FYI | Jun 06 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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– Trading Tip from Morgan Stanley: TPG Telecom (#TPM) to weaken over next 45 days on potential fallout Vertigan Cost-Benefit Review #ausbiz
– Strategy shift at Goldman Sachs in Australia: Increased earnings risk, no valuation buffer; we cut cyclicals. Shift to defensive #ausbiz
– Morgan Stanley highlights "hidden" truth about National Australia Bank (#NAB): divs only to grow 2-3% in years ahead, lagging peers #ausbiz
– Citi: Rio Tinto’s div yield looking more attractive relative to market than it has in last 10 years, even at US$70/t #ironore #ausbiz
– Glushking Sheff's Rosenberg reports US #equities supported by significant upgrades EPS forecasts, #energy + #industrials leading #investing
– Overnight price action: US #equities up (of course). #Oil down. #Gold stable. Base #metals down. #Ironore up US$2.10 to US$94.60 a tonne
– Sign of low vol environment? "Euro sharply unchanged ahead of feisty ECB meeting" report NAB FX specialists (what the ..?) #ausbiz
– Stockbroker Morgans estimates 48 stocks within ASX200 are actively considering M&A or asset divestment. Party like it's 1999? #ausbiz
– Here's a thought: 2014 seems to be suffering from everybody anticipating the same. See bond yields. See Sell in May. Correction in June?
– Australian #equities look more expensive than they are due to grand imbalance. My analysis – Under The Hood http://tiny.cc/f5swgx #ausbiz
– Today's research update on Boart Longyear (#BLY) by CS essentially suggests debt solution inevitable, at some stage (but how?) #ausbiz
– Observed: Goldman Sachs sticks to its guns: #ironore to average US$103/t and US$80/t respectively in 2H 2014 and 2015. Oversupply only begun
– Biota Sacks More Staff, Closes Australian Operations; Biotech Daily Comment: A Disgrace http://www.biotechdaily.com.au/media/editoria
– Concludes JPM: Corporate debt remains biggest financial risk in #China, rising to 130% of GDP at end-2013, deleveraging is a challenge
– BA-ML says market consensus is growing too gloomy on #China property, but fair is fair, serious problems over there, correction no crash
– Macquarie analysts, post site tour, have materially lifted costs projections and reduced profit estimates for OZ Minerals (#OZL). Downgrade
– Uh-Oh. Citi analysts report industry feedback suggests retail sales in Australia have stalled in May #ausbiz #investing
– Rally in #copper triggered by massive shorts squeeze, reports Glushkin Sheff's Dave Rosenberg. Comex net shorts down by 90% in 2 months
– Glushkin Sheff's Dave Rosenberg: Fed has created a bull market alright, a bull market in complacency #investing
– Price action overnight: US #equities down, #oil mixed, #gold stable, base #metals up, except #nickel and #ironore up US40c to US$92.50/tonne
– Observation (and challenge to tech heads predicting $31 attraction): #BHP shares again approaching 4% dividend yield support (3.9%) #ausbiz
– Hmmm. Says Tim Price (PFP Wealth): In the entire history of the Bank of England, established 1694, interest rates have never been this low
– Observed: Macquarie projects falling earnings profile for Monadelphous (#MND) coming years (plural). Downgrade to Underperform #ausbiz
– Retail sales for April failed to surprise, despite positive precedent in 2011. Maybe this time around, everybody went on holidays? #ausbiz
– Morgan Stanley's target for ASX200 has lifted to 5800 by Q1 2015, implying 12% total return #investing #ausbiz
– … but property market down-cycle remains a concern in #China, says Macquarie, while macro could remain directionless for a while 2/2
– Macquarie expects #China GDP to grow above 7.1% but below 7.4% this year on the back of Beijing's mini-stimulus 1/2
– Citi reports: Global economic data specific to metal usage remain unsupportive of metal, indicating little positive momentum mining equities
– Morgan Stanley questions quality of supermarket store roll outs in Oz; largest downgrade to Woolworths' estimates in over 5 years coverage
– #ironore : all of a sudden experts have US$80 on their mind. #China price fell 4.1% to US$91.80/t on Friday amidst rumours canceled cargoes
You can add my regular Tweets on Twitter via @filapek
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