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AndrewBaker

AndrewBaker
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  • Wall Street Breakfast: Australia Keeps Monetary Policy Steady [View article]
    Don't miss the small articles: banks are, like it or not, crucial in any market rally over time; and Barclays (BCS) have already paid out penalties for previous wrongdoings, so improved pre-tax profits, even if post shows a loss, is indicative of better trading, plus they have already allocated for more penalties. In short, the recent drop in price makes it a good entry point, or chance to buy more. IMHO.

    Disclosure: long Barclays.
    Mar 3, 2015. 09:42 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Crude Drops As Inventories Rise [View article]
    The drop in gold prices in the recent past has forced economies on the miners, who are now a lot leaner; plus gold is poised to regain its northwards price trend, and much above $1,000 per ounce, that drops through to the bottom line as profit. So ... either stock pick gold miners, if you can, or, like me, buy a good ETF. I'm long GDX, and in my view the upside is far greater than the downside.
    Feb 19, 2015. 10:10 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Grexit Risks Resurface As Talks Break Down [View article]
    The most notable aspect of today's WSB is that there are no notable aspects. Greece won't affect much; it's too small. Oil prices won't recover for an age at least. And the company news there is, is not likely to change much in the overall scheme of things.

    One piece of news not on here is that China has recorded its first month of house price rises for a long time: now that may produce a spark, if it repeats over the next few periods. let's hope so.
    Feb 17, 2015. 07:23 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: GDP Figures Lead Europe Higher [View article]
    I agree about size; but my point is that the biggest caps have already gotten to very high prices in comparison with smaller businesses, who have still got good management, good product, but greater relative growth potential in their stock price.
    Feb 13, 2015. 10:15 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: GDP Figures Lead Europe Higher [View article]
    Tesla (TSLA) has been overhyped and overbought for some time, with a stock price way above current or likely future value. It's a stock people buy through sentiment or momentum greed, not one bought - at even the current lower price - on the business fundamentals. In my view, it has still a long way to fall, so if not wearing glued-on rose spectacles, take profits now, or cut your losses if you bought higher.
    Feb 13, 2015. 10:12 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: GDP Figures Lead Europe Higher [View article]
    European news, oil price stabilizing, company results generally beating estimates, and more bid news emerging, plus a lessening in the tension over Russia and Ukraine, all suggest that the recovery is there; getting underway, and likely therefore to last a few years until the next world economic downturn. Yes, we've had a bull market for some while now, but it still has plenty of legs, IMHO; and I'm looking to buy. The biggest caps are maybe pricey right now, so apart from banks, and some miners - particularly gold - I'm looking a little further down the size band. Medium caps still have a lot of promise, and the small caps have been hurt in the recent past, so they look like being good bets in a while, as right now may be a little premature. Overall, for a good stock-picker, 2015 bodes well, I believe.
    Feb 13, 2015. 07:16 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Apple Makes Quarterly Profit History [View article]
    Apple's results show more than just Apple doing well: they sell expensive products, and the fact people are buying them indicates that a general recovery is underway, and not just in the US.

    Europe is behind the curve, and still doing effective QE, whilst the worries about Greece are overdone: the % of Europe/anywhere else that the Greek market has is just not worth worrying over, and the effect their new left wing government can have on international politics and business is just as minimal.

    China is lowering growth rates to a more substantial level, which is welcome. Previous rates were and are unsustainable.

    Oil is dropping in price because not just because of overproduction leading to oversupply, but also because there are many more energy sources now available and upcoming, so oil won't be such an important commodity as it was in the past.

    Overall, the world is at the start of a general rise in production and business output, which will enable the equity markets to continue their bull run for some time to come.

    Given there will always be corrections along the way, I say buy all the dips that come this year and next, at least: and enjoy the dividends that come from your equity holdings too. They are in many cases higher significantly higher than the return on bonds and treasuries, which themselves will lose capital value as interest rates rise in the future.

