Wednesday, 21 October 2015

Financial Orbit wrap 21/10/15

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...

1. Oil & investment flows - Saudis Risk Draining Financial Assets in Five Years, IMF Says (link here).  Unless the oil price bounces back could have negative implications on global investment flows (already been suggested that the Saudis have withdrawn c. $50bn from global markets).


2. Lots of numbers today...in Europe on a couple of Swiss stocks I observed that:

Now what Syngenta needs to do is refocus on fundamentals, hit those cost cutting and cash flow generation targets and with a fairer wind from underlying agricultural demand - and not such a dogmatic attitude on M&A - a CHF400 share price is plausible. 

Staying in Switzerland, the stand-out chart for me from the ABB numbers was this one citing 'continued hard weather sailing': 


3. Meanwhile in the US, Boeing shares ended up about 1.5% on the day...and you can see why with the combination of cost cutting and good order flow contributing to the below noted upgrade.


But today - at the margin - none of Boeing, Kimberly-Clark, Coca-Cola or Ferrari left me at the margin wanting to buy stock (link here)...unlike Syngenta and ABB above in Europe.  

4. I tweet out re a chart of who owns US government debt: 

Quite possible to muse on why all of the top 5 may become material net sellers over the next little while...

5. What ‘Back to the Future II’ got right about tech in 2015 (link here). Fascinating! 

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