Buzz Technologies (BZTG)

[lowe6er]

As we start the week in Asia the uncertainty of the last month is unfortunately still the dominating factor. US Debt and Europe’s Issues in Greece, Italy and Others will still feature in the news.

It is another week to be prepared to buy on falls and take some profits if markets outpace themselves on earnings.

Remember, as Warren Buffett has said, “A public-opinion poll is no substitute for thought.”

Extremes are what to be on the look out for this week in Indices, Equities, Commodities and Foreign Exchange, take the cautious approach should any of your investments run to high and put some in the bank.

Gold, Coal and Copper miners are on my list of stocks to buy should there be a sell off, Berau and Bumi in Indonesia, Banpu in Thailand stand out as undervalued assets worth buying should the market offer a discount.

AUY, ABX and VGCP look undervalued in the Gold sector.

EURJPY and GBPJPY will have a big range this week, for those with the time to monitor them they will make great trading.

USD and US Futures will be sold off if their is a US default and would make the buy of the year if it is, any default will be short lived and a recovery swift.

The European Banks that passed the stress tests are trading at bargain prices as are the US Banks BAC, MS, GS and JPM.

On the OTC I am looking at FXIT, RYQG, ABMT, RGNA, FIMA, AEMC, I am also confident of seeing some action on the BZTG change over sometime in 2011.

On Gold, I am a buyer under $1560 and a seller should we see $1665 this week.

The Singapore Dollar and Singapore Exchange are still Must Owns.

Next week is also a big week for economic data. Fears of a slowdown in the economy have been a large driver of market volatility over the last few months, and the coming releases will be parsed very closely.

They include early regional manufacturing data from Chicago and New York, a reading of consumer sentiment, and a first reading of US growth for the second quarter, expected to show the economy grew just 1.9 per cent in the period.

Bob Doll, chief equity strategist at BlackRock, one of the world’s largest fund managers with around $US1.6 trillion of equities under management, said this week that the US economy is at a critical juncture.

Doll points out that since 1960 every time year-on-year growth has fallen under 2 per cent the US economy has gone into recession.

“Our bottom line view is that investors should maintain a reasonably constructive bias toward risk assets, but should also be prepared to scale back exposure if evidence of economic growth acceleration does not materialize,” said Doll.

Around 30 per cent of the S&P 500’s $US12.3 trillion market cap have reported earnings so far. They have outpaced consensus estimates by 3.8 per cent, and only 7 per cent have missed estimates, according to data from Morgan Stanley.

But share prices of those that have fallen short of estimates have taken a severe beating. Given the fragile sentiment a few more prominent misses could derail the market.

In addition, the corporate earnings season suggests other risks could dog the market. Despite generally good results so far, there have been some worrisome signs. The S&P 500 rallied 6 per cent in the run-up to reporting season, but earnings misses from big industrial names like Rockwell Collins and Caterpillar Inc weighed on the Dow and S&P 500 on Friday.

Shayne Heffernan
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.




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