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August, 2014 5:20 PM

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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.

 

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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.

 



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WHAT’S ON THIS WEEK

week 29 August 2014
    • 25
    • UGL UGL full year results | 5:40 AM
    • NIB nib Holdings full year result | 5:40 AM
    • PFL Patties Foods full year results | 5:41 AM
    • WSA Western Areas full year results | 5:42 AM
    • ORA Orora full year results | 5:42 AM
    • BSL BlueScope Steel full year results | 5:44 AM
    • 26
    • CEDA Woodside executive Rob Cole speaking at CEDA Lunch about improving gender equality in Western Australia | 2:18 AM
    • MMS McMillan Shakespeare Group full year results | 2:18 AM
    • AOFM AOFM to issue $200 million of November 21, 2018 indexed Treasury bonds | 2:19 AM
    • BKL Blackmores full year results | 4:58 AM
    • PDN Paladin Energy full year results | 4:59 AM
    • ANZ ANZ-Roy Morgan weekly consumer confidence survey | 5:41 AM
    • SCG Scentre Group half year results and operational update | 5:43 AM
    • BLY Boart Longyear half year results | 5:43 AM
    • PBG Pacific Brands full year results | 5:43 AM
    • VRT Virtus Health full year results | 6:46 AM
    • 27
    • ABS Australian Bureau of Statistics construction work done for the June quarter | 2:23 AM
    • SWM Seven West Media full year results | 3:18 AM
    • WFD Westfield Corporation half year update | 4:56 AM
    • SVW Seven Group full year results | 4:56 AM
    • LLS Lend Lease full year results | 5:34 AM
    • WHC Whitehaven Coal full year results | 5:35 AM
    • PRT Prime Media full year results | 6:05 AM
    • FLT Flight Centre full year results | 6:05 AM
    • BLD Boral full year results | 6:05 AM
    • WOR WorleyParsons full year results | 6:06 AM
    • CHC Charter Hall Group full year results | 6:07 AM
    • AOFM AOFM to issue $600 million of April 21, 2029 Treasury bonds | 6:10 AM
    • VED Veda Group full year results | 6:10 AM
    • 28
    • AOFM AOFM to issue $500 million of Treasury notes, maturing on January 23, 2015 | 2:17 AM
    • QAN Qantas Airways full year results | 5:35 AM
    • RHC Ramsay Health Care full year results | 5:36 AM
    • NEC Nine Entertainment full year results | 5:36 AM
    • ABC Adelaide Brighton first half results | 5:37 AM
    • BBG Billabong International full year results | 5:37 AM
    • SFR Sandfire Resources full year results | 5:38 AM
    • AGO Atlas Iron full year results | 5:38 AM
    • NBL Noni B full year results | 5:38 AM
    • Tasmanian state budget Tasmanian state budget | 5:39 AM
    • HIA Housing Industry Association new home sales for July | 5:39 AM
    • AUB Austbrokers Holdings full year results | 5:39 AM
    • ABS ABS Private New Capital Expenditure and Expected Expenditure data for the June quarter | 6:11 AM
    • 29
    • RBA RBA to release financial aggregates for July | 1:01 AM
    • AOFM AOFM to issue $600 million of October 21, 2017 Treasury bonds | 2:17 AM
    • VAH Virgin Australia Holdings full year results | 6:08 AM
    • TSE Transfield Services full year results | 6:08 AM
    • HVN Harvey Norman results | 6:08 AM
    • HZN Horizon Oil full year results | 6:09 AM
    • WDR Western Desert Resources full year results | 6:09 AM
    • WOW Woolworths second half sales and full year profit result | 6:10 AM
    • GXL Greencross full year results | 6:11 AM

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Featured Comment

I rate Royal Wolf on a few fronts. As mentioned, it has consistently grown earnings in challenging markets, unlike some companies that only grow strongly when there are favourable market conditions. Royal Wolf is clearly well managed.

Small-cap stock that performs in good and bad markets

Broker buys

  • ASX Code
  • Company
  • Broker
  • IREIressWilson HTM
  • RIORio TintoWilson HTM
  • CCPCredit CorpPhilip Capital
  • COECooper EnergyPhilip Capital
  • TLSTelstraMorgans CIMB
  • NABNAB LtdMorgans CIMB

Broker sells

  • ASX Code
  • Company
  • Broker
  • CGFChallengerWilson HTM
  • DLXDuluxWilson HTM
  • SMXSMS TechPhilip Capital
  • OKNOaktonPhilip Capital
  • SAISAI GlobalMorgans CIMB
  • EGPEchoMorgans CIMB

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.
  • IBCIronbark Capital Ltd, 2c, 100%15/12/14
  • CYACentury Aus Inv Ltd, 2c, 100%10/09/14
  • MHIMerchant House Intl Ltd, 0.5c, 0%20/08/14
  • WICWestoz Inv Co Ltd, 4.5c, 100%07/08/14
  • OZGOzgrowth Limited , 0.75c, 100%07/08/14
  • SGTSingapore Telecom Ltd, 8.6c, 0%01/08/14
  • CUPCountplus Limited, 3c, 100%28/07/14

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
  • GVFGlobal Value Fund Ltd14/07/14
  • TPN3P Learning Ltd16/07/14
  • DXBDimerix Bioscience Ltd28/07/14
  • BALBellamys Aus Ltd30/07/14
  • ECO8Common Ltd22/08/14

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