Lembaga pemeringkat internasional, Moody's Rating menyambut baik penunjukan Agus Martowardojo sebagai menteri keuangan, menggantikan Sri Mulyani Indrawati. Kehadiran Agus diharapkan bisa mendongkrak peringkat Indonesia.
Bursa Efek Indonesia (BEI) mengumumkan daftar saham yang dapat ditransaksikan secara marjin dan short sell untuk periode Juni 2010. Saham PT Barito Pacific Tbk (BRPT) hengkang, sedangkan saham PT PP London Sumatera Plantations Tbk (LSIP) masuk dalam daftar tersebut.
Tarif Pipa & Dividen Siap Picu PGAS
Saham PGAS masih berprospek positif. Rencana penyesuaian tarif pipa Grissik-Singapura, proyek LNG receiving terminal di Jabar serta dividen menjadi katalisnya
BEI Optimis 25 Emiten Masuk Bursa Tahun Ini
Bursa Efek Indonesia (BEI) optimis 25 emiten akan tercatat di BEI pada semester II 2010. Saat ini 10 calon emiten sedang diproses di Bapepam-LK.
Bursa Awal Pekan Dibuka 'The Lord Mayor'
Pada pembukaan perdagangan saham Senin (31/5) akan dibuka oleh Lord Mayor of the City of London Alderman Nick Anstee bersama jajaran direksi Bursa Efek Indonesia (BEI).
Jakarta - Indeks Harga Saham Gabungan (IHSG) mengawali perdagangan awal pekan ini menguat tajam sebesar 80 poin atau lebih dari 2,8% di 2.793, seiring dengan nilai tukar rupiah yang menguat ke 9.160/US$. Penguatan IHSG berlawanan dengan tren bursa-bursa Asia yang didominasi koreksi.
Kabar di pasar berhembus ada sejumlah bandar yang akan menggerek saham PT Tiga Pilar Sejahtera Food Tbk (AISA) menuju Rp700. Sejumlah aksi korporasi perseroan seperti akuisisi kebun kelapa sawit dan rencana pembangunan pembangkit listrik akan menjadi sentimen positif untuk perseroan. Selain itu, perseroan disebut-sebut berniat mengakuisisi perkebunan dan ekspansi bisnis pada 2010.
Konsorsium broker dikabarkan akan menarik saham PT Jababeka Tbk (KIJA) diatas level Rp125-150 untuk jangka pendek. Hal ini terkait rencana ekspansi perseroan ke sektor pariwisata dan membuka akses kawasan tol Jakarta-Cikampek serta mengembangkan bisnis listrik. Selain itu, penjualan saham private placement dari investor asing yang turut meopang pergerakan sahamnya.
Kinerja emiten sawit, tahun ini diperkirakan semakin kinclong. Makanya tiga saham jagoan di sektor ini, yakni AALI, LSIP dan UNSP mendapat rekomendasi beli
TRUB: Raih KOntrak Baru Rp312 Miliar
PT Truba Alam Manunggal Engineering Tbk (TRUB) berhasil meraih kontrak baru sekitar Rp312,01 miliar. Kontrak tersebut didapatkan dari PT Perusahaan Listrik Negara dan PT Robert Schaefer Soros Indonesia.
TRUB: Raih KOntrak Baru Rp312 Miliar
LPCK: Laba Tumbuh 81%
PROD: Unilever Laporkan Rencana Akuisisi Sara Lee ke KPPU
MEDC: Jajaki Akusisi Elnusa Elektrika
ELTY: Bakrieland Luncurkan Kondotel Mewah di Bali Juni 2010
BTEL: Esia Distribusikan 10,6 Juta Telepon Genggam
ANTM: Antam Cari Pinjaman Biayai Belanja Modal 2010
ADRO: Adaro-BHP Billiton Finalisasi Proyek Maruwai
ASII: Jadwal Pembagian Dividen
BLTA: Harga Rights Issue BLTA Diskon 47%
IPO: Berau Energy Bidik Dana US$1 Miliar
PT Adaro Energy Tbk (ADRO) akhirnya memperoleh izin mengakuisisi 25% saham di 7 proyek Indonesia Coal Project (ICP) atau yang lebih dikenal dengan nama tambang Maruwai. Nilai akuisisi ini mencapai US$ 335 juta.
PT Tifico Fiber Indonesia Tbk (TFCO) berencana menjaminkan aset senilai Rp 1,691 triliun guna mendapatkan fasilitas pinjaman dari PT Bank Central Asia Tbk (BBCA) senilai US$ 80 juta. Dananya akan digunakan untuk melunasi utang perseroan kepada PT Bank Mizuho Indonesia.
