{"id":61111,"date":"2013-01-14T12:38:17","date_gmt":"2013-01-14T01:38:17","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/01\/14\/your-editor-on-twitter-120\/"},"modified":"2013-01-14T12:38:17","modified_gmt":"2013-01-14T01:38:17","slug":"your-editor-on-twitter-120","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/01\/14\/your-editor-on-twitter-120\/","title":{"rendered":"Your Editor On Twitter"},"content":{"rendered":"

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

\n\tI joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch<\/span>, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing<\/span> financial markets myself.<\/p>\n

\n\tWhile I am on Twitter, reading a quote here and a news flash there, I offer my own succinct insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek<\/span>.<\/p>\n

\n\tFor those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the period between December 22 and this morning:<\/p>\n

\n\t– BA-ML downgrades BHP to Underperform on conviction shares will underperform continued rally plus they will suffer when prices turn oil\/iron<\/p>\n

\n\t– DB thinks spot #ironore can rise to US$170\/tonne in coming weeks. Also thinks price can sink below US$120\/tonne in second half<\/p>\n

\n\t– Spot #ironore followed most other commodities down on Friday. Spot price fell by US$3.30 to US$154.90\/tonne<\/p>\n

\n\t– JP Morgan lines up its preferred A-REITs for the year ahead: GPT, WRT, SGP and DXS. Expects to witness another good year for the sector<\/p>\n

\n\t– BA-ML finds risks for major correction risk assets high in H1. At present, only seasonality supports equities (may keep correction away)<\/p>\n

\n\t– BA-ML states Oz equities NOT about to enter sustained earnings upgrade cycle, which poses big question mark in front of present prices\/rally<\/p>\n

\n\t– Observes Macquarie: since September share prices of BHP, RIO have risen by circa 29% while their valuations have fallen by an average of 7%<\/p>\n

\n\t– Note Macquarie is working off AUD\/USD at 1.04 for 2013 whereas most other stockbrokers have penciled in parity (1.00) for the year<\/p>\n

\n\t– Macquarie insists momentum\/price in #ironore unsustainable. Cuts AGO to Underperform and BHP, RIO to Neutral. BC Iron remains favourite<\/p>\n

\n\t– NAB has changed #RBA cash rate call to 2.25% by late 2013 as Oz economy is perceived to be weaker than previously expected<\/p>\n

\n\t– Think stocks went nowhere over the past decade? Think again: http:\/\/mot.ly\/UB422g<\/p>\n

\n\t– CS believes recovery in nickel price will prove unsustainable. Downgrades WSA and MBN to Neutral. PAN retained as sole Outperform<\/p>\n

\n\t– Re-appraisal of Premier Investments (#PMV) by Credit Suisse: upgrade to Outperform with target lifted to $7.54 from $5.95<\/p>\n

\n\t– DB lists #resources favourites: BHP, RIO, AWC, PNA, AQG and RRL. Sell rated are ILU, FMG and AGO (last two downgraded today)<\/p>\n

\n\t– Foreign Policy: "America's energy boost is possibly the biggest geopolitical change to hit the world since China's rise"<\/p>\n

\n\t– Spot #ironore price unchanged at 15 month high of US$158.50 a tonne<\/p>\n

\n\t– Global survey by UBS suggests more companies will reduce guidance during upcoming reporting season though slightly less so than in Q4 2012<\/p>\n

\n\t– Goldman Sachs forecasts average #ironore price US$140\/t for calendar 2013. Analysts are surprised by strength of rally thus far<\/p>\n

\n\t– BA-ML predicts #ironore price remain high in H1, weakness H2. Average price 2013 US$120\/t. Average Q1 US$140\/t. Preferred FMG, AGO, BCI, RIO<\/p>\n

\n\t– UBS predicts #Macquarie (#MQG) will restructure and adopt "Lazard" model. Upgrade to Buy, target jumps to $40 from $28.50 $ASX #investing<\/p>\n

\n\t– Deutsche Bank joins the chorus: spot #ironore is NOT going to stay at present levels. DB forecasts US$114\/tonne average for calendar 2013<\/p>\n

\n\t– There's no stopping spot #ironore, or so it seems. On Tuesday the price lifted by US$4.60 or 2.9% to a 15 month high of US$158.50 a tonne<\/p>\n

\n\t– Howard Marks (Oaktree): What the wise man does in the beginning, the fool does in the end. Wise man = aggressive buying 2008\/09, fool = now<\/p>\n

