FYI | Jul 05 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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– As slack in US labour market is decreasing fast, Danske Bank argues it's increasingly difficult for Fed to remain very dovish #Investing
– Macquarie's #China Survey suggest weakening fundamentals should undermine the sustainability of recent strong rally in #copper price in 2H14
– Uh-Oh. Macquarie now think it unlikely BHP announce buyback at August result, while RIO’s buyback aspirations likely to be deferred #ausbiz
– Citi: Assuming relationship between IP & GDP growth is back to normal, estimate #China GDP growth slowed from 7.4% YoY 1Q to 7.2%YoY 2Q
– BA-ML investment strategist Michael Hartnett switching from I'm So Bearish, I'm Bullish to I’m so bullish, I’m bearish: autumn correction?
– In case you missed it: the USA now produces more crude oil than Saudi Arabia (thanks Dennis Gartman for pointing this out) #energy
– Overnight: #equities rally. #Oil, #gold retreat. Base #metals mixed. #ironore up US$1.80 -1.9%- to US$96.50 a tonne #ausbiz
– Deutsche Bank's top pick amongst resources stocks is BlueScope Steel (BSL), no surprise given bearish outlook for #ironore + AUD #ausbiz
– DB more optimistic about resources stocks. Bullish #nickel, #bauxite, #alumina, bearish the bulks (#ironore and #coal), #gold #ausbiz
– Deutsche Bank prefers Oil Search, Santos and Drillsearch in Australian #energy sector. Believes oil price will sidetrack for longer #ausbiz
– Observed: BC Iron (BCI) is the sole #ironore miner who is not rated Underweight at Morgan Stanley, but Equal-weight instead #ausbiz
– Australian investors have inferior protection from poor investment advice compared to their peers around the world, FinaMetrica #ausbiz
– Observed: second broker downgrade for Amcom (AMM) in one week as Cisco sales don't live up to expectations. Stock is on high PE #ausbiz
– The "smart money" is positioning for a revival of resources stocks. Is it really going to be 2003-08 again? http://goo.gl/ZuKXiT #ausbiz
– Morgan Stanley has rolled forward the target for ASX200 to 5800 by March 2015 (Q1), supported by 8% EPS growth, 14.4x PE Base #ausbiz
– Remarkable: JP Morgan's Financials versus Resources Timing Model continues to favour the first over the latter. To the frustration of many..
– Says it all: Westpac has been of view there will be no change in rates until increases H2 2015. No change post RBA statement #ausbiz
– Headline of the week (JPMorgan): China – not a train wreck but still a ghost train (meaning: traveling too fast and seeing scary things)
– JP Morgan: fact that stock markets have ground higher rather than gone exponential suggests cycle won’t end in egregious over-valuation
– JP Morgan strategist: FY15 will feature end of yield/low-surprise leadership of last 3 years, but not significant reversal of it #ausbiz
– Towel in the ring? StGeorge Bank lifts AUD/USD forecasts to US$0.9300 by end 2014 and to US$0.9100 by end of next year #ausbiz
– JP Morgan sticks to 5700 as year-end target for ASX200. Sees mining stocks as near bottom of trading range, rather than downturn #ausbiz
You can add my regular Tweets on Twitter via @filapek
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