Bersiap Merger, Indofarma Rombak Komisaris dan Direktur
Staf Ahli Bidang Pembiayaan dan Pemberdayaan Masyarakat Menteri Kesehatan Chalik Masulili menggantikan posisi M. Dwijo Susono sebagai komisaris
PT Indosar Tbk (ISAT) menunda pemyampaikan Memorandum Informasi Investor TW1 2010, yang dijadwalkan pada 31 Mei 2010.
PT Petrosea Tbk (PTRO) akan membagikan dividen final untuk tutup buku 2009 sekitar Rp143,03 per lembar setara dengan 100,850 juta saham pada Juli 2010.
PT Trikomsel Tbk (TRIO) kembali mendapatkan kepercayaan dari Standard Chartered Bank dan Bank of Tokyo Mitsubhishi UFJ melalui fasilitas perbankan mencapai US$30 juta.
PT International Nickel Indonesia Tbk (INCO) akan menggandeng PT Aneka Tambang Tbk (ANTM) untuk membentuk perusahaan joint venture.
PT Medco Energi Tbk (MEDC) akan menerbitkan convertible bond atau obligasi konversi sekitar US$150-200 juta.
Sumber: Inilah.com, detikfinance.com, kontan
Monday, May 31, 2010
Ini Dia 10 Orang Terkaya Indonesia 2010
VIVAnews - Majalah Globe Asia kembali menobatkan taipan Budi Hartono menjadi orang terkaya di Indonesia. Pemilik raksasa rokok Djarum dan Bank BCA ini memiliki kekayaan US$ 4,8 miliar atau sekitar Rp 44 triliun. Total kekayaan 150 jutawan dalam daftar GlobeAsia pada tahun 2010 mencapai US$ 61,5 miliar atau Rp 570 triliun. Ini berarti meningkat 22 persen dibandingkan tahun 2009. Kenaikan nilai kekayaan itu terutama karena berbagai faktor, seperti penguatan nilai tukar rupiah, kenaikan indeks saham hingga 60 persen, dan kuatnya harga komoditas.
Berikut daftar 10 orang terkaya di Indonesia versi Globe Asia:
1 Budi Hartono US$ 4,8 miliar
2 Eka Tjipta Wijaya US$ 4 miliar
3 Anthony Salim US$ 3,6 miliar
4 Aburizal Bakrie US$ 3 miliar
5 Martua Sitorus US$ 2,5 miliar
6 Putra Sampoerna US$ 2,4 miliar
7 Sukanto Tanato US$ 1,8 miliar
8 Dato Low Tuck Kwong US$ 1,4 miliar
9 Peter Sondakh US$ 1,3 miliar
10 Eddy William Katuari US$ 1,3 miliar
Simak Pula: Tujuh Wakil Terkaya Indonesia Versi Forbes
http://bisnis.vivanews.com/news/read/135650-tujuh_wakil_indonesia_di_pentas_terkaya_dunia
Berikut daftar 10 orang terkaya di Indonesia versi Globe Asia:
1 Budi Hartono US$ 4,8 miliar
2 Eka Tjipta Wijaya US$ 4 miliar
3 Anthony Salim US$ 3,6 miliar
4 Aburizal Bakrie US$ 3 miliar
5 Martua Sitorus US$ 2,5 miliar
6 Putra Sampoerna US$ 2,4 miliar
7 Sukanto Tanato US$ 1,8 miliar
8 Dato Low Tuck Kwong US$ 1,4 miliar
9 Peter Sondakh US$ 1,3 miliar
10 Eddy William Katuari US$ 1,3 miliar
Simak Pula: Tujuh Wakil Terkaya Indonesia Versi Forbes
http://bisnis.vivanews.com/news/read/135650-tujuh_wakil_indonesia_di_pentas_terkaya_dunia
CS Indo: JCI soared 7% on MSCI rebalancing & Bakrie’s
MARKET: What is next after MSCI Indonesia weighting increase by 7% & Bakrie’s?
iSay: Arief Wana currently maintains JCI Index Target 3,300pts end-2010F (implying a 16.5x 2010F PER) with Top-5 stock picks BBRI, BMRI, SMGR, UNTR & TLKM. However Sakthi Siva has recommended 2 entry levels assuming no global double dip (15% correction ie MXASJ 430) and assuming global double dip (25% correction ie MXASJ 400). Applying the same assumptions, JCI entry level is 2,550pts (assuming no global double dip- 15% correction from all-time high circa 3,000pts) and 2,250pts (assuming global double dip- 25% correction from all-time high circa 3,000pts). I personally see JCI is side-lined as lacking catalyst until at least 2Q results out at end-July or confirmation of Economics reform will continue (watch new BI Governor appointment and Cabinet Reshuffle by October).
