EFTA01467664.pdf

Subject: Re: 15mm to work + [C] From: Vinit Sahni ‹ > Date: Tue, 11 Mar 2014 17:56:17 -0400 To: Paul Morris Tazia Smith Classification: Confidential Sure From: Paul Morris Sent: 03/11/2014 05:28 PM EDT To: Vinit Sahni; Tazia Smith Subject: Fw: 15mm to work + [C] Classification: Confidential vinit, let's have 2-3 trade ideas for him tomorrow that we have high conviction, 1-2 million per trade Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York NY 10154 Office: Cell: Forwarded by Paul Morris/db/dbcom on 03/11/2014 05:26 PM From: Tazia Smith/db/dbcom@DBAMERICAS To: "jeffrey e stein" <jeevacation@ mail.com>, Cc: "Paul Morris" , "Vinit Sahni" , "Vahe Stepanian" Date: 03/11/2014 03:24 PM Subject: 15mm to work + [C] Classification: Confidential EFTA01467664 Re-sending you these US, liquid, upside, equity list. Vinit will have 1-3 to add tomorrow to capture more esoteric asymmetry. But the five stocks above get $15mm to work with an attractive risk/reward profile, as requested. Also consider further downside in Aussie dollar. Example: 3mo 0.85 strike digital AUDput/USDcall. spot ref 0.9, pay 12.5% (9.1 offer vol), if AUDUSD below .85 at maturity, receive 100% (8x premium paid). Max loss: premium paid Indicative levels only, subject to market movement, source: DB KCP London, 3/10/14. Speak Soon! Tazia Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: Original Message From: Tazia Smith Sent: 03/07/2014 06:35 PM EST To: 'eevacation@ mail.com Cc: • ; Paul Morris; Vinit Sahni; Nav Gupta; Vahe Stepanian Subject: 5 US Liquid Stocks (GILD, HCA, CMCSA, FFIV, XOM) [C] Classification: Confidential Jeffrey - Per your request, concentrating on 5 liquid, US equities we really like. Targeting Healthcare, Energy and Tech sectors: EFTA01467665 Gilead (GILD) HCA holdings (HCA) Comcast (CMCSA) F5 Networks (FFIV) Exxon (XOM) Put $3mm in each, total $15mm to work. More detail below. Have a great weekend, Tazia Gilead (GILD) - trades avg 10mm shs/day Biotech was beat-up today. There is a lot of market chatter on stretched valuations, especially on upcoming IPOs. Understand that you have a bullish outlook on the group. ADD to your Gilead (GILD). After today's trade, you're long 8.1k shares at $78.90. DB price target $132 (65% implied upside). Chart below, report from this week defending vs a voluntary recall (392k bottles only) attached. GILD lyr Price History HCA Holdings (HCA) - Trades avg 3mm shs/day "Best in breed" hospital co; strong operating follow-through in 4Q after a positive preannouncement. DB Price target: $58 (17% implied upside). HCA lyr Price History Comcast (CMCSA) - trades avg 12mm shs/day Finalization of TimeWarner Cable acquisition pending. DB price target of $64 (23% implied upside). CMCSA lyr Price History F5 Networks (FFIV) - Trades —1.8mm shs/day Growth in Telco and Next-Gen Security. F5 provides solutions for internet traffic management to the big Telcos. Fundamental tailwinds in demand, and following a 2yr R&D investment. DB just raised price target to $130 (14% implied upside). Believe momentum in shares continues, reports Q2 on 4/23. EFTA01467666 FFIV lyr Price History Exxon(XOM) - Trades 12.7mm shares per day Like on higher oil and momentum up through $100 near-term. Note: DB does not cover. XOM lyr Price History Link Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobile Email EFTA01467667