FYI | Sep 27 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:
– JP Morgan maintains positive view on residential developers, now has Overweight recommendations on each of SGP, MGR, LLC, ALZ #investing
– Macquarie has raised long run #ironore price to US$90/t CFR China from US$80, but also says US$100/t solid support, unlikely to be breached
– Citi reiterates widespread recovery is under way across advanced economies, while near term global downside risks have receded #investing
– I'd like to remind that Alumina Ltd (#AWC) remains my favourite stock NOT to own for year ahead. Strong demand aluminium offset by supply
– Citi esentially issues broad warning on Oz retailers, declaring "pressure is on". Sell ratings for David Jones, Myer, Wesfarmers, Woolworths
– Morgan Stanley says partner Ansteel is likely going to dilute Gindalbie (#GBG) stake in Karara. Moves to Underweight rating #investing
– Macquarie retains Outperform ratings Ramsay (#RHC) and NIB (#NHF), says top line growth to remain strong for private #healthcare sector
– Citi sticks with ResMed (#RMD) as most preferred in Oz #healthcare followed by Primary (#PRY) and Sonic (#SHL) #investing
– An Alternative View Of Why The Fed Did Not (and Will Not) Taper http://tinyurl.com/oanuqpe
– UBS: housing boom in Oz to be led by investment property and #banks are heavily exposed (which is of concern) #investing
– Citi: investors need to appreciate that price war is underway in #fertilizers and this is going to lead to weak earnings in coming quarters
– Citi reiterates #Commodities upside capped, materials stocks likely to run out of puff from here. Prefers Rio Tinto (#RIO) in sector
– Goldman Sachs pretty adamant: Abbott gvt's focus on infrastructure will add peanuts 2014 GDP when viewed from $25bn fall from mining capex
– Bespoke: Been rough year for #commodities asset class. Until downtrends convincingly broken, hard for portfolio managers to lift allocation
– Citi: expectation is that the current #gold rally will be very short term in nature. Forecasts 2013 average US$1,405/oz, US$1,250 for 2014
– Moelis thinks strong performance for Freedom Foods (#FNP) shares can continue. $3 price target (12 mts), expectation more growth to show up
– Following recent rally, Morgan Stanley now anticipates share price losses for Suncorp (#SUN). Note shares are trading above consensus target
– Goldman Sachs adds CSL, RMD to ANZ Buy List, removes RHC and adds SHL to ANZ Sell List #equities #investing
– Citi: expect #China growth to slow to 7.4% YoY in 4Q after transitory rebound to 7.8% YoY in 3Q, bringing 2013 annual growth rate to 7.6%
– Citi: Fed has potentially complicated the outlook for Australian monetary policy. Still expects taper to start before year-end, no RBA cuts
– Summing It All Up In One Cartoon http://tinyurl.com/q22cl3m
You can add my regular Tweets on Twitter via @filapek
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