FYI | Apr 05 2013
By Rudi Filapek-Vandyck, Editor FNArena
I joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing financial markets myself.
While I am on Twitter, reading a quote here and a news flash there, I offer my own succinct insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.
For those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:
– CS says Oz equities appear slightly expensive with US equities at fair value; resources appear slightly inexpensive, industrials expensive
– UBS has downgraded industrial metals in commodities space; downgraded resources stocks in global equities; upgraded Technology to Overweight
– Citi believes ASX200 can rise to 5200 by year-end as corporate earnings visibility will improve looking into 2014 (plus RBA rate cuts work)
– Even if OZ mkt improves today, it is likely that Australian sharemarket will finish in the red this week (5th straight week of losses). ^SD
– Nomura – ASX 200 to hit 4600 by year end. Based on a 5-10% fall in earnings estimates and a forward P/E of 13x #ausbiz
– BAML analysts speculate Suncorp (#SUN) about to offload pieces of Non Core Bank ops plus Strategy Day on May 29. Catalysts for re-rating?
– UBS sees no short term catalyst for mining stocks as #commodity price movements are typically the primary driver of earnings. 2014 story?
– Sounds a bit optimistic to me: OPEC forecasts that China may overtake US as the world’s top crude oil importer by 2014 #energy
– Citi: Orica (#ORI) downgrade cycle has further to run and will limit outperformance. Projects negative EPS growth for next three years
– In case you missed it: US crude oil inventories now at the highest level since 1990 and not far off the 1982 record high #crudeoil #energy
– Scarsdale Equities' chartist says US equities masking growing weakness, not strength. Breadth is shrinking. Market leaders about to falter?
– Gain Capital's Kathleen Brooks sees worrying signs US equities. Suspects investors are fearing sell-off ahead. Data signal recovery fragile
– Credit Suisse: European problems are far from over. We are positioning for a deeper risk off phase. We are underweight cyclicals
– Chartist Daniel Goulding says never seen index leadership this bearish in Oz; closest reference would be 2001-2002 (bear market, not bull)
– BA-ML strategists outline investment case equities: bond yields no longer falling, commodities no longer rising, world is underweight stocks
– Macquarie believes companies most to benefit from Roy Hill iron ore start-up include NRW Holdings (#NRW) and Forge Group (#FGE)
– CIBC predicts better global econ environment in 2014. (Finally) Time for resources and energy stocks to shine later this calendar year?
– Not a single member using the #EUR saw growth in #manufacturing in March. Looking more like an experiment by the day http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10921 …
– CIBC says not surprised by surprisingly weak US Manuf PMI for March because CIBC expects US econ data to turn out much weaker in Q2
You can add my regular Tweets on Twitter via @filapek
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