|DECEMBER 14, 2006|
|Knight Capital Group Announces Annual Forecast for 2007 from Knight Research|
JERSEY CITY, N.J., Dec. 14 /PRNewswire-FirstCall/ -- Knight Capital Group, Inc. (Nasdaq: NITE) today announced the release of the Annual Forecast for 2007 from Knight Research. Knight Research, led by Managing Director Ralph J. Acampora, employs technical analysis to uncover actionable, relevant investment ideas from short-term intraday to long-term trends.
"Three main factors are at play to make 2007 a positive year for the equity market," Mr. Acampora said. "Historically, the third year of a president's term in office is the best market environment of all four years. Second, the market's exceptional upside thrust in late 2006 has characteristics typically seen in the early stages of a long-term advance. Third, the market's 2006 correction presented investors with new and diverse stock leadership in an increasing rotation of stocks. This gives investors a more democratic list of potential new buy ideas, including old-line blue chips and formerly under-owned, under-loved names.
"While it is rare for a bull market to extend beyond four years, we believe that 2007 will provide us an opportunity to celebrate the bull's fifth birthday with further gains," he continued. "We have not heard much from the blue chips in this current bull run; perhaps 2007 will be their time to take the helm."
Other highlights from the Knight Research Annual Forecast for 2007 include the following:
For a copy of the Knight Research Annual Forecast for 2007, please contact your Knight Sales Trader or Knight Research Sales: Andee Hidalgo, 201-356-1751, firstname.lastname@example.org, or Jill Schurtz, 201-356-1750, email@example.com. Media interested in receiving the forecast or speaking with Ralph Acampora should contact Margaret Wyrwas, 201-557-6954, firstname.lastname@example.org, or Greta Morley, 201-557-6948, email@example.com.
Knight Research is part of Knight Equity Markets, L.P.
Knight Capital Group, Inc. (Nasdaq: NITE) is a leading financial services firm that provides comprehensive trade execution solutions and asset management services. Our Asset Management business, Deephaven Capital Management, is a global multi-strategy alternative investment manager focused on delivering attractive risk-adjusted returns with low correlation to the broader markets for institutions and private clients. Our Global Markets business provides a broad range of customized trade execution products and services across multiple asset classes for broker-dealers, institutions and issuer companies. We continually apply knowledge and innovation to the trading and asset management processes to build lasting client partnerships through consistent performance and superior client service. More information about Knight can be found at http://www.knight.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Since such statements involve risks and uncertainties, the actual results and performance of the Company may turn out to be materially different from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made herein; however, readers should carefully review reports or documents the Company files from time to time with the Securities and Exchange Commission including, without limitation, the risks and uncertainties detailed under the headings "Certain Factors Affecting Results of Operations" and "Risks Affecting our Business" in the Company's Annual Report on Form 10-K.
SOURCE Knight Capital Group, Inc.