Analyst summary – 5 Feb 2016 This was the week for those who remained loyal to that investor favourite – the Mining sector. Anyone who dared called the bottom in late January may have shivered at a slight pullback on Mon/Tues as gains of circa 20% in certain names began to be consolidated. However, those…
Forget oil stocks. Banks are killing your portfolio CNN Money – 5 Feb http://money.cnn.com/2016/02/05/investing/bank-stocks-worse-than-oil/ Anglo American and Glencore share price: Mining stocks are surging againCityAM – 5 Feb http://www.cityam.com/233938/anglo-american-and-glencore-share-price-mining-stocks-are-surging-again Markets brace for US jobs report – business live Guardian – 5 Feb http://www.theguardian.com/business/live/2016/feb/05/markets-us-jobs-report-non-farm-business-live U.K. stocks wobble as miners…
Resurgent UK Index Miners are waving the wooden spoon this morning, giving up ground as traders who dared bottom-pick over the last 3 weeks sensibly book some handsome and very welcome 10-40% profits following a helpful combination of USD weakness, short covering, technical breakouts and brokers suggesting a bottom for some base metals. News of…
Retail investors are rushing back into UK 100 Miners, jumping on momentum from a weak USD inspired by hopes the Fed dials back on its hawkish trajectory for US rate rises. Gains may be despite little change on the commodity supply glut front, however, it would appear that an increasing faction views the sector as…
1 Feb Donald trump actually looks like pretty much any animal on the planet. Here, I’ve found one in which he looks exactly like an Amazon Horned Frog (Trump is, in fact, on the right). The polls are giving him a very real chance of getting the Republican nomination for the US presidential election, but…
Shares in telecom giant BT Group (BT.A) are topping the UK 100 this morning after investors welcomed an upbeat consensus-beating Q3 report card showing profits +14% on demand for its fiber-optic broadband services and which allowed management to reiterate FY 15/16 guidance. Growth is the strongest in several years, helped by the consumer division which…