Tuesday, 29 September 2015

Financial Orbit wrap #2 (markets) 29/09/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

Two wraps today...after the economics wrap here...now the markets related one.

1. What China wants - as I noted on Twitter:
'interesting chart, right way to think about it

2. Active management - clearly the way to go but pick the wrong stocks andit is not pretty...

3. Chinese travel - good news for one of my favourite Asian stocks Samsonite re untapped demand...

4. Wolseley numbers in the UK were not well-received with over a 10% fall today.  Here is my key insight from the conference call...not the greatest general readthrough.  

Wolseley - on call saying US industrial biz (15% sales) slowed but growth for country +6% next 6 mths (visibility they have). Shares -10.7%

5. And then there is Glencore - a big bounce today after reiteration that the company's balance sheet remains reasonably solid. There was also a (house) broker note that in contrast to yesterday's excitable commentary saw over 100% upside.  And the truth?  Somewhere in the middle of course (my preference - added to yesterday - is the more solid/higher yielding BHP Billiton).  

No comments:

Post a Comment