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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (44725)4/15/2008 5:21:09 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68598
 
8:08AM Lehman Brothers sees tactical case for deep value overweight (UK:RBS, FR:012068, UK:HBOS, WB, C) by Sarah Turner
LONDON (MarketWatch) -- Portfolio strategists at Lehman Brothers on Monday said that they believe there is a tactical case for overweighting deep value companies. "This is a significant change for us as we have had a long-standing bias in favor of growth," said strategist Inigo Fraser-Jenkins. He noted that growth stocks have performed strongly in the last twelve months and are no longer cheap. "There have been material downgrades to earnings for value stocks over the past six months. It is striking that there have been no significant downgrades for growth stocks," he said. Fraser-Jenkins added that the value is currently dominated by financials and said: "We think this sector will outperform." U.K. lender Royal Bank of Scotland (UK:RBS) tops the list of deepest value stocks, followed by French bank Natixis (FR:012068) and U.K. mortgage lender HBOS (UK:HBOS) at 2 and 3. Wachovia (WB) is at number 6, while Citigroup (C) is at number 19.