For now, I am recommending Taking Profit GGRM (yesterday tested all time high Rp38,150, @ Rp36,000- 18x 2010 consensus PER), BBCA (@Rp5,250- 15.9x 2010F PER), ASII (@Rp40,050- 12.8x pending new auto tax announcement), ISAT (@Rp5,050- 18x), INTP (@Rp15,600- 18.4x), PTBA (@Rp16,900- 18.3x), SMCB (@Rp2,025- 17.2x), ADRO (@Rp1,890- 17.3x).
Based on consensus estimates, BUMI (@Rp2,050- 11.6x 2010 PER) remains the cheapest in the sector, compared to ADRO (@Rp1,890- 15.2x), PTBA (@Rp16,900- 14.7x), ITMG (@Rp33,250- 12.6x), INDY (@Rp2,550- 12.4x), BYAN (@Rp5,950- 21.1x) & SAR SP (@SGD1.76- 12.9x).
· As of Close of yesterday May 26th, MSCI rebalancing (Isreal out from Emerging Markets to Developed Markets) had effectively increased MSCI Indonesia weighting in MSCI Emerging Markets World by 7% from 2.01% to 2.15%. The Jakarta Composite Index yesterday had increased by 7.3% on USD700m volume, compared to YTD average USD400m, partly due to MSCI Inflows and Positive sentiment to Bakrie stocks after their largest stock BUMI announced a Non Pre Emptive rights issue (10% new shares at circa Rp2,327/share, subject to EGM on June 24th).
· Yesterday rebalancing for MSCI Indonesia Index overall Positive to each stocks, except LPKR:
Stock Index Action Value US$m Est Shares Est # of days
GGRM IJ Add +55m 17.6m 22.6
SMGR IJ FIF Inc +40.5m 46.1m 4.6
INCO IJ FIF Inc + 7.8m 16.2m 0.7
ADRO IJ FIF Inc +12.0m 53.2m 0.6
BBRI IJ Sh Inc +2.8m 3.0m 0.1
BMRI IJ Sh Inc +2.27m 4.0m 0.1
ASII IJ * +5.14m 1.1m 0.2
TLKM IJ * +4.6m 5.4m 0.2
BBCA IJ * +3.8m 6.7m 0.4
BUMI IJ * +2.5m 9.5m 0.1
PGAS IJ * +2.5m 5.9m 0.2
UNTR IJ * +1.7m 0.8m 0.1
UNVR IJ * +1.3m 0.8m 0.6
INDF IJ * +0.9m 2.4m 0.1
PTBA IJ * +0.9m 0.4m 0.1
BBNI IJ * +0.5m 2.1m 0.1
AALI IJ * +0.5m 0.2m 0.1
ISAT IJ * +0.4m 0.7m 0.4
ANTM IJ * +0.4m 1.8m 0.0
LPKR IJ Delete -18.5m -311.4m 2.8
(* Funding trail impact)
Best Regards,
Dharwin Yuwono, CFA
Director- Indonesia Equity Sales
PT Credit Suisse Securities Indonesia
Sampoerna Strategic Square, South Tower, 23rd Floor,
Jl. Jend Sudirman Kav.45/46, Jakarta 12930, Indonesia
Dealing: +6221 2553 7920
iSay: Arief Wana currently maintains JCI Index Target 3,300pts end-2010F (implying a 16.5x 2010F PER) with Top-5 stock picks BBRI, BMRI, SMGR, UNTR & TLKM. However Sakthi Siva has recommended 2 entry levels assuming no global double dip (15% correction ie MXASJ
For now, I am recommending Taking Profit GGRM (yesterday tested all time high Rp38,150, @ Rp36,000- 18x 2010 consensus PER), BBCA (@Rp5,250- 15.9x 2010F PER), ASII (@Rp40,050- 12.8x pending new auto tax announcement), ISAT (@Rp5,050- 18x), INTP (@Rp15,600- 18.4x), PTBA (@Rp16,900- 18.3x), SMCB (@Rp2,025- 17.2x), ADRO (@Rp1,890- 17.3x).
Based on consensus estimates, BUMI (@Rp2,050- 11.6x 2010 PER) remains the cheapest in the sector, compared to ADRO (@Rp1,890- 15.2x), PTBA (@Rp16,900- 14.7x), ITMG (@Rp33,250- 12.6x), INDY (@Rp2,550- 12.4x), BYAN (@Rp5,950- 21.1x) & SAR SP (@SGD1.76- 12.9x).
· As of Close of yesterday May 26th, MSCI rebalancing (Isreal out from Emerging Markets to Developed Markets) had effectively increased MSCI Indonesia weighting in MSCI Emerging Markets World by 7% from 2.01% to 2.15%. The Jakarta Composite Index yesterday had increased by 7.3% on USD700m volume, compared to YTD average USD400m, partly due to MSCI Inflows and Positive sentiment to Bakrie stocks after their largest stock BUMI announced a Non Pre Emptive rights issue (10% new shares at circa Rp2,327/share, subject to EGM on June 24th).
