{"id":59237,"date":"2011-11-30T12:46:40","date_gmt":"2011-11-30T01:46:40","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/11\/30\/icarus-signal-new-entries-for-today-89\/"},"modified":"2011-11-30T12:46:40","modified_gmt":"2011-11-30T01:46:40","slug":"icarus-signal-new-entries-for-today-89","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/11\/30\/icarus-signal-new-entries-for-today-89\/","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\tIt was three weeks ago that Icarus<\/span> started issuing warning signals about shares in Fleetwood Corp ((FWD)). Though it didn't turn out an immediate point of reversal, the chart below is pretty much self-explanatory. For everything there's a price and this also includes a well-oiled machine such as Fleetwood. The shares have started to join in the newfound market optimism again, after losing $1.50 in share price.<\/p>\n

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

\n\tThe Fleetwood experience could prove a blue print for others such as Campbell Brothers ((CPB<\/span>)) and Monadelphous<\/span> ((MND<\/span>)). Both companies continue to win new contracts and whenever they update the market on financials there's always another positive surprise, but with share prices hovering around consensus targets, what real upside is left for the short to medium term?<\/p>\n

\n\tIt is a question that will increasingly being asked by investors as the likes of QR<\/span> National ((QRN<\/span>)), Platinum Asset Management ((PTM<\/span>)) and Little World Beverages ((LWB<\/span>)) have once again landed on Icarus<\/span>' radar. Note asset managers such as Platinum are heavily leveraged towards improving equity markets, just like miners are triple leveraged to an acceleration in global growth. James Hardie<\/span> ((JHX<\/span>)) has now appeared on Icarus<\/span>' radar too and that would require sustained improvement in the US housing market. There's a lot of built-in leverage at James Hardie<\/span> too.<\/p>\n

\n\tThere are now 22 stocks trading close but still below consensus target and these include Cochlear ((COH<\/span>)), Reckon ((RKN<\/span>)), Ansell<\/span> ((ANN)) and all of the above mentioned names, except Fleetwood. There are 21 stocks trading above target, including AJ<\/span> Lucas ((AJL<\/span>)), Domino's Pizza ((DMP<\/span>)), Webjet<\/span> ((WEB)) and more than a handful of corporate targets.<\/p>\n

\n\tDavid Jones ((DJS)) remains one of the most shorted stocks in the share market and the share price did correct substantially earlier this month, but it appears it cannot genuinely let go of that price target.<\/p>\n

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

\n\tStocks<\/span><\/h2>\n

\n\t<3% Below Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/span><\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/span><\/th>\n\n\t\t\t\t\t\t\t\tCurrent<\/span><\/th>\n\n\t\t\t\t\t\t\t\tPrice($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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 PSH<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.13<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.13<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t QRN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.40<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.42<\/td>\n\n\t\t\t\t\t\t\t\t0.56%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t JHX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 6.60<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.71<\/td>\n\n\t\t\t\t\t\t\t\t1.61%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t MND<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 19.69<\/td>\n\n\t\t\t\t\t\t\t\t$ 20.10<\/td>\n\n\t\t\t\t\t\t\t\t2.10%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\t NHC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.95<\/td>\n\n\t\t\t\t\t\t\t\t$ 6.11<\/td>\n\n\t\t\t\t\t\t\t\t2.64%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\t PTM<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.71<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.81<\/td>\n\n\t\t\t\t\t\t\t\t2.70%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\t LWB<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.40<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.50<\/td>\n\n\t\t\t\t\t\t\t\t2.94%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\t\t\t CUS<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.11<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.14<\/td>\n\n\t\t\t\t\t\t\t\t2.99%<\/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<\/span><\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/span><\/th>\n\n\t\t\t\t\t\t\t\tCurrent<\/span><\/th>\n\n\t\t\t\t\t\t\t\tPrice<\/span><\/th>\n\n\t\t\t\t\t\t\t\t($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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 DJS<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.77<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.75<\/td>\n\n\t\t\t\t\t\t\t\t– 0.90%<\/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\t\t\t\t\t\t\t\tOrder<\/span><\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/span><\/th>\n\n\t\t\t\t\t\t\t\tCurrent<\/span><\/th>\n\n\t\t\t\t\t\t\t\tPrice($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/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 SYM<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.25<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.53<\/td>\n\n\t\t\t\t\t\t\t\t112.00%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t QRX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.35<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.38<\/td>\n\n\t\t\t\t\t\t\t\t76.07%<\/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\/59237"}],"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=59237"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59237\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}