{"id":58788,"date":"2011-09-05T10:33:12","date_gmt":"2011-09-05T00:33:12","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/09\/05\/icarus-signal-new-entries-for-today-67\/"},"modified":"2011-09-05T10:33:12","modified_gmt":"2011-09-05T00:33:12","slug":"icarus-signal-new-entries-for-today-67","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/09\/05\/icarus-signal-new-entries-for-today-67\/","title":{"rendered":"Icarus Signal New Entries For Today"},"content":{"rendered":"

\n\tDaily update on share prices and consensus price targets.<\/p>\n

\n\tBy Rudi Filapek-Vandyck<\/span><\/p>\n

\n\tThe beauty of the new tools and services we developed over the years is, in my view, that we (as in: investors) are now more able to predict when stockbrokers are going to change their recommendations. Don't forget, in its early days FNArena<\/span> started off by registering which broker ratings had changed and that was all we did. It has been a fruitful journey, to say the least.<\/p>\n

\n\tIt is thus no surprise that Domino's Pizza ((BMP)), one of the stand-out performers in the August reporting season, has today received a recommendation downgrade. The stock had already landed on Icarus<\/span>' radar as it started to look less and less value. The shares are still trading above consensus target, but maybe downgrades like today's might start calling in the earth's gravity?<\/p>\n

\n\tVolatility and churn inside the various Icarus<\/span> tables remains high. On Friday, David Jones ((DJS), Lycopodium<\/span> ((LYL<\/span>)), Aston Resources ((AZT<\/span>)), Matrix Composites & Engineering ((MCE<\/span>)), Regis Resources ((RRL<\/span>)), REA Group ((REA)), Sedgman<\/span> ((SDM<\/span>)), Wotif.com<\/span> ((WTF)) and Metcash<\/span> ((MTS<\/span>) all disappeared from the table of stocks trading close but still below target due to share price weakness. Most of these names (if not all of them) appear and disappear on Icarus<\/span> radar on a regular basis. Warrnambool<\/span> Cheese ((WCB<\/span>)) was the only one that managed to move up into the table of stocks trading above target and that probably says enough: Warrnambool<\/span> is not simply trading on PE or profit growth potential, there's take-over speculation in the air.<\/p>\n

\n\tTarget price changes pushed Resolute Mining (RSG<\/span>)) and Treasury Wine Estates ((TWE<\/span>)) from above consensus back to below consensus target, where both join Perseus<\/span> Mining ((PRU<\/span>)) and Charter Hall Retail ((CQR<\/span>)). The latter is also driven by take-over action. Note how Perseus<\/span> Mining's rally appears to be stalling, which would be a classic pattern for stocks that have run up too high, too rapidly. Within this context, we note there's no sign anymore of the likes of Campbell Brothers ((CPB<\/span>)) and Iress<\/span> ((IRE)), stocks that were regulars in daily Icarus<\/span> Signal updates only weeks ago.<\/p>\n

\n\t\"\"<\/p>\n

\n\tThen again, investors are being reminded stocks do not always respond immediately to Icarus<\/span> Signal warnings. Cochlear ((COH<\/span>)) is one such classic example, as are Envestra<\/span> ((ENV<\/span>)) and Monadelphous<\/span> ((MND<\/span>)). Note the middle one received a recommendation upgrade today.<\/p>\n

\n\tThere are now 17 stocks trading below but close to target and 19 others remain above target. In the Bottom 50, Australian Worldwide ((AWE)) has now re-joined, alongside Hillgrove<\/span> Resources ((HGO<\/span>)) and Alkane<\/span> Exploration ((ALK<\/span>)).<\/p>\n

\n\tInvestors should consider the information and data are provided for research purposes only.<\/p>\n

\n\tStocks <3% Below Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t CQR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.25<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.33<\/td>\n\n\t\t\t\t\t\t\t\t2.49%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t PRU<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.61<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.66<\/td>\n\n\t\t\t\t\t\t\t\t1.25%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t RSG<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.56<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.56<\/td>\n\n\t\t\t\t\t\t\t\t0.32%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t TWE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.35<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.38<\/td>\n\n\t\t\t\t\t\t\t\t0.78%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tStocks Above Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t WCB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.07<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.05<\/td>\n\n\t\t\t\t\t\t\t\t– 0.49%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTop 50 Stocks Furthest from Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Price($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t ALK<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.88<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.04<\/td>\n\n\t\t\t\t\t\t\t\t61.70%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t AWE<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.15<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.80<\/td>\n\n\t\t\t\t\t\t\t\t56.87%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t HGO<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.27<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.43<\/td>\n\n\t\t\t\t\t\t\t\t62.26%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus<\/span> Signal, please go to this link<\/a><\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span><\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Daily update on share prices and consensus price targets.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58788"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58788"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58788\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}