· Yesterday rebalancing for MSCI Indonesia Index overall Positive to each stocks, except LPKR:
Stock Index Action Value US$m Est Shares Est # of days
GGRM IJ Add +55m 17.6m 22.6
SMGR IJ FIF Inc +40.5m 46.1m 4.6
INCO IJ FIF Inc + 7.8m 16.2m 0.7
ADRO IJ FIF Inc +12.0m 53.2m 0.6
BBRI IJ Sh Inc +2.8m 3.0m 0.1
BMRI IJ Sh Inc +2.27m 4.0m 0.1
ASII IJ * +5.14m 1.1m 0.2
TLKM IJ * +4.6m 5.4m 0.2
BBCA IJ * +3.8m 6.7m 0.4
BUMI IJ * +2.5m 9.5m 0.1
PGAS IJ * +2.5m 5.9m 0.2
UNTR IJ * +1.7m 0.8m 0.1
UNVR IJ * +1.3m 0.8m 0.6
INDF IJ * +0.9m 2.4m 0.1
PTBA IJ * +0.9m 0.4m 0.1
BBNI IJ * +0.5m 2.1m 0.1
AALI IJ * +0.5m 0.2m 0.1
ISAT IJ * +0.4m 0.7m 0.4
ANTM IJ * +0.4m 1.8m 0.0
LPKR IJ Delete -18.5m -311.4m 2.8
(* Funding trail impact)
Best Regards,
Dharwin Yuwono, CFA
Director- Indonesia Equity Sales
PT Credit Suisse Securities Indonesia
Sampoerna Strategic Square, South Tower, 23rd Floor,
Jl. Jend Sudirman Kav.45/46, Jakarta 12930, Indonesia
Dealing: +6221 2553 7920
Rekomendasi & Strategi Saham 31-05
Indeks perlu ditutup diatas 2.729 resist untuk melanjutkan mini rally dalam trend yang bearish, karena tingginya volatilty di saat kenaikan, DMI menunjukkan buying power stabil (selling power merosot), MACD masih bearish, meski stochastic crossing up dan candle hanging man seharusnya berpotensi meredam tekanan beli dan kondisi teknikal yang menunjukkan kemungkinan wave koreksi c/4 dalam C telah berakhir, jika tembus 2.618 memberikan signal wave koreksi 5/c berjalan. Isu downgrade rating Spanyol oleh Fitch IBCA diikuti penurunan rating kredit negara di Eropa (the next target is Irlandia & UK), krisis politik di Korea,diikuti kinerja indeks saham regional yang terkoreksi (DJIA berada dalam wave koreksi c/4 dalam B, GDP Q1 AS tercatat dibawah prediksi pasar) dan spekulasi data inflasi RI bulan Mei dirilis besok masih terkendali dan rendah dan sejumlah isu positif dari pembagian dividen dan fundamental yang solid, dapat membatasi laju penurunan IHSG hari ini.
Buy on weakness (Sesi 1) : GGRM, BUMI, ENRG, ELTY, BTEL, PGAS, INDF, MEDC, TLKM, KLBF, JSMR, LSIP, ADRO, UNTR, ASII, DOID, BHIT, BBRI, BBCA, BMRI, BBTN
Hold Sell 2.725 (27/05) target 2.630 stop 30p & Sell 2.785 target 2.660 stop 2.815. Buy 2.635 target 2.725 stop below 2.618. Sell breakout 2.618 target 2.510 stop 30p.
Closed Buy back 2.660 target 2.780 (-20p) .
Track Record IHSG: 35 Recommendations (26 profits: 2 break even: 5 loss) = (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p-20p+13p+40p+45p+40p+29p-30p-154p-75p+80p+26p+0p+28p+80p+62p+53p+20p+0p+70p+99p+135p-20p). Total : Net +1086 points = Average 31.0 point.
Buy on weakness (Sesi 1) : GGRM, BUMI, ENRG, ELTY, BTEL, PGAS, INDF, MEDC, TLKM, KLBF, JSMR, LSIP, ADRO, UNTR, ASII, DOID, BHIT, BBRI, BBCA, BMRI, BBTN
Hold Sell 2.725 (27/05) target 2.630 stop 30p & Sell 2.785 target 2.660 stop 2.815. Buy 2.635 target 2.725 stop below 2.618. Sell breakout 2.618 target 2.510 stop 30p.
Closed Buy back 2.660 target 2.780 (-20p) .
Track Record IHSG: 35 Recommendations (26 profits: 2 break even: 5 loss) = (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p-20p+13p+40p+45p+40p+29p-30p-154p-75p+80p+26p+0p+28p+80p+62p+53p+20p+0p+70p+99p+135p-20p). Total : Net +1086 points = Average 31.0 point.
