This week ATW’s Jerry Simmons suggests the S&P 500 remains in bullish mode above 1550 while the US dollar is looking weak.
Flight Centre has demonstrated earnings resilience and is still impressing brokers with its business model.
Brokers review the upcoming earnings season as bears look to have the upper hand. Tentative improvement in housing construction is expected while householders seem able to cope with debt.
Weekly update on recommendation, target price, and earnings forecast changes.
The short term RSI is at overbought levels and limited upside is seen early in the week, reports iQuant.
A wrap of the day’s activity on the Australian stock market.
This week’s Tweets on Twitter by Your Editor.
Goldman takes a look at metal price forecasts, while JP Morgan makes the case for improvement in refined zinc and Macquarie makes observations on the latest Chinese trade data.
The LME’s push to change its warehousing rules, coupled with the Fed’s rethink on US bank commodity trading, suggests the potential for significant base metal price falls.
CBA has made a proposal to internalise the management of CFS Retail and Commonwealth Property Office. Brokers examine the ramifications.