    2015 will be a great year for smart equity investors, IMHO.
    Jan 28, 2015. 08:13 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    Sony’s entertainment unit investigated its Indian operations.

    Bidding frauds and kickbacks in India! Surely not! ;) lol.
    Jan 21, 2015. 08:12 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    Gold climbed above $1,300 an ounce ...
    and it will keep climbing. Too many uncertainties regarding fiat money. Gold will always be worth the appropriate amount in made-up money, whilst made-up money doesn't have any measure of worth other than what it buys in gold. Ergo, buy gold.
    Jan 21, 2015. 08:09 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: China Posts Slowest Growth In Decades [View article]
    China's slower GDP rate will benefit all: 8% plus growth per annum is unsustainable over long periods, so a slightly lower rate will be good, IMHO. This coupled with Eurozone stimulus should help the global economy continue the slow recovery that we have seen so far. And cheaper oil - though tough on oil businesses - will help many companies through lower costs. The bull market is not yet over! :)
    Jan 20, 2015. 12:02 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Majors Cut More Jobs As Crude Slides [View article]
    India and China are both trying to up their growth rates whilst contemporaneously oil prices fall ever lower; which is a great boost to both of these economies. The triumvirate of these three should result in the higher growth that is being sought, and that will have beneficial knock-on effects worldwide.

    Mark down 2015 as the year the slump really did end and the recovery really took off.

    Prophecy and neck stuck out, I believe this. Seek out amongst other opportunities, those home grown international businesses that trade a lot with the two markets of India and China.
    Jan 15, 2015. 07:17 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: ECJ Adviser Backs ECB Bond Plan [View article]
    The battle between oil producers and shale gas producers has made gasoline prices worldwide far cheaper than they have been for a long time, and this will produce an economic benefit as this will reduce costs for many businesses. Whether it will cut the profitability and therefore the viability of shale gas production and producers, as the oil producers want to do, I don't know. But it will give a boost, at least in the short to medium term, to stock prices, once investors realize the effect it will have on the bottom line.
    Jan 14, 2015. 07:04 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: European Stocks Soar On QE Expectations [View article]
    European stocks are climbing higher

    Now is a good time to invest in Europe. The euro is weak against the dollar and stock prices in Europe are low, so that when the recovery takes effect, not only will there be a gain in stock price rises, but it's likely the euro will then strengthen against the dollar, giving a currency gain too. Either choose your individual companies carefully - with a bias to biopharma and tech, IMHO - or buy a good European mutual fund or ETF.
    Jan 8, 2015. 07:51 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Eurozone Prices Fall For First Time Since 2009 [View article]
    The White House has made it clear.

    The Keystone XL oil pipeline, if built, would be an ecological disaster. It's not needed; there are alternatives, and it's simply greedy money-before-environment speculators and businesses that want it

    We need to consider environmental issues more, tackle global warming whilst we still can, and develop power and energy sources that do not have a destructive and long lasting effect.

    Renewable energy is the only way for a successful and prosperous future. Those who do not like it are similar to those who in the past considered anything other than heterosexuality was wrong, unnatural and abnormal. Today these people have to keep quiet, as I hope in time, will also those who decry renewables.

    The sun delivers in four minutes the energy the world uses in a year. It cannot be beyond us to tap that resource, along with others such as wind, waves, tides, geothermal and a host of other means of obtaining energy and power sources that are benign.
    Jan 7, 2015. 07:42 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: Eurozone Prices Fall For First Time Since 2009 [View article]
    Pushing the ECB closer to bolder policy stimulus.

    Different regions will recover at different paces over the coming months and years. The Eurozone is now comparatively a cheap market, especially with the fall in value of the euro. For those with patience, now is a good time to seek out the cheap stocks there, or invest in a Europe mutual fund or ETF. They have some interesting biotech companies there too, and I've taken a stake in some.
    Jan 7, 2015. 07:32 AM | 3 Likes Like |Link to Comment
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