The Bull

Friday 28

November, 2014 1:50 PM

Industry Chart

TheBull PREMIUM

  • Blue
  • Chips
  • &
  • Stocks
  • To
  • Watch

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

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.

 



FROM THE NEWSLETTER

Rise of corporate divorces leads to fleeting gains

For the global mergers and acquisitions market,... More

How do you give financial help to your adult children?

Most, who can, want to give financial help to... More

Eight Pitfalls in Evaluating Green Energy Solutions

Oil that was cheap to extract (say $20 barrel)... 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 28 November 2014
    • 24
    • BHP BHP Billiton briefing on its coal and copper businesses | 8:49 AM
    • Deloitte/Financial Services Council lunch David Murray, chair of the Financial System Inquiry, speaking at a Deloitte/Financial Services Council lunch | 8:50 AM
    • 25
    • AllianceBernstein economist Guy Bruten Briefing on Australian economy in 2015 by AllianceBernstein economist Guy Bruten | 4:23 AM
    • AOFM Australian Office of Financial Management (AOFM) to issue $200 million of February 21, 2022 Treasury Indexed Bonds | 4:25 AM
    • Australian British Chamber of Commerce lunch Helen Conway, director of Workplace Gender Equality Agency, speaking at Australian British Chamber of Commerce lunch | 5:42 AM
    • CEDA CEDA workplace flexibility event featuring PwC managing partner Gavin Moss | 6:46 AM
    • RBA Speech by Reserve Bank of Australia deputy governor Philip Lowe to the annual Australian Business Economists conference dinner | 8:48 AM
    • HVN Harvey Norman annual general meeting | 8:48 AM
    • MPL Medibank Private shares to begin trading on ASX | 8:48 AM
    • ALL Aristocrat Leisure full year results | 8:49 AM
    • ANZ ANZ-Roy Morgan weekly consumer confidence survey | 8:49 AM
    • BKN Brickworks annual general meeting | 8:50 AM
    • MSB Mesoblast annual general meeting | 8:51 AM
    • RFG Retail Food Group annual general meeting | 8:51 AM
    • 26
    • AOFM AOFM to issue $700 million of April 21, 2024 Treasury Bonds | 2:19 AM
    • ABS Australian Bureau of Statistics construction work done for September quarter | 4:25 AM
    • HIA Housing Industry Association/Commonwealth Bank affordability report for the September quarter | 4:27 AM
    • CAB Cabcharge annual general meeting | 5:22 AM
    • WEB Webjet annual general meeting | 5:22 AM
    • SUN Suncorp chief executive Patrick Snowball speaking at Australian British Chamber of Commerce lunch | 5:22 AM
    • AVG Australian Vintage annual general meeting | 6:08 AM
    • REX Regional Express annual general meeting | 6:09 AM
    • 27
    • AOFM AOFM to issue $500 million of Treasury Notes maturing on Febrary 27,2015 | 4:05 AM
    • ABS ABS private new capital expenditure and expected expenditure for the September quarter | 4:24 AM
    • HIA HIA new home sales for October | 4:27 AM
    • WOW Woolworths annual general meeting | 4:28 AM
    • CBA Commonwealth Bank business sales indicator for October | 4:28 AM
    • BOQ Bank of Queensland annual general meeting | 5:20 AM
    • SEK SEEK annual general meeting | 5:21 AM
    • MYX Mayne Pharma Group annual general meeting | 5:23 AM
    • BPT Beach Energy annual general meeting | 5:23 AM
    • FeTech magnetite and iron ore conference FeTech magnetite and iron ore conference | 5:41 AM
    • 28
    • RBA RBA to release financial aggregates for October | 4:26 AM
    • LYC Lynas Corp annual general meeting | 4:27 AM
    • MEL Metgasco annual general meeting | 4:28 AM
    • PRY Primary Health Care annual general meeting | 4:28 AM
    • RRL Regis Resources annual general meeting | 4:29 AM
    • AHF Australian Dairy Farms annual general meeting | 6:07 AM
    • AOFM AOFM to issue $500 million of October 21, 2019 Treasury Bonds | 6:09 AM
    • FeTech magnetite and iron ore conference FeTech magnetite and iron ore conference | 6:09 AM

TheBull.com.au

TheBull.com.au

TheBull PREMIUM article search

STOCK QUOTE

Don't know the company code? Click here



Featured Comment

Low wages growth, rising unemployment and shaky consumer confidence suggest property-price growth, already slowing, will decline in 2015. Lower house prices would weigh on dwelling investment and consumption.

Cheap property stock to watch

Broker buys

  • ASX Code
  • Company
  • Broker
  • TPMTPG TelecomCalibre
  • VEDVeda GroupCalibre
  • LLCLend LeaseAlpha Securities
  • MQGMacquarieAlpha Securities
  • OSHOil SearchPhillipCapital
  • CWNCrown ResortsPhillipCapital

Broker sells

  • ASX Code
  • Company
  • Broker
  • MINMineral ResourcesCalibre
  • AGOAtlas IronCalibre
  • MYRMyerAlpha Securities
  • CCLCoca-Cola AmatilAlpha Securities
  • QANQantasPhillipCapital
  • MINMineral ResourcesPhillipCapital

Central Banks Rates

  • RBA2.50%
  • FED0.25%
  • BOE0.50%
  • BOC1.00%
  • RBNZ3.25%
  • ECB0.15%
  • SNB0.00%
  • BOJ0.10%

Upcoming dividends

  • ASX Code
  • Company, Div., Franking
  • Ex-Div.

Eight brokers like these stocks

  • ASX Code
  • Company Name
  • Consensus Target
  • DOWDowner EDI Limited$5.78
  • FMGFortescue Metals Grp Ltd$6.89
  • ORAOrora Limited$1.51
  • RIORio Tinto Limited$81.22
  • CSLCSL Limited$73.30

Upcoming Floats

  • ASX Code
  • Company Name
  • Float Date

PLEASE SUPPORT OUR SPONSORS, AUSTRALIA'S LEADING BROKERS:



© Copyright The Compare Group Pty Ltd. All rights reserved.