FYI | Jun 13 2014
By Rudi Filapek-Vandyck, Editor FNArena
I like to question the ruling logic that goads the herd, or at the very least stimulate independent thinking. There's a big difference between playing market momentum as a short term trader and trying to figure out what the best asset purchases are for longer term investing.
Since 2012 I maintain my own feed of quotes, comments, responses and market insights via Twitter. Not everyone is on Twitter, which explains the requests to make my Twitter items also available through the newsfeed on the FNArena website.
Usually I combine all Tweets from the week past in one weekly story. Below are my Tweets from the week past. Enjoy.
Investors can follow me on Twitter via @filapek
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– Morgan Stanley's high conviction picks in #media sector might surprise a few: REA, SEK, CRZ, NEC #ausbiz
– CBA has joined the #ironore downgrade party. Forecasts US$105/t average this year, with small bounce later in year, and US$100/t next year
– Overnight price action: #equities lower. #oil, #gold up. Base #metals lower. #ironore down US$2.00 to US$91.50/t #ausbiz #Commodities
– DBS believes Asian #equities poised to outperform in Q3. Lifts #China to Outperform. Econ shift to the East to continue #investing
– Morgan Stanley essentially joined Goldman Sachs in predicting #ironore is now in a sustainable sub-US$100/tonne environment #ausbiz
– Morgan Stanley now predicts Atlas Iron (#AGO) to remain loss-making, but cash flow positive for many years. Target drops to $0.63 #ausbiz
– Morgan Stanley revised outlook #ironore and it's BAD news for Fortescue (#FMG). Double downgrade to Underweight, target to $4 #ausbiz
– Macquarie spells it out: lower bond yields signal lower inflation ahead, not recession or lower growth (I agree) #investing #ausbiz
– On Citi's Canberra Budget analysis, Oz retailers are facing two lean years with typical household $602 worse off per year #ausbiz
– The day after comment by Citi analysts on Downer EDI (#DOW) : Outperforming in a downgrade cycle is always tough. Blackwater contract next?
– Overnight price action: #equities down. #Oil & #gold stable. Base #metals weaker, #copper up. #Ironore down US10c to US$93.50/t #ausbiz
– CIMB cuts 2014-15 #ironore forecasts by 3%-5% to US$111/t & US$105/t, respectively, implying small bounce from current spot levels #ausbiz
– Observation: Goldman Sachs is presently short #copper #investing #commodities #ausbiz
– UBS analysts (visiting #China) report Chinese traders seem pretty confident #ironore is finding a bottom in low US$90's per tonne #ausbiz
– Stockbroker Morgans declares: ALL IT companies Australia represent danger disappointment & profit warning as customer demand weak #ausbiz
– Overnight price action: US #equities flat. #Oil down. #Gold up. Base #metals mostly lower. #Ironore down US70c to US$93.60/t #ausbiz
– Banks too expensive? Bell Potter has upgraded #ANZ Bank to Buy, lifting price target to $36.50 from $33.10. Suggests better outlook #ausbiz
– Like it: What’s more likely in 2014? An RBA rate move or a Socceroos goal at the World Cup? ask analysts at NAB #investing #ausbiz
You can add my regular Tweets on Twitter via @filapek
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