FYI | Nov 29 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:
– IG Market's @EvanLucas_IG warns today's market action will be all about end-of-month window dressing. ASX200 likely to end on a high
– For speculators and the brave: Macquarie thinks #Forge shares are now worth 43c, but Citi has set price target of 83c. Lots of wiggle room
– JP Morgan observes during Asia tour: "Even the most bullish miners were surprised by the strength of steel demand in China in 2013" #ironore
– JP Morgan predicts more of the same in 2014. ASX200 targets are June 5500 (was 4800), December 5700. Volatility to increase due Fed taper
– Graincorp (#GNC) post ADM attempt: analysts project three years of sliding profits and cuts to dividends in every single year #investing
– Macquarie projects total return for Oz equities year ahead at 15.7%, of which 4.8% from dividends. Industrials to outperform resources
– #ironore remains a lone wolf in a struggling #commodities sector. AUD/USD approaching 0.90. #China iron ore price up by US10c to US$136.00/t
– BAML 2014 #commodity outlook; #Ironore strong to 1Q'14, #Nickel fundamentals improving, #Copper neutral and #Gold upside limited
– Citi reiterates neutral-to-bearish view on #commodities, #copper and #aluminium in particular. Seasonal changes to become more important
– Overnight: #commodities prices essentially going nowhere. #Crudeoil down on higher inventories. #ironore down US60c to US$135.90/tonne
– Scarsdale Equities' chartist of the opinion a false sense of security currently exists for stocks with increasing risk over near term 2/2
– Scarsdale Equities' chartist reports US equities showing "deteriorating internals combined with overly zealous 'crowd' sentiment" 1/2
– The faster the growth, the greater the risk of negative asset price returns in 2014, says BAML. The slower growth, greater the bubble risk
– Morgan Stanley even more convinced Telstra to lift dividends sooner rather than later. Has penciled in 30c for FY14 (up from 28c this year)
– Environment remains tough for global #gold #equities, concludes CS. Profits remain under pressure, reserve reductions are "inevitable"
– Citi strategists worry about US equities having rallied beyond fundamentals in short term, but nothing like situation in 2007 #investing
– Says Citi: The death of television is greatly exaggerated, but it’s certainly evolving. Buy ratings on SWM and TEN, but SWM best placed
– #Commodities (worst asset class in 2013) pretty much weaker across the board overnight. #ironore price unchanged at US$136.50 a tonne
– Bell Potter has released negative view on #nickel prices with heavy price cuts in years ahead as SUPPLY continues to keep market in surplus
– NAB observes commodity currencies are all under pressure. AUD has been weakest performing currency last week, under 0.92 with soft USD
You can add my regular Tweets on Twitter via @filapek
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