\n\t– 1.00: Price\/fair value ratio for all stocks rated by Morningstar's analysts. #Stocks as a whole are fully valued. http:\/\/ow.ly\/gBJUe<\/p>\n

\n\t– Experts (some) getting worried about equities having rallied too fast, too high http:\/\/tinyurl.com\/b3hnea5<\/p>\n

\n\t– BA-ML says #Macquarie (#MQG) has run too far ahead of earnings. Downgrade to Neutral. Target $34.50 (below current share price). New trend?<\/p>\n

\n\t– CS believes #Fortescue (#FMG) share price rally has been too fast, too high. Downgrade to Neutral. Target price jumps to $5.50 from $4.50<\/p>\n

\n\t– Everything has a price, says UBS. Downgrades #CommBank (#CBA) to Sell. 12mth price target $55 versus share price at $63+. Finally?!<\/p>\n

\n\t– CBA says spot #ironore has probably run too hard. Price weakness or higher steel price should now follow. US$119\/t est average 2013 too low?<\/p>\n

\n\t– Five investments to avoid in 2013 http:\/\/tinyurl.com\/ajwt799 via @newscomauHQ<\/p>\n

\n\t– BA-ML anticipates reverse relationship commodities-China in 2013 versus 2012: positive H1, potentially negative H2<\/p>\n

\n\t– Macquarie predicts (most) commodity prices may well peak in Q1 this year. China remains most important component. M&A activity may return<\/p>\n

\n\t– Morgan Stanley trading call: Mirvac shares to outperform and rise in absolute terms over 60 days ahead<\/p>\n

\n\t– Morgan Stanley trading call: Stockland shares will weaken in next 60 days. Anticipate weak interim results<\/p>\n

\n\t– CIMB\/RBS Morgans initiate coverage on Freedom Foods Group (FNP) with Outperform rating and $1.03 price target on strong growth ahead<\/p>\n

\n\t– Deutsche Bank downgrades Sydney Airport to Hold following adverse ATO ruling. Valuation lifted to $3.45 on rolling forward valuation model<\/p>\n

\n\t– S&P500 market has the most overbought readings for over a year with 73% of stocks now overbought and market approaching resistence.<\/p>\n

\n\t– JP Morgan upgrades Ardent Leisure to Overweight, target raised to $1.53. Prospective 8.5% yield looks certain plus upside profit potential<\/p>\n

\n\t– Citi predicts 2013 will be worse for Europe than was 2012. Suggests companies with large exposure poised to disappoint, prefers EM exposure<\/p>\n

\n\t– GS ups AUD\/USD forecast for 2013 above parity. Downgrades IPL to Neutral. Removes CRZ, SUN. FRE.NZ, REA from Conviction Lists<\/p>\n

\n\t– Wien (continued): hard time for financials, Iran will become nuclear force, US corporate profits decline, equities lose 10%, Europe same 2\/2<\/p>\n

\n\t– Blackstone Byron Wien's Top10 2013 surprises lists a few eye-catchers: equities to disappoint, technology in doldrums but Apple OK 1\/2<\/p>\n

\n\t– Really? Spot #ironore price rose by US$4.90 or 3.3% to US$149.80 a tonne<\/p>\n

\n\t– US Dow Jones +308pts; gold +$13; oil +$1.30; Aussie US105c; iron ore unchanged; OZ share futures +28pts. No economic data today.^CJ<\/p>\n

\n\t– Spring 2010, summer 2011 and spring\/fall 2012 all saw meaningful #equity declines. 2013 not going to be different, forecasts BTIG<\/p>\n

\n\t– IHS Global predicts side-ways moves for #commodities in 2013; similar to what has transpired in 2012. Otherwise no big calls for year ahead<\/p>\n

\n\t– Start 2013 with some invaluable extra knowledge: investment and finance books to read (any time, really) http:\/\/goo.gl\/DNHwH<\/p>\n

\n\t– Just when you thought 2013, post US Fiscal Cliff, was going to be plain sailing… Mauldin sees mayhem Japan and France http:\/\/tinyurl.com\/az34gqm<\/p>\n

\n\t– Spot #ironore price closed steady on Friday at US$139.40 a tonne, up US$4.00 over the week<\/p>\n

\n\t– #Xmasrally? US indices are now en route for negative December performance. Peaked 3mth ago. Oz equities keep on grinding higher. Divergence!<\/p>\n

\n\t
\n\tYou can add my regular Tweets on Twitter via @filapek<\/span><\/p>\n

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

Tweets on Twitter by Your Editor (past three weeks).<\/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":[48],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61111"}],"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=61111"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61111\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}