FYI | Jan 30 2015
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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– Credit Suisse speculates whether Nine Entertainment (NEC) could be a target for foreign suitor at current low share price #ausbiz
– UBS' 17th 'Supermarket Tracker' survey suggests Woolworths' near term results to remain under pressure, raising questions over FY15 guidance
– Citi economists not on board the more rate cuts from RBA market trend; leave re-adjustment to the USD, is their advice #ausbiz
– AllianceBernstein: a renewed rate cut cycle for RBA beginning in mid-2015 seems increasingly likely #ausbiz
– St George Bank: first RBA meeting and decision in 2015 will be a close call. If RBA does cut, it is unlikely to be a one-cut wonder #ausbiz
– BTIG strategist Dan Greenhaus declares: Gone are the days of the quiet march higher. Easy days these are not #investing #ausbiz
– ANZ Bank forecasts the return of US cash as an asset class for the first time in a decade #ausbiz
– Credit Suisse has added WorleyParsons (WOR) to its Top Picks list on the basis of cheap valuation and potential for share buyback #ausbiz
– Morgan Stanley anticipates a "good" result from CBA on Feb 11, but argues it's all in the share price already #ausbiz
– Citi reports since 2011, US companies bought back over $1.7trn of own shares, equivalent to 12% of average market cap over the period
– ANZ Bank: On balance FOMC statement more dovish than April but remains consistent with start policy normalisation around mid year #ausbiz
– Ahem. Citi just downgraded Westpac to Sell with price target cut to $32. Sees more significant challenges than opportunities ahead #ausbiz
– CBA maintains base case is for Fed to start raising rates in mid 2015. But inflation developments are a vital piece of the puzzle #ausbiz
– RBNZ did not cut rates this morning, but shifted towards more neutral stance, leaving room for cuts forthcoming. New trend for CBs? #ausbiz
– According to SWIFT, the use of yuan has surpassed AUD & Canadian dollar to move into fifth place for global financial transactions #ausbiz
– Today's CPI has pushed UBS into the two-more-cuts group from the RBA in H1 2015 #ausbiz
– CBA maintains: RBA unlikely to cut interest rates at February or March meetings, but market has RBA rate cut fully priced for April #ausbiz
– Bell Potter initiates coverage on IPH Ltd with Buy and $4.08 price target. High quality business in structurally growing sector #ausbiz
– Bell Potter initiates coverage on SurfStitch with Buy and $1.30 price target. Sees strong growth plus acquisitions on the horizon #ausbiz
– Never a positive thing. Macquarie ceases coverage on #ironore minnow Sundance Resources. Last price target: $0.01 #ausbiz
– Citi strategists project the ASX200 to move up to 5850 by end 2015 with industrials continuing their growth path in background of resources
– Oh but the controversy! Goldman Sachs argues lower #commodities prices years ahead to translate into higher returns for investors #ausbiz
– JP Morgan released in-depth study of Oz P&C Insurance sector. Conclusion: cycle has turned. More of less = outlook 2015 #ausbiz
– The Reject Shop's FX sensitivity has soared with UBS estimating each 1c fall in AUD/USD triggers 17% hit to EBIT #ausbiz
– Goldman Sachs sees #gold losing its appeal post 2015, but upgrades price forecast short term. To average US$1,089/1,050 in 2016-17 #ausbiz
– Big miners to find dividend yield support, predicts Goldman Sachs. Cuts price target BHP to $29, Rio's to $55 #ausbiz 2/2
– Today's mining stocks are value traps, not bargains, argues Goldman Sachs. Sees continued cost deflation depressing outlook #ausbiz 1/2
– UBS now believes a low CPI next week might persuade RBA to cut in order to "insure" the econ recovery, with more headwinds building #ausbiz
– Morgan Stanley believes Medibank's FY15e underlying margin might disappoint, with claims and acquisition costs rising #ausbiz
– Citi says G4 bond yields are low in spite of QE, not because of it, may go lower still. Equities are not cheap but not rich either #ausbiz
– Morgan Stanley: QBE guidance likely to lead to drop in consensus forecasts. Sees share price underperforming sector next 60 days #ausbiz
– Morgan Stanley suggests Suncorp likely to disappoint with interim result. Sees share price underperforming sector over next 60 days #ausbiz
You can add my regular Tweets on Twitter via @filapek
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