Sunday, May 30, 2010
Update Daily Investment News
Emerging-Market Equities Advance, Paring 9.9% Slump This Month
(Bloomberg) -- Emerging-market stocks advanced, trimming the benchmark index’s worst monthly loss since October 2008, on speculation corporate earnings in developing nations will weather Europe’s sovereign-debt crisis. http://www.bloomberg.com/apps/news?pid=20601087&sid=ads6B2K2ZWrI&pos=5
China’s Stocks Approach End of Correction: Technical Analysis
(Bloomberg) -- A “correction” in Chinese stocks that has made them Asia’s worst performers this year may be nearing its end given the duration and degree of the slump, according to Elliott Wave International Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDgjso.ro8Xc
Trichet Says Emerging Nations Are Source of Economic Strength
(Bloomberg) -- European Central Bank President Jean- Claude Trichet said emerging nations have weathered the global recession better than advanced countries.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afQdpJsp1p5E
Asianomics's Walker Says Euro May Fall to 85 U.S. Cents: Video
(Bloomberg) -- Jim Walker, managing director at Asianomics Ltd., talks with Bloomberg's Susan Li in Hong Kong about Europe's debt crisis and his forecast for the euro.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8lnSmaY1kJc
Payrolls May Have Climbed for Fifth Month: U.S. Economy Preview
(Bloomberg) -- Employment grew in May for a fifth consecutive month, pointing to gains in wages that will help U.S. households ride out the turmoil in financial markets, economists said before reports this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alcsozhiDqFc&pos=7
Week Ahead: Focus on US Economy as Europe Keeps Markets on Edge
Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. European headlines will continue to sway nervous markets in the coming week. But the heavy schedule of U.S. economic news crunched into the four-day post Memorial Day week should paint a good picture of the state of the economic recovery and the financial mood of U.S. consumers.
http://www.cnbc.com/id/37406581
Market Outlooks: Volatility, 1,000 Point Dow Drop in Next Month
Stocks jumped at the open and kept climbing on Thursday, following the previous session's late-day selloff. Can the markets hold the gains until the close? Christopher Hobart, CEO and founder of Hobart Financial Group, and Tyler Vernon, chief investment officer at Biltmore Capital, offered their insights.
http://www.cnbc.com/id/37376427
Investors Prepare for Cruel Summer
May was a great month if you're a bear. By its close the Dow's monthly loss totaled 8%; that's the worst May drop since 1940.
http://www.cnbc.com/id/37399226
Beware 'Death Cross,' Sell into Rally: Strategist
The very bearish Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets says after heavy losses stocks could be set for gains over the coming days.
http://www.cnbc.com/id/37373234
10 Stock Picks From 10 Great Investors
We talked to money managers with gold-standard track records and asked them each for their single best stock pick.
http://finance.yahoo.com/retirement/article/109687/stock-picks-from-25-great-investors;_ylt=AkG9MKuLSP_WBHaJLb8My7NO7sMF;_ylu=X3oDMTE5aG1ob2U2BHBvcwMyBHNlYwN3ZWVrZW5kRWRpdGlvbgRzbGsDc3RvY2twaWNrc2Zy?mod=retire-planning
Bull Market to Continue For 'Another Couple of Years'
This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.
http://www.cnbc.com/id/37397264
Halftime: S&P Reaction To Spain Downgrade Market 'Tell'
As bulls and bears clash over domination of this market, investors may finally get a read on who's really winning.
This trader 'tell' comes in the form of market reaction to a downgrade.
http://www.cnbc.com/id/37399259
Bearish Sentiment on U.S. Stocks Tops 50%: Technical Analysis
(Bloomberg) -- Expectations that U.S. stocks will fall have reached a six-month high, according to the American Association of Individual Investors’ weekly survey, a signal that the market may rebound.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8LRaFIBAOLA
Prep Your Portfolio For Next Week: Strategists
The Dow is on track for the worst May since 1962. Which stocks should you be buying and selling into next week? Wayne Kaufman, chief market analyst at John Thomas Financial, and Joe Gordon, founder and managing partner at Gordon Asset Management, shared their best plays.
http://www.cnbc.com/id/37399047
Double-Dip or Recovery? What the Pros Say
Friday markets ended with a precipitous selloff that made for the worst May since 1962 and worst month in general since November 2008.
http://www.cnbc.com/id/37405116
Stock Market's Foe: 'Headline Risk'
Today is an excellent example of the headline risk that bedevils the stock market, and will likely continue to do so.
