CHICAGO, Oct. 7, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the HSBC Holdings plc (NYSE:HSBC-Free Report), Credit Suisse Group AG (NYSE:CS-Free Report), Goldman Sachs Group, Inc. (NYSE:GS-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report) and Tesla Motors, Inc. (Nasdaq:TSLA-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Big Banks Join One-Stop Corporate Bond Shop
Top global banks have joined forces to undertake a new initiative called Neptune. Per a Wall Street Journal report, 12 global banks, including BNP Paribas SA, Societe Generale Group, HSBC Holdings plc (NYSE:HSBC-Free Report), Credit Suisse Group AG (NYSE:CS-Free Report), The Goldman Sachs Group, Inc. (NYSE:GS-Free Report) and JPMorgan Chase & Co. (NYSE:JPM-Free Report), are working together on the idea of establishing a one-stop shop for corporate bond traders.
The initiative is not meant for the execution of trade. Rather it is aimed at bringing banks, investors and existing trading platforms under one roof.
In recent times, the bond liquidity for corporate issues has dwindled, mainly due to stricter capital requirements and new regulations. A dearth of liquidity also implies difficulty for fund issuers regarding the sale of bonds, in case the interest rate rises.
Further, there is a wide disparity between trading volumes of new and old bonds. The cheap borrowing rates and increased interest of investors have resulted in an issuance boom of new bonds. In this backdrop, Neptune comes as a nice attempt to make corporate-bond trading more efficient.
The banks are likely to pay £30,000 each ($48,000) for the first phase of Neptune's consultancy work. The project, initially planned for Europe, will probably take months to deliver.
Moreover, Neptune presents an alternative to the existing communication channels for the corporate-bond investors. Over the past couple of years, several electronic systems have been introduced by banks, exchanges and established operators, aiming to improve bond trading. Some of these initiatives, have however, proved futile.
f this concerted effort actually materializes, it will result in more efficient functioning of the corporate bond market, with the banks gaining a better funding option.
Will Tesla Unveil Automated Driving Features, New Car?
Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) will introduce some automated driving features in its cars if media reports are to be believed. The company is scheduled to make an announcement on Oct 9, with the promise to "unveil the D and something else."
Last week, the company had also circulated a picture of a half-opened garage door marked with the letter D that had a dimly lit vehicle inside. This led to speculation that Tesla will announce a new car as well as additional driving-assist features for its current cars.
According to Bloomberg, the company will announce several new features to make driving easier, one of which is the ability to keep the car within its lane. Such automated driving features are becoming popular among automakers as they strive to increase their share in the competitive auto market.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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