broker buys & upgrades: has the risk come out of equities?

TheBull PREMIUM

Blue
Chips
&
Stocks
To
Watch

Broker buys & upgrades: has the risk come out of equities?

By Staff Journalist | 09.10.2011

After yet another tumultuous week - beginning on Monday with the worst sell off in more than a year - investors are likely to shift their gaze from Europe's debt crisis to the health of US companies as US earnings season gets underway. Last week the Dow gained 1.74% and the S&P 500 rose by 2.12%. After plunging on Monday and falling further Tuesday, the ASX200 ended up 3.85% for the week.

Investors are keen to know if the bad news has been factored in, or whether further dramas are in store. Europe is taking steps to contain the eurozone sovereign debt crisis as Greece teeters on default. On Thursday, the European Central Bank announced measures to shore up banks in the 17-nation eurozone that have been weakened by sovereign debt problems.

Amidst the chaos, the game for Australia hasn't changed considerably. Sure, there is noise from China that growth is slowing marginally, however there are no signs of a substantial pullback that would have a material affect on the Australian mining sector. And while the outlook for US growth is weak, there are few signs that a Great Depression is on the cards.

Bearing this in mind, the broker buys for the week feature a long list of sold-off and upgraded stocks. Notable upgrades in target prices include this week's Bull of the Week Gindalbie Metals, Iluka Resources and Stockland. Other stocks upgraded to Buys include Coffey International, Bathurst Resources, CSL, Charter Hall Office REIT, BHP, Billabong and Mirvac.

>> Click here to go back to the newsletter to read other articles

Please note that TheBull.com.au simply publishes broker recommendations on this page. The publication of these recommendations does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.

Share |

Past Newsletters

Previous Newsletters

Latest Features

Two Stocks With Excellent Prospects

From the Archive

Bull trend for property-related stocks

FROM THE NEWSLETTER

Rate Cut - What does it mean for you?

We found five stocks currently out of favor in... More

4 Behavioural Biases And How To Avoid Them

Proponents of efficient market theory believe... More

Why Traders Monitor Volume

Volume is the fuel behind a market move; it is... More

Stocks on a roll: ASX rolling 52-week highs

ASX rolling 52-week highs for the previous... More

WHAT’S ON THIS WEEK

week 24 May 2013

- 20
- Austmine 2013 conference Austmine 2013 conference (day 1 of 4) | 12:08 AM
- CBA Commonwealth Bank business sales indicator for April | 12:49 AM
- LEI Leighton Holdings annual general meeting | 1:57 AM
- Actuaries Summit Actuaries Summit 2013 (day 1 of 2) | 10:59 PM
- OPT Optus Network 2013 Update | 11:00 PM
- 21
- Actuaries Summit Actuaries Summit 2013 (day 2 of 2) | 12:14 AM
- Mining for Development Conference Mining for Development Conference 2013 (day 2 of 2) | 12:44 AM
- QFX Quickflix annual general meeting | 1:06 AM
- Mining for Development Conference Mining for Development Conference 2013 (day 1 of 2) | 1:24 AM
- RBA Minutes of Reserve Bank of Australia monthly board meeting | 1:55 AM
- Melbourne Mining Club Cutting Edge Series Melbourne Mining Club Cutting Edge Series featuring Altona Mining managing director Alistair Cowden; Orion Gold NL managing director Errol Smart; and World Titanium Resources chief executive Bruce Griffin | 1:59 AM
- Austmine 2013 conference Austmine 2013 conference (day 2 of 4) | 1:59 AM
- RHL Ruralco Holdings first half results | 2:00 AM
- Australian Business Economists' lunch Treasury Secretary Dr Martin Parkinson to address Australian Business Economists' lunch on "Budgeting in Challenging Times" | 2:01 AM
- MLB Melbourne IT annual general meeting | 2:02 AM
- BLY Boart Longyear annual general meeting | 2:52 AM
- AOFM Australian Office of Financial Management (AOFM) to issue $250 million of February 2022 Treasury Indexed bonds | 11:35 PM
- 22
- MYR Myer Q3 sales results | 12:15 AM
- Westpac/Melbourne Institute Westpac/Melbourne Institute Survey of Consumer Sentiment | 12:43 AM
- ADE Adelaide Brighton annual general meeting | 1:07 AM
- Austmine 2013 conference Austmine 2013 conference (day 3 of 4) | 1:07 AM
- Power Pricing 2013 conference Power Pricing 2013 conference (day 2 of 3) | 1:07 AM
- ILU Iluka Resources annual general meeting | 1:07 AM
- ALZ Australand Holdings annual general meeting | 1:08 AM
- Power Pricing 2013 conference Power Pricing 2013 conference (day 1 of 3) | 1:32 AM
- American Chamber of Commerce in Australia lunch Federal opposition spokesman for energy and resources Ian Macfarlane to address American Chamber of Commerce in Australia lunch | 1:32 AM
- American Chamber of Commerce Opposition spokesman for health and ageing Peter Dutton to address American Chamber of Commerce in Australia lunch | 1:56 AM
- PSA Petsec Energy annual general meeting | 2:02 AM
- 23
- Morningstar Investment Conference Morningstar Investment Conference | 12:00 AM
- Economic Development of Australia lunch GrainCorp chief executive Alison Watkins to address Committee for Economic Development of Australia lunch as part of CEO Vision Series | 1:33 AM
- IRN Indophil Resources annual general meeting | 1:36 AM
- 24

Who is buying their own stock?

Who is selling their own stock?

TheBull PREMIUM article search

Markets

All Ords All Ords

Today 1 week 1 month 6 months 1 year

US stocks blaze to new record highs 18.05.2013 08:31 AM
Strong data pushes US stocks to new highs 18.05.2013 07:43 AM
European stocks rebound on bargain hunting 18.05.2013 03:49 AM
US stocks follow foreign markets higher 17.05.2013 11:56 PM
European stocks rebound 17.05.2013 10:15 PM
Tiger Australia narrows quarterly loss 17.05.2013 08:57 PM

Featured Comment

Slater & Gordon, best known as the legal crusader that takes on corporate giants, has rallied from a 52-week low of $1.64 to $2.70, amid strong earnings growth.