FYI | Nov 15 2013
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:
– Morgan Stanley believes Monadelphous might provide negative guidance at AGM (Nov 19), sees stock fall in price next sixty days #investing
– For the first time since February 1995, the U.S. produces more crude oil than it imports | http://buswk.co/1asD2q0 pic.twitter.com/SnjQoKa05I
– Deutsche Bank has one loud and clear message for investors: don't "bank" on current (over)valuations for banks to remain in place forever…
– BTIG strategist Dan Greenhaus reminds investors there is a press conference post FOMC meeting in Dec and it will be Bernanke's last…
– CommSec has initiated coverage of Silver Chef (SIV) with a Neutral recommendation and a price target of $8.20, below today's share price
– CLSA has initiated WorleyParson (WOR) with Sell, price target $18.80 (ouch!) as industry dynamics are getting tougher for services providers
– UBS' China visit includes talks with local zircon expert who forecasts lower pricing in 2014. Also bearish expert thermal coal #resources
– CS says #equity investors have to adjust to changing markets. Macro-picture no longer sacrosanct; instead bottom-up approach now best suited
– Macquarie estimates 2014 global #oil demand growth at 1.1MM BPD. Supply growth at 1.5MM BPD, the largest oversupply they have ever estimated
– Citi thinks #China money growth too fast. PBoC to slightly tighten. Less accommodative policies to likely slow growth tangibly by year end
– Goldman Sachs definitely on bearish side in Oz. Economic momentum seen disappointing into 2014, RBA to cut rates again in March #investing
– Commodities still lacking oomph. #Metals lower. #Oil lower. #Gold lower. #Ironore still the exception. #China price unchanged at US$135.90/t
– Just a reminder to all: GS' Insto icon Richard Coppleson maintains #equities will rally "hard" leading into 2014 (next 6 weeks), then fall
– Citi reminds us all: By this time next year, the US will likely become the largest net exporter of petroleum products #investing #energy
– Macquarie remains positive on US leveraged ASX-listed companies. Concludes premia are deserved, earnings growth to continue #investing
– CS asks: is #ironore the only game in Resources? Believes price retreat might remain rather modest. Prefers RIO and FMG #investing
– JP Morgan's European strategists have moved Underweight Mining sector, believing lower entry points lay ahead in coming months #Investing
– My personal contribution to assessing the burst in IPOs on the ASX in today's SMH: http://goo.gl/e7ipwd #investing
– Goldman Sachs has moved #Resources sector to Unattractive from Attractive, sees negative pressures on prices, margins, valuations ahead
– Deutsche Bank predicts lower for longer with regards to RBA cash rate. Foresees 2.5% until at least (wait for it)… June 2016 #investing
– Macquarie drops Woolworths from Model Portfolio, swaps FMG for RIO, adds PPT, REA, BRG and SAI #investing
– Blackstone's Byron Wien says #equity investors should expect modest gains in 2014, #gold to make a come-back as a result of this #investing
– Interactive insights into what's happening in US labour market. US consumer is poorer, on balance. Thanks Bloomberg http://goo.gl/YKmBb5
– Base metals still going nowhere fast. Crude oil bounced. Gold fell 1.8% on stronger USD and… #ironore fell by US$1.00 to US$135.90 a tonne
You can add my regular Tweets on Twitter via @filapek
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