FYI | Jun 27 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
****
– JP Morgan sticks to 5700 as year-end target for ASX200. Sees mining stocks as near bottom of trading range, rather than downturn #ausbiz
– Overnight: US #equities retreat. #Oil mixed, #gold stable. Base #metals mixed. #Ironore up US$1.60 to US$95.30/tonne #ausbiz
– Support for #gold about wane, predicts ANZ Bank. Technically, a price rise is possible, but weakness likely on the cards for coming quarters
– Another example of extreme product price leverage exposed as Citi reduces profit forecasts for Arrium (ARI) by 25-77% across FY14-16 #ausbiz
– Going against the grain: Credit Suisse lifts ASX200 target to 6000 from 5600 on de-equitisation, suggesting strong performance H2 #ausbiz
– Bell Potter initiates coverage on Panoramic (PAN) with Buy and $1.01 price target on leverage to rising #nickel price #ausbiz
– Bell Potter initiates coverage on Smartpay (SMP) with Buy rating and $0.42 price target in anticipation of re-rating #ausbiz
– So when will they downgrade? Citi asks about Myer (MYR). Retains Neutral rating, cuts price target to $2.15 #ausbiz
– Overnight: US #equities lacklustre, but up. #oil mixed, #gold grinding higher. Base #metals mixed. #Ironore up US40c to US$93.70/t #ausbiz
– Dennis Gartman calls it: that long anticipated correction in #equities has begun. Believes SP500 will find support at 1910-1920 #investing
– So why keep banks shares defying gravity? How worried should we be about profit warnings? My Weekly Analysis http://tiny.cc/zbrzhx #ausbiz
– Of all the people in history that have reached 65 years of age, half of them are living right now.
– Interesting tidbit: Morgan Stanley reports Arrium's all-in break-even level for #ironore sits at US$86/t #ausbiz #investing
– Concludes CS: emerging market momentum – crucial for commodity demand – looks likely to continue to lag behind developed markets #ausbiz
– UBS still targets 5700 for ASX200 year-end on single digit growth FY15. Prefers USD earners. Adds CBA, BRG to model portfolio #ausbiz
– Uh-Oh. Credit Suisse says #ironore needs to trade at US$80/tonne for prolonged time to rebalance the market #ausbiz
– CS' revised forecasts for average #ironore prices 2014-16 are US$101, US$89 and US$87/t, respectively. Questions cap mngt BHP, RIO #ausbiz
– Reports Citi: Chinese #ironore mine production is more resilient than is commonly assumed. Sees price stabilising H2 #ausbiz #commodities
– The oft underestimated leverage: CS lowers #ironore price forecasts by up to 10% and Atlas Iron's profits projected to dive by 60% #ausbiz
– Moelis sees resumption of double digit growth in FY15 for retailer Kathmandu. This implies the stock is a Buy #ausbiz #investing
– JP Morgan's Timing Model continues to prefer Financials over Resources. Now uninterrupted for 15 consecutive weeks #ausbiz #investing
– Investors too focused on NAB's UK exit, reports Morgan Stanley. Need for "Australian" solution to margins, balance sheet (I agree) #ausbiz
– Overnight: #equities pause. #Oil, #Gold stable. Base #metals higher. #ironore up US$1.30 to US$93.40/tonne #ausbiz #investing
– Title of the day: Hey Crude, don’t make it bad. BA-ML analysts suggesting Brent at US$125/bbl to prove breaking point risk assets #ausbiz
– Citi analysts sum it up quite nicely: Australian reporting season may be a bit tough, but not dire #ausbiz #investing
– #Silver and #gold: it's just a squeeze of shorts, says ANZ Bank, not a new trend. Implication: it'll run a little bit, but will weaken again
You can add my regular Tweets on Twitter via @filapek
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
