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Morning all,

 Kiev square

 

 

Trade Union Halls in Kiev, Ukraine.

 

Anyway to finance…

 

Don’t blame it on the Sunshine,

Don’t blame it on the moonlight,

Don’t blame it on the good times ,

Blame it on the weather.

 

Overnight US markets slipped a killer combo of poor housing starts due to the weather, trouble in the Ukraine, Fed Minutes surprisingly showing that the Fed is thinking about higher rates…never say never…was enough to derail things. I mean really though who cares about the Ukraine…well it is pretty important for western Europe’s gas supplies so the impending civil war is not good! Nor the poor civilians and police that have been killed. No sign of it ending anytime soon either. While it rumbles around world markets will be unsettled..Gold may perk up a bit too…

 

Our market though needs a breath..it has run hard..we seem to be having more surprises than a blind man walking into a room full of jack in the boxes!  Yesterday’s big surprise was Seek(and you will indeed find)up 16%!

 

The big themes of the reporting season are costs out and dividends…the corporates are rewarding shareholders..even FMG are handing out the lollies..I guess the only downer on that is that companies obviously cannot see anything better to do with their cash…short term share price is the way to go..executives get rewarded ,shareholders are happy and then they are long gone when they run out of costs out! actually costs out is code for sacking people..the big guys seem to be getting very good at it too..TLS announced another raft of cuts yesterday..Alcoa the day before, Toyota, Holden, Ford, Forge etc..glad our Tone has a plan…

 

 

Anyway it’s all  about the results but I think the market looks tired…there are only so many surprises a man can take!

 

Results out today include

 

Adelaide Brighton

Alumina

AMP

Decmil Group

Drillsearch

Emeco

Envestra

Fairfax Media

Fletcher Building

Invocare

Leighton Holdings

Magellan Financial

Mirvac

Origin Energy

Pan Aust

Platinum Asset Management

Tatts

Treasury Wine

 

Idea of the day -MSB and TWE Both a buy..

 

If we are going to thrive as a nation we need to think smarter..one company that is doing that is MSB…these guys are involved in stem cell trial to fix everything from disc repairs to heart valves and a dripping tap..

 

Today it announced that a Key European patent had been granted for MPC s in Cardiac and Vascualar systems..now if Actavis  can buy Forest Labs for $25bn…then this must be on someone’s shopping list …biotechs are high risk..but as Carl iCan has shown they can be very rewarding..like this one..MSB is a buy…

 

And talking of takeover targets and everyione seems to be TWE must be on the list..if you wanted a global wine maker run badly that has loads of potential..look no further punters..appointment of new MD this morning too..Michael Clarke..he has certainly helped turn around the cricket team ..so anything is possible…again would be looking to buy this one…

 

 

Things to make me go mmmmm!

 

Loving Sochi….I know no one in Australia watches it and you can tell by the quality of the ads that TEN is struggling..whenever I see the “filler ads” from the Home shopping network, you have to worry..but I do fancy one of those exercise bikes that allows you to watch TV and still have great abs..can’t find mine though!!

 

Few stocks reporting early….Origin Energy has posted a 39 per cent drop in first-half profit to $322 million, while underlying profit edged up 5 per cent to $381 million, just short of some forecasts.

 

Fairfax Media has reported 48.5 per cent growth in underlying net profit to $86.4 million for the half year ended December 31, compared with the previous corresponding period.

Revenue was down by 1.2 per cent to $1.083 billion, while earnings before interest, tax, depreciation and amortisation grew by 2.3 per cent $178 million.

 

AMP has reported a 2 per cent fall in net profit to $672 million for the year to December, as earnings were hurt by worsening claims and customers cancelling their cover.

 

Good to see Lagarde in Sydney for the meeting of the G20 finance ministers..go on Uncle Joe make us proud..anyway this is the start of the year of us being all presidential for the G20..lagarde is even on Q&A tonight with Tony Jones..should be thrilling…and I get to talk to Joe Hockey!!!!

 

download (9)

 

 

 

She has had a few things to say about the global recovery recently being still fragile and that emerging markets need to be watched…in their words.. “Capital outflows, higher interest rates, and sharp currency depreciation in emerging economies remain a key concern,” Plus deflation in Zombieland.

 

I think the world has gone mad..but maybe I am wrong!! Facebook Inc., the world’s largest social network, agreed to acquire mobile-messaging application startup WhatsApp Inc. for $16 billion in cash and stock.thats 50 bucks a user…crazy..Viber went for 3 bucks a chuck…Faceplant shareholders will h ate this…

 

Less than two months into 2014, global investors pulled more money out of emerging-market stock and bond funds than the total amount they retracted last year.

 

142 Brazilian cities are rationing water.Droughts happening in Brazil having a huge effect and California facing a similar situation..this is to blame apparently.. “the Pacific Decadal Oscillation” suspect we will hear a lot more of this in the coming months…it has something to do with the surface temperature of the Pacific Ocean and can be devastating..or so they say!

 

The  French King Louis XVI asked his advisers in 1789, “Is it a revolt?”, the King enquired; “No, sire,” the duke replied, “It is a revolution.”

 

Seems the Fed is confused…

 

*SEVERAL FOMC PARTICIPANTS SAID TEMPORARY FACTORS SPURRED GROWTH

*FED TO CHANGE RATE GUIDANCE AS UNEMPLOYMENT FALLS, MINUTES SHOW

*SOME FOMC PARTICIPANTS FAVORED `QUALITATIVE GUIDANCE’

*SEVERAL PARTICIPANTS FAVORED $10 BILLION QE TAPER PER MEETING

 

Wal-Mart Stores Inc. the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage

 

And finally…..

 

 

A young man with his pants hanging half off his rear end, two gold front teeth, and a half inch thick gold chain around his neck; walked into the local welfare office to pick up his cheque.

He marched up to the counter and said, “Hi. You know, I just HATE drawing welfare. I’d really rather have a job.. I don’t like taking advantage of the system, getting something for nothing.”

The social worker behind the counter said “Your timing is excellent. We just got a job opening from a very wealthy old man who wants a chauffeur and bodyguard for his beautiful daughter. You’ll have to drive around in his 2012 Mercedes-Benz CL, and he will supply all of your clothes.”

“Because of The long hours, meals will be provided. You’ll also be expected to escort the daughter on her overseas holiday trips. This is rather awkward to say But you will also have, as part of your job, the assignment to satisfy her sexual urges as the daughter is in her mid-20’s and has a rather strong sex drive.”

The guy, just plain wide-eyed, said, “You’re bullshittin’ me!”

The social worker said, “Yeah, well… You started it.” .

 

Have a great day….

 

Get a Global take on things at www.ntmarkets.com

Get a Global take on things at http://www.ntmarkets.com

 

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