http://www.cnbc.com/id/37403410
Euro Shorts ‘Risk-Reward’ Now Unfavorable: Technical Analysis
(Bloomberg) -- Investors should end bets that the euro will weaken against the dollar because trading patterns suggest there is more room for the 16-nation currency to rise.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAk0SYlxx2Pk
Euro to Rally After Dropping Toward 108 Yen: Technical Analysis
(Bloomberg) -- The euro may reverse course after it falls toward 108 yen, the lowest level since November 2001, Bank of Tokyo-Mitsubishi UJF Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZnAK5g9xDJs
Asia Ex-Japan Stocks May Fall 17% to August: Technical Analysis
(Bloomberg) -- The MSCI Asia Ex Japan Index, which rose to the highest in two weeks yesterday, will lose momentum and may drop a further 17 percent, according to technical analysis by BGC Partners.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atyAVkFXElyE
‘Best’ Chart Tracks Curve Before Fed Boosts: Technical Analysis
(Bloomberg) -- The yield advantage of five-year Treasury notes over two-year debt will increase to as much as 161 basis points before narrowing if history is any guide, according to Citigroup Inc., citing technical indicators.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEChMxL6ipgg
Silver May Outperform Gold, Cutting Ratio: Technical Analysis
(Bloomberg) -- The ratio of silver prices to gold may drop by as much as a third within three years because of improving industrial demand, according to broker GoldCore Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTTQrg8YlH64
Platinum’s Plunge From 21-Month High Over: Technical Analysis
(Bloomberg) -- Platinum’s 11 percent plunge from a 21-month high in April is probably over and prices will now either stabilize or advance, according to technical analysis by independent analyst Jim Stellakis.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCwZR5WXXCxY
Citigroup's Heap Says Gold May Reach $1,500 by Year End: Video
(Bloomberg) -- Alan Heap, a commodity analyst at Citigroup Inc., talks with Bloomberg's Susan Li about his forecast for gold prices.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_ca0R6NUuXw
Citigroup Sees Buying Opportunities Soon for ‘Risky’ Currencies
(Bloomberg) -- Higher-yielding currencies may start to offer buying opportunities as foreign-exchange markets avoid a bigger slide than that in the wake of Lehman Brothers Holdings Inc.’s 2008 collapse, according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aygdO4VaMnIY
Eric Sprott Says S&P 500 Index Slump Just Starting (Update4)
(Bloomberg) -- The monthlong slump that erased 12 percent from the Standard & Poor’s 500 Index is the beginning of a collapse that will drive the measure below its weakest level of 2009 in the next year, money manager Eric Sprott said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a40ZoU9jlWMM
Top 50 Business Books, ‘Animal Spirits’ to ‘What the Dog Saw’
(Bloomberg) -- With so many business books spilling from the shelves, we’re often asked for a comprehensive list of recommendations. Here are 50 of our favorite titles published since Jan. 1, 2009.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPJsasCVoVEk
Asian Currencies Have Biggest Weekly Gain in Almost Two Months
(Bloomberg) -- Asian currencies had their biggest weekly gain in almost two months as reports showed regional economies are improving and concern faded that Europe’s debt crisis will worsen.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agcSVK4worr4
Did Miserable May Light the Way For a Sunny Summer?
Investors can be forgiven for a little deja vu: In the month of the Flash Crash, wild swings in volatility and incessant talk about risks to the entire financial system, May seemed like a trip back to the bad old days.
http://finance.yahoo.com/news/Did-Miserable-May-Light-the-cnbc-1051181626.html;_ylt=AoILPEB8yzsIxtJgfmcxGqVO7sMF;_ylu=X3oDMTFhZGVrZGdvBHBvcwMyBHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2RpZG1pc2VyYWJsZQ--?x=0
Weekly Fundamental Outlook for Energies and Metals - Gasoline Demand to Rise as Driving Season Arrives Written by Oil N' Gold
Global financial market weakened early last week as Bank of Spain's takeover of a savings bank called Cajasur and potential merge of 4 other banks unveiled problems in the country's banking system. Moreover, escalated tensions on the Korean Peninsula further weighed on market sentiment. US dollar, Japanese yen and gold surged while stocks, euro and energies slumped.
http://oilngold.com/ong-focus/insights/weekly-fundamental-outlook-for-energies-and-metals-gasoline-demand-to-rise-as-driving-season-arrives-2010052912904/
ONG Focus - Technical Written by Oil N' Gold
Crude Oil Weekly Technical Outlook
Crude oil's rebound extended further to as high as 75.72 last week. Though, there is no change in the view that such rebound is a correction in the larger decline. While some more rise might be seen, upside should be limited by 61.8% retracement of 87.15 to 64.23 at 78.39 and bring fall resumption. Below 71.23 minor support will indicate that rebound from 64.23 is finished and will flip intraday bias back to the downside for retesting this low first.
ONG Focus - Technical Written by Oil N' Gold
Gold Weekly Technical Outlook
Gold's recovery from extended further to as high as 1218.5 last week before turning sideway. Further rise remains in favor as long as 1197.3 minor support holds and gold would possibly target a retest on 1249.7 high. On the downside, however, below 1197.3 will indicate that recovery has completed and will flip intraday bias back to the downside for 1166 support and below.
