FYI | Nov 23 2012
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:
– Oz stockbrokers today: Upgrades for Ansell, Alumina Ltd, Lynas and Treasury Wine Estates; Downgrades for Ausdrill and Cabcharge. More up!
– A thought: financials have outperformed this year, tech and resources have lagged. Signal the new era of "yield" focus has already arrived?
– Oz Stockbrokers today: Upgrades for Base Resources (BSE), Kingsgate (KCN) and St Barbara (SBM). DB initiates Cardno on Hold. Citi likes gold
– Credit Suisse warns short term market consensus for #Fleetwood seems overly optimistic. Longer term there's value, but with question marks
– Experts continue reducing #copper price forecasts. Today's it's CIMB (former RBS). Still upside seen, but less than previous projections
– Apparently, 2012 marks the worst Thanksgiving week performance for US equities since records held in 1942, but charts positive short term
– Prominent economist Ian Harnett in today's AFR: "Government bonds are becoming the ultimate bubble". Something to think about, for sure?
– Off the radar (for now) Chinese equities at new lows ("double bottom") http://goo.gl/zKRfl #China #equities #commodities
– Oz Stockbrokers today: Adelaide Brighton upgraded, downgrades for CSL, Fletcher Building, Primary Healthcare and Insurance Group Australia
– #China import #IronOre Fines Fe62 closes down US$2.20 to US$120.60, a loss of 1.79%
– Equities decoupled from EPS revisions pre-US Election, so what now? Citi analysts believe EPS estimates still too high. Equities down?
– Here's the shock for all the oil price bulls out there: Danske Bank predicts oil prices should head consistently below US$100 late next year
– Oz stockbrokers today: multiple downgrades for Boart Longyear, upgrades for Arrium, NAB, SingTel and Fletcher Building
– In case anyone still cares: spot #ironore price unchanged at US$122.80 a tonne
– GS downgraded Flexigroup (FXL) to Neutral. Stock is up 103% since Jan 2011 and up 80% over past 12 mths. Every value proposition has ceiling
– EUR Crashes after MOODY'S DOWNGRADES FRANCE'S GOVT BOND RATING TO Aa1 FROM Aaa – Maintains Neg outlook
– GS initiated coverage Fantastic (FAN) with Buy rating, projecting 20% total return for year ahead as stock likely to re-rate on 10%+ growth
You can add my regular Tweets on Twitter via @filapek
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