FYI | Oct 03 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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– CBA finds limited structural catalysts #ironore price recovery, prices likely entered “down cycle” of prolonged pricing well into cost curve
– Goldman Sachs has bad news for met #coal producers: prices to remain lower for longer. No relief in sight #ausbiz
– Bell Potter has revisited valuation case of CBA shares and has arrived at a share price target of … $83 (was $86). Rating Buy #ausbiz
– BA-ML suggests Beijing will continue to introduce easing and stimulus measures in coming weeks. GDP growth forecast 7.2%,7.3% 3Q-4Q #ausbiz
– CIMB nails it with today's title above REA Group (REA) research update: "Move aside, NWS is in control" #ausbiz
– CIMB analysts believe Australian banks to face de-rating as more stringent regulations will dampen growth prospects. Underweight #ausbiz
– Today, Macquarie also ceased coverage on Alkane Resources (ALK), Last rating was Underperform, price target 31c #ausbiz
– Seldom a positive: Macquarie has ceased coverage on Hot Chili (HCH). Last rating was Underperform, target 20c $ausbiz
– Citi: Retail sales growth not strong enough to justify lofty PE ratios. Retains Sell ratings on JB Hi-Fi, Myer, Premier Investments #ausbiz
– Overnight: #equities weaker. #Oil weaker. Brent US$94.17 #Gold up. Base #metals weaker. #ironore no trade due holidays. A$ US87.30c #ausbiz
– Stephen Roach: Fed's policies have led to mounting financial-market excesses. Exit will be all the more problematic for markets #investing
– Stephen Roach: Fed grappling with disconnect between policy’s success in preventing economic disaster and failure to foster robust recovery
–#Commodity bulls need to be patient. Deutsche Bank says cyclical turnaround in Chinese property market may take another 6 months #ausbiz
– Equities battling tough headwinds but #gold is not benefiting. My view on what's really driving gold: http://goo.gl/hij86v #ausbiz
– CS forecasts Brent US$97.3/bbl for balance of FY15, falling to US$90.5/bbl in FY17 before converging to a long-term real price of US$86/bbl
– Feeding market speculation: Bell Potter suggests "The argument for a SUN Bank-BEN tie-up has never been stronger" #ausbiz
– Overnight: US #equities softer. #Oil, #Gold down. Base #metals mixed, mostly weaker. #ironore down US20c to US$77.50/t. A$ US87.50c #ausbiz
– JP Morgan also sees modest upside from #China re-stocking for #ironore. Predicts price mid-US$80s by year-end #ausbiz
– JP Morgan has lowered #ironore price forecasts to (average) US$99/t in 2014 (-6%), US$88/t in 2015 (-9%) and US$84/t in 2016 (-11%) #ausbiz
– Citi economists cut growth projections for 2015, but retain forecasts for US, allowing FOMC to start hiking rates next year #ausbiz
– ResMed (RMD) remains Citi's preferred exposure inside the Australian healthcare sector #ausbiz #investing
– Overnight: #equities weaker. #Oil stronger. #Gold up. Base #metals mixed, mostly up. #ironore down US90c to US$77.70/t. A$ US87.20c #ausbiz
– BA-ML suggests retail sales all-important Xmas season to disappoint with headwinds building for consumers. Gaming stocks preferred #ausbiz
You can add my regular Tweets on Twitter via @filapek
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