to Hold, while raising the price target from $37 to $44. On February 9, the...

In a new report, Societe Generale analyst Albert Edwards discussed the implications of China’s forex reserve burn in recent months and what could happen when the nation can no longer support the renminbi. Edwards believes that the recent turn of events in China indicates a collapse of the...