FYI | Jul 18 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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– Bell Potter positive about Brierty (BYL) transformation. Pumps up forecasts by 18% FY14, 26% FY15,price target to 72c from 52c. Buy #ausbiz
– BA-ML strategists now even more convinced global #equities likely to correct Northern autumn. Global funds switching into cyclicals #ausbiz
– BA-ML warns financial system #China likely to come under pressure as Huatong corporate bond default to reignite investors' fears #ausbiz
– Macquarie reiterates #China's GDP growth in Q3 to fall because of higher growth in period last year, sees risk skewed to downside #ausbiz
– Citi predicts #China’s GDP growth is likely in the transition phase to a “new normal” of 5-6% in next five years or so #ausbiz
– Overnight: #equities retreat. #Oil up. #gold up. Base #metals mixed. #Ironore down US50c to US$97.50/t. AUD US93.50c #ausbiz
– Deutsche Bank sees global growth acceleration quarters ahead. 2014 3.3%, 2015 3.9% #China GDP near 8% by year-end, US above 3%. #ausbiz
– CBA: Q2 acceleration in #China mainly due to temporary factors, momentum unlikely to sustain; continue to highlight downside risks to growth
– UBS' initial response to AGL profit warning: If EBIT FY15 flat (at best), it implies 14% downgrade. Share price down 5%. Tomorrow? #ausbiz
– Seldom a positive signal: CIMB today ceased coverage of Boart Longyear (BLY). In the background, Canadian fundies are selling stock #ausbiz
– Goldman: Commodity prices to fall and fall http://ow.ly/2KgxrS
– Overnight: #equities up. #Oil stable. #gold bounces. Base #metals mixed, #copper down. #Ironore unchanged at US$98.00/t. AUD 0.9368 #ausbiz
– Fed Beige Book suggests US economy continues expand moderate pace, yet not accelerating into the second half of the year. Still to come?
– ANZ lifts #China GDP forecast to 7.5% from 7.2% for 2014. Also, expects Beijing to lower target to 7.0% next year #ausbiz
– What the..? The Australian share market is expected to shrink in size this year. Hasn't happened in a long while http://goo.gl/FTLiAF
– BA-ML reports global fund managers survey suggests #equities might "melt up" in summer months. Expects correction in autumn #ausbiz
– Remarkable: JP Morgan's Resources versus Financials Timing Model continues to be in favour of the latter, albeit less so #ausbiz
– Vocus (VOC) in need of a strong result, concludes Bell Potter. Vodafone NZ renewal disappoints. Downgrade to Hold #ausbiz
– Macquiarie goes contrarian: turns bullish #China #equities. Predicts #ironore to lag econ upturn due to supply #ausbiz
– Overnight: #equities up. #oil up. #gold dumped. Base #metals mixed, #copper down. #ironore up US$1.00 to US$97.90/tonne #ausbiz
– Looks like competition really is heating up for banks. Coles and GE Capital are small, but they have distribution, brand and funds #ausbiz
– Is the #equities bull market nearing its end? Citi's Levkovich says: The Raging Bull Tramples the Matador (meaning, no way, Jose) #ausbiz
– On Friday, #China spot #Ironore closed unchanged at US$96.90 a tonne. Total gain for the week was US40c #ausbiz
You can add my regular Tweets on Twitter via @filapek
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