Thursday, 29 October 2015

Financial Orbit wrap 29/10/15

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. Earnings, earnings, earnings.  I still like the prospective opportunity in Barclays shares...although the market remains cautious:

'Pulling it all together I like the 220-240p support area for Barclays shares as this share price broadly factors only in accomplishment of the 2016 revised targets plan.  Further non-core compression in 2017 plus general progress in showing the sum-of-the-parts Core value should make 2017 even more interesting.  Given the stock market is a discounting machine this implies 2016 should be a better year for Barclays shares than 2015 has been so far assuming the global economy doesn't fall off a cliff of course'. 

2. Far too many other European earnings out.  I just scrape the surface here.

Europe earnings wrap today (Shell, BT Group, Lufthansa, Nokia)

3. Ditto with a bunch of American earnings.  Link here for the full piece.

US earnings wrap: Potash Corp, Praxair, Goodyear, Newmont, Barrick Gold 

4. US Q3 GDP was kind of patchy as discussed here especially given the FOMC comments yesterday...meanwhile China rolls over on the one child policy.  Kind of pretty clear why (see below).  I think we can put it down to some practical supply side decision making by the Chinese authorities.

5. And finally...investment product reality!

It made me laugh at least.  Via @ldaalder. 

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