Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
US data on non residential construction continues to be robust relative to other industries and recession worries lessening somewhat and oil price recovering are all good for risk on Economist comment: .....GDP is difficult to get an accurate handle on............job data is the most reliable metric....... .....US GDP probably around 2% + going into 3Q..... .......................................................................... and the frackers will be returning god love them and the Fed are talking interest hike again and that is a thumbs up for US economy and the BUZZ button is back! Have a wild day
.....China is an absolute trigger for a sell off of the market because they've basically spent the first half of the year trying to pump up their economy,expanding their credit tremendously,but they are just not able to grow economy at the pace they want .......any kind of break in the 2nd half of the year e\specially with the Chinese Yuan could realiy trigger a massive sell off across the world......... Yesterdays Chinese PMI data falls for 14th consecutive month and CAT fall close on 3% USA data: jobless claims eia nat gas consumer sentiment chain store retail sales US consumer outlook has gone bearish to date and is a source of worry for Fed Fed hike maybe September ADP employment came in soft UK news am: construction PMI and services PMI come in soft/contraction US oil news this am: production falling as opposed to middle east Fridays non farm forecasted to come in around 200000 Have a wild day
Recent News: A-Plant's/EVE - UK's leading supplier of temporary access systems- expands its southern operations flagship centre in Wimbledon by increasing the equipment storage capacity and similarly in Thurrock/East London to service the capital and the south east. ................................ 2 Billion $$$ sold off in equities/ETF's from the S&P 500 in the past week Market analyst comment: ...the present uncertainty on global markets will result in continued volatility,but not the variety that encourages risk appetite but a volatility of paralysis-risk off....... investors are concerned about the banks,BREXIT and US presidential election outcomes....... and geo-political worries....... ............................................. US construction spend data yesterday continues to be healthy. AHT sp- once the market digests the 2Q earnings in July then its future prospects might look somewhat clearer! but at the moment a higfhly capitalised stock with a significant debt risk would not be too attractive to investors except to those that borrow and cover. Have a wild day Yesterdays US auto sales came in robust but the stocks dipped about 5%+ on investor concerns that they may not be able to maintain the pace amidst doubts on future growth of US economy.
Happy FOMC day, Market comment: .....too sluggish an economy for hike in June,more like 4Q....... .....Fed says slow economy is transitory......... .....US consumer spending on the wane......... USA data: international trade pending home sales mba mortgage applications eia inventories A-Plant commits 2£ million to upgrade its Extranet to delover a new technologically advanced customer portal with BIM-business information modelling- to facilitate future needs of clients. Ultimate goal for AHT is to do all transactions on the Portal with significant benefit to all. Analyst comment: Present stability in equities reflects on better commodities/oil prices,weaker dollar and better data out of China... Have a wild day
Happy BUZZ button day, CITY comment: .....US economy is strong enough to steer clear of recession but not strong enough for Fed to be hawkish....... ......Q1 USA GDP usually is way out and growth in economy is signalled by continued job growth.... USA data: new home sales dallas fed mnfg survey German ifo disappoints a bit BUT construction and manufacturing healthy Deutsche Sell is noise Institutional ownership of AHT also loan stock to traders and they try to short or whatever means to make money and the Deutsche of the worlds also trade to make the $$$$ AHT has decent earning prospects all the way to 4Q and after if another warm winter materialises and the BUZZ button is back - more noise But nothing wrong with a good old fashioned DIp for the $$$winger$$$ of the world Have a wild day
Draghi comment: ........EU continues to grow albeit slowly but potential risks tilt it to downside....and structural reforms need to be addressed........ Japan data: Data out Japan during week that's just ended did not offer much encouragement.
CAT comment: .... CAT CEO says that his business will bottom in 2016 and however plans to cut workforce by 10000 amongst other cost cuts.... Analyst comment: ....US economy growing modestly and inflation remaining low...... ......two thirds of US consumers see economy fair to getting worse with little significant increase in wages.... Economist comment: .... economy investment compensation relative to present uncertainties present risks that corporations are not willing to take - China,Oil,Central Banks,Dollar,US presidential election,BREXIT,Geopolitical and Distorted financial system......... Raft of earnings/data from US in week ahead and good old fashioned volatility and opportunity CEO/URI comment: .......oil/gas remains a significant headwind............ Analyst comment: ...CAT CEO says we're close to bottom but their credibility is also down there.... and Donald Trump our self delusional friend will however save us all - and Jesus wept again Have a safe weekend
Happy baker hughes day, Market comment: .....economy data giving mixed signals.............. ......18 months left in bull run....... ......S&P 500 2150 at 4Q....... ......market rally so far may also deliver near term correction......... USA data: pmi mfg data baker hughes rig count CAT report earnings today and if good should give boo$t to machinery stocks Cyclical stocks like AHT will po$itive sentiment return Oil on the up will help and is now forecast by some to even hit $80+ when supply tightens and the frackers will bring it back down again depending on how long it takes them to produce again- approx. 3/4 weeks Have a wild day
$lip $$$liding away good old fa$hioned DIP plea$$$$££££££ Merci
Sometime!!!!! but not 2016 BUT Donald Trump will save - the day and Jesus wept again
Never mind Deutsche fcst ...this algorithim is in toxic ated.. just pop down to £7.50ish have a coffee with Cre4di Suisse and come back after the AHT conference call thank you Have a wild day
should read: ...dependent on .....
