FYI | Jul 17 2015
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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- Ord Minnett initiates coverage on Mineral Resources (MIN) with Hold rating, $7.20 target, positive on lithium prospect
$ausbiz$stocks
- CBA has lowered
#ironore price forecast averages to US$50/t in 2016, US$54/t in 2017 and US$55/t long term#commodities#ausbiz
- ANZ Bank believes risk remains to downside for
#ironore prices. Predicts lower prices ahead as#China inventories should rise#ausbiz
- Canaccord Genuity cuts Greencross (GXL) target to $9 but reiterates double-digit growth ahead for years. Sees blatant value. Buy
#ausbi
- Goldman Sachs reiterates Sell rating for WorleyParsons (WOR) as new world order for oil means ongoing negative profits momentum
#ausbiz
- Is it just me? We have a share market rout, authorities in full support mode and then all econ data in
#China above expectations?#stocks
- Reports coming through of increased Chinese demand for Australian property post equity rout. This needs to be monitored by policy makers
- A lot of doubt has crept into Medibank Private (MPL) shares but today Citi counters with maiden Buy rating and $2.40 price target
#ausbiz
- CBA (again) cuts forecasts for NZDUSD and AUDUSD. Now projects AUDUSD 70c by March 2016
#ausbiz#investing
- Bell Potter initiated coverage on Tomizone (TOM) with Buy rating and 30c price target
#ausbiz#stocks#investing
- Just in case you wondered, yes, markets have started to look forward to potential RBA rate cuts. Weaker AUD? Yield back in focus?
#stocks
- Both implementation and Greece's political landscape will remain persistent sources of risk as the year progresses, says Deutsche Bank
- Goldman Sachs finds Aus bank shares not reflective of ROE headwinds. ANZ too cheap, CBA too dire
#ausbiz#investing#stocks
- JP Morgan upgraded Cochlear (COH) to Overweight with price target $90.62, anticipating years of solid growth + taking market share
#ausbiz
- Citi has upgraded BHP&RIO to Buy, cutting targets + estimates, adding "significant risks" remain
#ausbiz#stocks#investing
- Observation: stockbroker Morgans expects at least 1 more RBA cut, maybe 2 more. Target ASX200 remains 5689
#ausbiz#investing#stocks
- Goldman Sachs downgrades Reckon (RKN) to Sell post rally as fundamentals seen deteriorating
#ausbiz#investing#stocks
- Goldman Sachs maintains: beaten down
#mining stocks do not yet offer buying opportunities post#china inspired sell down#ausbiz
#stocks
- Citi cut
#crudeoil price forecasts 2015 Brent oil by 7% to US$58/bbl, 2016 by 7% to US$63/bbl#commodities#ausbiz#stocks#investing
- Credit Suisse has lowered price target for Medibank (MPL) to $2.05, "inspired" by belief company guidance for FY16 won't be flash
#ausbiz
- Uh-Oh. Morgan Stanley maintains Medibank (MPL) not going to "inspire" in August. Underweight. Bias towards disappointment
#ausbiz#stocks
- Citi economists change view: Grexit now becomes base case scenario. It'll happen, three years max. Light at the end of tunnel?
#investing
- Aurelia Metals (AMI) about to lose control of its future? Macquarie ceases coverage. Bad omen?
#ausbiz#investing#stocks#commodities
- Quote of the day:
@DeutscheBank on Greece versus EU; Take it or Break it#ausbiz#investing#stocks
You can add my regular Tweets on Twitter via @filapek
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