(Bloomberg) -- Emerging-market stocks advanced, trimming the benchmark index’s worst monthly loss since October 2008, on speculation corporate earnings in developing nations will weather Europe’s sovereign-debt crisis. http://www.bloomberg.com/apps/news?pid=20601087&sid=ads6B2K2ZWrI&pos=5
China’s Stocks Approach End of Correction: Technical Analysis
(Bloomberg) -- A “correction” in Chinese stocks that has made them Asia’s worst performers this year may be nearing its end given the duration and degree of the slump, according to Elliott Wave International Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDgjso.ro8Xc
Trichet Says Emerging Nations Are Source of Economic Strength
(Bloomberg) -- European Central Bank President Jean- Claude Trichet said emerging nations have weathered the global recession better than advanced countries.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afQdpJsp1p5E
Asianomics's Walker Says Euro May Fall to 85 U.S. Cents: Video
(Bloomberg) -- Jim Walker, managing director at Asianomics Ltd., talks with Bloomberg's Susan Li in Hong Kong about Europe's debt crisis and his forecast for the euro.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8lnSmaY1kJc
Payrolls May Have Climbed for Fifth Month: U.S. Economy Preview
(Bloomberg) -- Employment grew in May for a fifth consecutive month, pointing to gains in wages that will help U.S. households ride out the turmoil in financial markets, economists said before reports this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alcsozhiDqFc&pos=7
Week Ahead: Focus on US Economy as Europe Keeps Markets on Edge
Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. European headlines will continue to sway nervous markets in the coming week. But the heavy schedule of U.S. economic news crunched into the four-day post Memorial Day week should paint a good picture of the state of the economic recovery and the financial mood of U.S. consumers.
http://www.cnbc.com/id/37406581
Market Outlooks: Volatility, 1,000 Point Dow Drop in Next Month
Stocks jumped at the open and kept climbing on Thursday, following the previous session's late-day selloff. Can the markets hold the gains until the close? Christopher Hobart, CEO and founder of Hobart Financial Group, and Tyler Vernon, chief investment officer at Biltmore Capital, offered their insights.
http://www.cnbc.com/id/37376427
Investors Prepare for Cruel Summer
May was a great month if you're a bear. By its close the Dow's monthly loss totaled 8%; that's the worst May drop since 1940.
http://www.cnbc.com/id/37399226
Beware 'Death Cross,' Sell into Rally: Strategist
The very bearish Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets says after heavy losses stocks could be set for gains over the coming days.
http://www.cnbc.com/id/37373234
10 Stock Picks From 10 Great Investors
We talked to money managers with gold-standard track records and asked them each for their single best stock pick.
http://finance.yahoo.com/retirement/article/109687/stock-picks-from-25-great-investors;_ylt=AkG9MKuLSP_WBHaJLb8My7NO7sMF;_ylu=X3oDMTE5aG1ob2U2BHBvcwMyBHNlYwN3ZWVrZW5kRWRpdGlvbgRzbGsDc3RvY2twaWNrc2Zy?mod=retire-planning
Bull Market to Continue For 'Another Couple of Years'
This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.
http://www.cnbc.com/id/37397264
Halftime: S&P Reaction To Spain Downgrade Market 'Tell'
As bulls and bears clash over domination of this market, investors may finally get a read on who's really winning.
This trader 'tell' comes in the form of market reaction to a downgrade.
http://www.cnbc.com/id/37399259
Bearish Sentiment on U.S. Stocks Tops 50%: Technical Analysis
(Bloomberg) -- Expectations that U.S. stocks will fall have reached a six-month high, according to the American Association of Individual Investors’ weekly survey, a signal that the market may rebound.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8LRaFIBAOLA
Prep Your Portfolio For Next Week: Strategists
The Dow is on track for the worst May since 1962. Which stocks should you be buying and selling into next week? Wayne Kaufman, chief market analyst at John Thomas Financial, and Joe Gordon, founder and managing partner at Gordon Asset Management, shared their best plays.
http://www.cnbc.com/id/37399047
Double-Dip or Recovery? What the Pros Say
Friday markets ended with a precipitous selloff that made for the worst May since 1962 and worst month in general since November 2008.
http://www.cnbc.com/id/37405116
Stock Market's Foe: 'Headline Risk'
Today is an excellent example of the headline risk that bedevils the stock market, and will likely continue to do so.
