Wednesday, August 3

Stock Picks from Financial Press

Stock Picks from the Today's Newspapers

The FTSE finished the day down 133 points at 5584 - the Dow is currently down over 100 points again.  For an interesting video on how professional traders apparently manipulate the markets to fleece the unsuspecting see - stock charting beginners beware

The Times

Tempus share tips

Don't chase Barclays shares higher

Barclays 5 year stock chart with 50 and 200 day moving averages

The Barclay share chart is starting to look very ugly IMHO [Ed the talking horse] - after recovering from the lows back in March 2009 they now appear to be dangling in the ether below their 200 day moving average (which is never a good sign) with the momentum dragging them back down - many banking stocks are the same BTW much as they were back in late 2007.

Avoid Hargreaves Lansdown.

Comment

The eurozone’s rescue fund needs more flexibility to protect Italy and the Greece rescue package may need to be rewritten even before it hits the eurozone statute books.

The Independent

Investment Stock Picks

Buy Cookson at 597p - There are concerns but Cookson remains fundamentally strong - putting recent volatility aside, at their current levels the shares look undervalued.
Buy Devro at 262p -
Buy Umeco at 364p - down 30% since January but are a good long-term prospect.

The Daily Telegraph

Questor share tips
Buy Centamin Egypt at 109.5p - After the fall in the share price yesterday the shares are trading on a December 2011 earnings multiple of 9.3x falling to 7.2x next year. The shares are a risky, speculative buy due to the world-class quality of the Sukari gold mine. This is however a single-asset company operating in a region with political risk

Buy Weir Group at 2072p - despite the high17x earning rating they are still a buy.

Comment

There are fears in bond and equity markets that Italy and Spain could be the next to get a bail-out and that the global economy is heading for the famous double-dip recession as the spotlight moved from the USA back to the eurozone crisis.


Financial Times
EMI could attract bids of over $4 billion; which means Citigroup could recoup about 75% of the money it lent for the private equity buy-out in 2007.

The Chinese are coming - Cheung Kong Infrastructure, controlled by billionaire Li Ka-shing, is to buy Northumbrian Water.

The Lex Column

Xstrata has performed well in H1 but faces hurdles in H2.

Barclays looking cheap - discount looks too deep as investors appear very cynical about the future of Barclays' investment bank.


Daily Mail


Britain’s building societies have been slashing mortgage rates and offering attractive savings deals

Northumbrian Water, bought by Li Ka Shing, offers handsome profits and dividends.

For more info. on stock charting see - the basics about stock charts