FYI | Mar 21 2014
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:
– Following on from my observation earlier this week: downgrades have started as analysts lower forecasts #copper, #coal, #ironore #investing
– BA-ML sees risk that #copper may not rebound sustainably until 3Q14, meantime short covering rallies remain possible #investing
– BA-ML sees buying opportunities #gold equities later in 2014 as price expected to bottom, but weakness to come first #investing
– It's a rollercoaster! Overnight: US #equities up. #Oil mixed. #Gold down. Base #metals down. #Ironore rose by 20c to US$110.70 a tonne
– CIMB suggests investors too focused on lift DAP prices. Downgrades Incitec Pivot (#IPL) to Hold ahead of FY14 report next week #investing
– Observed: Goldman Sachs, with a negative view on #ironore prices, only has a price target of $65 for Rio Tinto ($RIO), but $41.40 for #BHP
– I did something on @BusinessChannel today and not everyone took it as a positive. Here's my response http://goo.gl/Pha10m #investing
– I see, I see, what interests me… #BHP Billiton (BHP) shares back at 4% implied forward (FY15) dividend yield today #investing
– Interesting Market Call from Morgan Stanley: #Fortescue (FMG) shares to rise over next 45 days as weakness implies US$100/t #ironore price
– UBS strategists: High PE not guarantee stock is expensive, particularly for cyclical stock. Notes "unusual lack low P/E stocks" #investing
-UBS warns on #Cochlear (COH): market forecasts for FY15 way too high, sees modest recovery at best. Sell. Price target $48 #investing
– It has begun! CIMB cuts 2014 and 2015 #ironore price forecasts to US$115/t (down 7.5% from US$124/t) and US$110/t (down 11% from US$124/t)
– Macquarie: likely increase corporate debt and trust loan defaults will raise concerns about broad asset quality #China ’s financial system
– Overnight: US #equities down. #Oil mixed. #Gold slammed. Base #metals (pre-yellen) up. Spot #ironore unchanged at US$110.50/t #investing
– Ramsay. Dominos. CSL. REA. All on High PEs. All too expensive? There's more to it than meets the eye. My insights: http://tiny.cc/746xcx
– CLSA calls #Newcrest (NCM) one of the better resources opportunities in Oz. Raised to Buy, target $16 but sees potential for $20 #investing
– Morgan Stanley has upgraded Corporate Travel (#CTD) to Overweight on expectation EPS accretive acquisitions are forthcoming, target $7.00
– Stockbroker research headline of the day: Lend Lease. On Fire… In A Good Way. Honour goes out to Deutsche Bank, Buy, price target $13 #LLC
– BA-ML global fund managers survey revealed this little gem: investors saying stocks "overvalued" now highest since July 2000 #investing
– FNArena is measuring Investor Sentiment this week – you can participate too – only takes up a few minutes http://ow.ly/uGXFV
– ANZ suggests investors long #gold should take protection as the uptrend is showing "signs of maturing" #investing
– BA-ML reminds investors corporate bond defaults still upcoming in #China, contagion risk can be high and impact unpredictable #investing
– Morgan Stanley not convinced price weakness #copper and #ironore are fundamentals related. Sees price weakness as a buying opportunity
– Citi's Panic/Euphoria Model continues to urge for caution as index is now firmly into Euphoria territory, and rising #investing
– Citi US strategists find economic lead indicators currently favour large cap #equities over small caps, also supported by valuation gap
– CLSA sees genuine potential for 75% upside for #Cochlear (COH) shares next 3 years, but short term negative. Downgrades to Sell #investing
– Market observation: brokers concerns about #Metcash (MTS) growing. Further dividend cuts forthcoming? All eyes on new strategy #investing
– Monday Morning: #equities US down. #Oil up. #Gold up. Base #metals mixed, little changed. #Ironore down US$1.40 to US$110.10/t #investing
You can add my regular Tweets on Twitter via @filapek
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