http://www.cnbc.com/id/37403410
Euro Shorts ‘Risk-Reward’ Now Unfavorable: Technical Analysis
(Bloomberg) -- Investors should end bets that the euro will weaken against the dollar because trading patterns suggest there is more room for the 16-nation currency to rise.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAk0SYlxx2Pk
Euro to Rally After Dropping Toward 108 Yen: Technical Analysis
(Bloomberg) -- The euro may reverse course after it falls toward 108 yen, the lowest level since November 2001, Bank of Tokyo-Mitsubishi UJF Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZnAK5g9xDJs
Asia Ex-Japan Stocks May Fall 17% to August: Technical Analysis
(Bloomberg) -- The MSCI Asia Ex Japan Index, which rose to the highest in two weeks yesterday, will lose momentum and may drop a further 17 percent, according to technical analysis by BGC Partners.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atyAVkFXElyE
‘Best’ Chart Tracks Curve Before Fed Boosts: Technical Analysis
(Bloomberg) -- The yield advantage of five-year Treasury notes over two-year debt will increase to as much as 161 basis points before narrowing if history is any guide, according to Citigroup Inc., citing technical indicators.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEChMxL6ipgg
Silver May Outperform Gold, Cutting Ratio: Technical Analysis
(Bloomberg) -- The ratio of silver prices to gold may drop by as much as a third within three years because of improving industrial demand, according to broker GoldCore Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTTQrg8YlH64
Platinum’s Plunge From 21-Month High Over: Technical Analysis
(Bloomberg) -- Platinum’s 11 percent plunge from a 21-month high in April is probably over and prices will now either stabilize or advance, according to technical analysis by independent analyst Jim Stellakis.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCwZR5WXXCxY
Citigroup's Heap Says Gold May Reach $1,500 by Year End: Video
(Bloomberg) -- Alan Heap, a commodity analyst at Citigroup Inc., talks with Bloomberg's Susan Li about his forecast for gold prices.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_ca0R6NUuXw
Citigroup Sees Buying Opportunities Soon for ‘Risky’ Currencies
(Bloomberg) -- Higher-yielding currencies may start to offer buying opportunities as foreign-exchange markets avoid a bigger slide than that in the wake of Lehman Brothers Holdings Inc.’s 2008 collapse, according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aygdO4VaMnIY
Eric Sprott Says S&P 500 Index Slump Just Starting (Update4)
(Bloomberg) -- The monthlong slump that erased 12 percent from the Standard & Poor’s 500 Index is the beginning of a collapse that will drive the measure below its weakest level of 2009 in the next year, money manager Eric Sprott said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a40ZoU9jlWMM
Top 50 Business Books, ‘Animal Spirits’ to ‘What the Dog Saw’
(Bloomberg) -- With so many business books spilling from the shelves, we’re often asked for a comprehensive list of recommendations. Here are 50 of our favorite titles published since Jan. 1, 2009.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPJsasCVoVEk
Asian Currencies Have Biggest Weekly Gain in Almost Two Months
(Bloomberg) -- Asian currencies had their biggest weekly gain in almost two months as reports showed regional economies are improving and concern faded that Europe’s debt crisis will worsen.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agcSVK4worr4
Did Miserable May Light the Way For a Sunny Summer?
Investors can be forgiven for a little deja vu: In the month of the Flash Crash, wild swings in volatility and incessant talk about risks to the entire financial system, May seemed like a trip back to the bad old days.
http://finance.yahoo.com/news/Did-Miserable-May-Light-the-cnbc-1051181626.html;_ylt=AoILPEB8yzsIxtJgfmcxGqVO7sMF;_ylu=X3oDMTFhZGVrZGdvBHBvcwMyBHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2RpZG1pc2VyYWJsZQ--?x=0
Weekly Fundamental Outlook for Energies and Metals - Gasoline Demand to Rise as Driving Season Arrives Written by Oil N' Gold
Global financial market weakened early last week as Bank of Spain's takeover of a savings bank called Cajasur and potential merge of 4 other banks unveiled problems in the country's banking system. Moreover, escalated tensions on the Korean Peninsula further weighed on market sentiment. US dollar, Japanese yen and gold surged while stocks, euro and energies slumped.
http://oilngold.com/ong-focus/insights/weekly-fundamental-outlook-for-energies-and-metals-gasoline-demand-to-rise-as-driving-season-arrives-2010052912904/
ONG Focus - Technical Written by Oil N' Gold
Crude Oil Weekly Technical Outlook
Crude oil's rebound extended further to as high as 75.72 last week. Though, there is no change in the view that such rebound is a correction in the larger decline. While some more rise might be seen, upside should be limited by 61.8% retracement of 87.15 to 64.23 at 78.39 and bring fall resumption. Below 71.23 minor support will indicate that rebound from 64.23 is finished and will flip intraday bias back to the downside for retesting this low first.
ONG Focus - Technical Written by Oil N' Gold
Gold Weekly Technical Outlook
Gold's recovery from extended further to as high as 1218.5 last week before turning sideway. Further rise remains in favor as long as 1197.3 minor support holds and gold would possibly target a retest on 1249.7 high. On the downside, however, below 1197.3 will indicate that recovery has completed and will flip intraday bias back to the downside for 1166 support and below.
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