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HI cheaps,
AND LAST TIME IT did do what I said near enough I am looking for late September or October :-p
:-)
That's what you been saying for a year now....yawn
This could do with a nice correction
I like Bank/Insurance sectors but the market doesnt. Trading is thin at this time of year. HSBC nice results but price hardly moved. NAV £8.69 Share price less that £4.00. Forward p/e just circa 5. I still dont see much upward movement before September.
Hi kt.
Well that was a disappointing week to say the least!! Good results from the "big guns" but with all the other news from China and Covid concerns the FTSE struggled after touching 7090 on Thursday. Really expected it to kick on into the 7100's but it struggled at times to stay above 7000!!
What's your view on next week? We have results from HSBC, LGEN and Prudential, amongst others.
Useful thoughts Kitty
I think the ftse has been held back by
1. GBP rebound strength
2. Special dividends (5 Companies returned £8bn)
3. Acquistions (2 Companies £10bn). Morrisons to come?
4. Lack of compelling forward guidance.
5. Better growth prospects elsewhere.
The ftse 100 started the year at 6460 so up almost 9% after last years 14% drop.
Earnings seasons may bring more positive forward guidance, increased dividends and more special dividends. So your 7200 estimate could be hit but I still think year end is more realistic.
Unilever's 6% drop on Thursday dented the FTSE's rise after Monday's sell off. Unilever will recover slowly next week and that along with the results from BAT, RDSB, Astra, GSK, LLoy, BARC, BAE etc , should take us up to at least 7200.
If these heavyweights cannot move the dial from their current low levels then the FTSE 100 is well and truly finished.
Last week it was LESS than the beginning of January!! Surely it can only go up??
Lokks like you were wrong.
Some mid-caps gained 10-20%, but your negative so you missed it
I'm sure that rally to 6930 bear trap would have suckered a number of people in. It looks like it could well be a dead cat bounce to me, with 6750 looking very possible if the US join the bear party later.
I still think my comment in January will come good, but I don't see 7300 being hit in August.
Agenda21 Jan '21
The agenda in the US has now moved towards "it doesn't matter how large the national debt is". We can expect more stimulus USD900bn, then USD 1,900bn and then some more. The IMF has now said it was a mistake to curtail Greek spending in the financial crisis, so we could expect more political pressure to do the same in EU and UK. This approach will weaken the dollar but also stimulate the economy and spending. It will create more global cash that needs a home and the FTSE has benefited from this in the last 4months.
I think the FTSE will still move up this year. Corporate earnings are predicted to rise 36% in 2021, resumption of some dividends and hopefully Covid restrictions removed. I see 7,000 being hit in the next couple of months, a summer pull back and then finish above 7,200 a year end. All unless debt becomes an issue again for those who are never going to have to pay it back.
I am heavily invested in this index and very nervous about the upcoming results season. Logic tells me the bar has been set so low the results will beat expectations and the outlook will be cautiously optimistic. Trouble is have little confidence as the FTSE 100 continues to perform miserably, compared to its peers.
Does anyone expect us to hit 7300 in August - this year!!?
?
after 7141 FTSE 100 is very bullish
Good tool , if you run it for 1 week 1 month 3 month 6 month etc gives you are very clear indication of shares in long trends
Very useful indeed.
Thanks
Thanks for the tip. I didn't know Morning Star had that. But as you say not enough detail for what I want. Looks like I'll need to do a Google Sheet for it. Happy to share it when it's done if it's of any use to anyone.
I like using this one but it doesn't total each sector in the way you probably want...
https://www.morningstar.co.uk/uk/Market/heatmap.aspx
you need to change ticker to sector
Hi
Does anyone know where I can get FTSE 100 sector based info similar to this on S&P - https://www.sectorspdr.com/sectorspdr/tools/sector-tracker
I'm looking to have an open/closed view on sector performance rather than company or index level.
Sorry denby you will have to translate.
Johnbri4 WELL THE WAY i look at it is we are at the highs at the moment so is us most country's are on there knees in debt to much easy money this is a recipe for disaster
denby. Even a broken clock gets it right twice a day. Your time will come.
just think the ftse will go down from here
This is looking a bit frothy for me
It's a psychological game.
If you can't cope with say losing a months game in two days, then it's not for you. It's demanding to make money in such a market, but if you got the psychology of it, it's very rewarding.
Over the course of 2 days, a month's worth of gains go phut. On US inflation woes? A fear of rates rising? Profit taking due to Biden's capital gains tax plan, etc? No wonder a certain section of the population doesn't like shares.
Some people love to live in denial.
Maybe it hurst to see companies up 100%?
Superdry up 100% in a month or so. Pfc up 40%,
Micro focus up 150% over the past year.
Even the slow HSBC up 60-70% since the low.
Do u want me to continue with companies that did 200%?
Lot of these names keep going up. But u can choose to shut your eyes and die. Good luck!