Friday, 19 February 2016

The last week on Financial Orbit

Versus some recent weeks so far in 2016 the last five days or so were relatively modest in terms of newsflow. Yes markets generally went up but by no means are we in a risk-on environment at least yet.

Financial Orbit Macro chronicled every business day morning the evolving macroeconomic scene. My favourite charts of the week?  Well the OECD highlighted some of the residual challenges in the world economy today including a lack of structural reforms...

...meanwhile what are investors worried about?  A US recession?  Really?

Other issues covered by Financial Orbit Macro included the latest fluctuations of the oil price, issues around the ongoing Brussels conference on the future of Europe and the continuing malaise in Japanese economic prospects.

The last week or so has continued to be a very heavy corporate results period with multiple numbers and related updates for Financial Orbit Stocks to appraise.  Among the stocks and themes covered in the once a business day updates on the two Financial Orbit preferred lists included:
  • Weekly preferred portfolio review list time;
  • Thoughts on a few names including Philip Morris International, UBS and Tiffany plus a quarterly update from Deere;
  • Some company announcements today from the US: review of the latest earnings from Wal-Mart and Marriott hotels;
  • In today’s update I review the numbers from Air Liquide which appears in both preferred stock lists.

Finally Financial Orbit Immediate also covered the global earnings season generally outside the range of my preferred stocks.  A selection of the topics written up is below - what a busy week!
  • Thoughts on a few Thursday reporters: Schneider Electric, ABN and Dr Pepper Snapple;
  • Some thoughts on the Nestle quarterly comments which were out today;
  • The name which stands out to review in European reporting today is Reckitt Benckiser.  Headline corporate results and associated commentary for the FY period appeared strong with positive progress on all fronts;
  • Some thoughts on the Centrica, GoDaddy and CF Industries numbers out over the last 16 hours or so.  Utilities, technology and chemical/agricultural sectors – something for everyone!;
  • Some thoughts on the Coca-Cola Hellenic Bottling quarterly comments which were out today;
  • Some thoughts on the John Deere quarterly comments which were out today;
  • Been a busy last couple of days so before we get onto today’s numbers, let’s take a look at a couple of key ones from yesterday – Anglo American and Michelin.

If you would like to receive any of the above reports or join any of the above mailing lists then contact me  

Chris Bailey
Founder, Financial Orbit
Twitter: @financial_orbit

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