FYI | Mar 14 2014
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:
– Probably obsolete observation but… shares in BHP Billiton (#BHP) have revisited forward implied, AUD adjusted, 4% dividend yield level
– Morgan Stanley observes: expensive #equities in Australia have only become more so, idem for cheap stocks. When the reversal? #investing
– UBS: #equities rally has arguably moved into late-cycle territory, outperformance more dependent on company-specific earnings surprises
– BA-ML: once #China weakness has been digested by markets, investors might possibly start looking at positives again #investing
– Macquarie believes price weakness #copper is fundamentals driven. Sees price averaging around present level in Q2 #investing #China
– CBA: weak start to 2014, while a seasonal occurrence, points to a more pronounced moderation #China's Q1 GDP growth than initially expected
– CIBC: #China data suggest softest start to the year since at least 2009, heighten chance of further steps to promote growth #investing
– Overnight: #equities down. #Oil mixed, Brent down. #Gold creeps us to US$1,372.40. Base #metals weaker. #Ironore up US$4.10 to US$111.50/t
– My three favourite Turnaround Stories in the Australian share market today http://goo.gl/aaQdH6 #investing
– Copper Limit Down In Shanghai; Falls To Lowest Since July 2009 http://tinyurl.com/nhtgqhs
– #BHP shares are in prolonged trading range alright. This week's fall to 4% forward implied dividend level marks 11th time past 12 mnths 2/2
– Market observation: #BHP shares now back at 4% forward implied dividend yield (FY15 consensus), 3.9% on FY14 consensus #investing 1/2
– UBS reports Supermarket Supplier Survey signals Woolworths catching up on Coles; upside potential forecasts if trend continues #investing
– JP Morgan raises #Mining stocks to Overweight, sees the sell-off as "a buying opportunity in a range-bound sector"; trading range intact
– BA-ML sees many more defaults in #China shadow banking sector over next quarters, property developers discounting suggesting negative spiral
– #ironore trader interviewed by Macquarie suggests possible scenario of price lingering around US$105/t for several months #investing
– Overnight: #equities down. #Oil slightly up. #Gold stable. Base #metals mostly weak (and I mean weak). #ironore up by US20c to US$104.90/t
– Dennis Gartman observes crude #oil futures have decisively broken trendline, plus term structures look "bearishly inclined" #energy
– CLSA believes #Leighton (LEI) is facing credit downgrade, costing it circa $20m per annum on higher interest, now that Hochtief lifts stake
– CS builds a case as to why large-cap miners in Australia present a better long-term investment thesis relative to O&G #investing
– Macquarie's Q2 LME #copper price forecast US$6,600/t. "With US$7,000/t having been breached in style this level looks increasingly likely"
– Brokers unperturbed: Sell #Leighton (LEI) shares into today's above bid share price. Macquarie even downgraded the stock #investing
– China’s 62% iron ore fines lost a cool $10 to just below $105 – NAB #ausbiz #rba #aud
– Macquarie sets Dec 2014 index target of 5998. If reached, this would see ASX200 deliver capital return for 2014 of +12.1% (TSR of +16.9%)
– Base #metals prices clobbered on Friday. #Ironore down by US$2.70 or 2.4% on Friday to US$114.20 a tonne to be down US$3.90 on the week
– UBS predicts 16-yr low pace of wage growth [in Aus] should contain domestic inflation, allowing the RBA to stay on hold until early 2015
– JP Morgan remains cautious on domestic GI given likely tipping point for pricing cycle in 2014, marginal preference IAG over SUN #insurers
– Observation: latest S&P index changes in Australia see many resources and mining services removed, small cap industrials main beneficiaries
You can add my regular Tweets on Twitter via @filapek
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