URI came in ok and sp drops about 4% in after hours trading Cashflow going forward is forecasted to be ok Rental rates fairly static and may fall between 2/4% but are temporary CEO talks about significant headwinds in oil/gas and Canada URI debt level is too high and net income growth remains subdued however they continue to grow and diversify their business USA data: leading indicators national activity index phili business outlook consumer data jobless claims Market comment: ...this rally came out of the Blue and wrongfooted a lot of the Pros... Draghi/ECB policy later today Credit Suisse came in again with a low sp fcst and probably have a big bet that stock dives tucked away some place. AHT sp rangebound between £8 and high £8 and a tidy $$$pread The present dive and rally will repeat again as investor nerves must also rally in a market driven by newsflow either -/+ depending on their bet$ Ashtead conference call today may ! help defribulate the sp if only for 5 mins US presidential election/BREXIT month of MAY,Greece all are contributing in a world with dysfunctional financial system dependent central banks which is the the main problem And the BUZZ button is back Have a wild day Have
Market comment: .....oil fundamentals are moving in the right direction and oil market could balance sooner,after 2Q oil price will rice steadily and $$ 55+ at year end is a possibility and all resting that global demand will continue on upside ...average price of a UK home is now £307000..... Have a wild day
Hi mick-b,slipperyslope, thanks for comments Doha ended with no agreement as Saudis insist that Iranians must also freeze,an outcome that some predicted Market comment: ...... over one trillion$$$ in uncovered short interest presently on equities,not to mention shorts on oil,commodities and main indeces...... ...... a lot of pessimism,skeptisism and uncertainty leading to a falling off on demand for equities......... Oil satabilising and price increasing would be a plu$ for markets,BUT that after Doha looks doubtfull given Saudia stance and then saying they could add another one million + more/day After 2Q earning release a better picture of USA economy will emerge Regional banks in USA are doing well and a solid demand for credit from consumers BREXIT,China economy,USA presidential election will be contributing USA data: housing market index fed speak URI's earnings on 20th April will be good,BUT will they be good enough! for market Negative sentiment persists for rental stocks also BOL Have a wild monday
Fed Beige book came in ok indicating that US economy is growing modestly
Hi Slipperryslope, a City comment today: .....markets will move on newsflow/sentiment up and down through 2016 in a fragile global economy reality..... .......investors will not put money in banks or bonds,they will chase yield/return on equities and will wait for selloffs and get in when time is right..... ......................................................... one'' moving part'' I forgot to include in an earlier post today is the Fed,and the Fed has gone dovish up to very recent Fed speak..... ................................................... Zacks today put a sell rating on URI China optimism!! gave CAT a nice boo$t today7 Oil analyst comment: ....we are far from a balanced oil market and Doha OPEC on 17th will end in acrimony and expect Monday/next week to be volatile..... ............................................. Sitting on a profit b4 clo$ing bell - Bank I££££££££££££££££££ because as you said the next corner could be another opportunity lining itself up - those G-forces I love them Patience Have a wild Thursday
forgot to mention ''happy BUZZ finger day'' !
City comment: .....risk on sentiment has many moving parts,BREXIT,EU politics,migration crisis,China,oil/commodities,BUT if oil can stabilise then that is a +........ ......China export figures this am has more to do with cyclical/seasonality and compared to last years weak figures,just look good!...... USA data: business inventories ppi-fd retail sales mba mortgage applications eia petroleum status EU data: industrial production UK data: brc sales monitror .................................... Iran oil minister not going to Doha as one analyst commented: .....when oil hits 50$ the fraqcker$$$ will start to return..... .....oil at $50 by years end..... AHT sp anybody's guess.but looks fairly wobbley \have a wild day
ALCOAS Bulk aluminium disappointed and lead to earnings generally falling short,company is now splitting into 2 entities-the profitable and the non performing Could AHT go under £8 ? more than capable of it- PATIENCE USA NFIB data not optimistic this am Have a wild day