Expert Share Tips on CNCB
Which way the stockmarkets after the FED rate cut ? Generlly I have noticed that US analysts are far more positive than those inthe UK who tend to be a bit wet!
Bill McLaren says charts say we are heading higher until 10th October, after that back into long-term bear mode, so bear that in mind.
CNBC Investors’ Clinic guest were
Philip Lawler from Nomura and Greg Smith from Fat Prophets
Philip Lawler said :
NRK won’t survive how it gets dismembered is key - price an unknown – (150p was mentioned as a rumour by the interviewer )
We are going through a major transition in markets – now looking at reflationary trade – rotation back to sectors, cyclicals, energy, industrials will create leadership – but need to see which will be the leaders – reflationary trade is now the name of the game
Q. Is Mitchells and Butlers good buy ? Someone may be stake building – but overall cautious due to discretionary spending headwinds
Q. : Vodafone ? Now a defensive stock – if you want a defensive stock they are a good place to be
Q : Who is next banking victim ? Credit creation has been the anglo-saxon model – expects Europe to catch up – but regulatory regime hasn’t worked - but concept of higher debt is not dead – very few have same exposure as NRK – hard to see who is next but there is stress everywhere – but BoE will not make same mistake twice
Q : BP - Shell ? Oil is still a defensive sector – which is good at the moment – total return inc. dividends is good –
Top tips : US large cap –
Greg Smith
Fat Prophets
Sees more volatility over the next few months
Q : Mitchells and Butlers good buy ? Cautious about sector overall.
Q : Vodafone ? Overwight telcomms medium to longer term – a value play – good dividend yields – surplus cash flows – expansion into emerging markets – good core stock
Banking sector could see further weakness
Oil price will go to 100$ - maintaining positions in BP and Shell
Top tip : Overweight mining – BHP etc… gold stocks e.g. Randgold
So there you have it – not particularly inspiring but I dare say they make a good living at being boring. So according to them - buy Vodafone, BP, Shell, BLT, gold stocks, US large cap,
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