Week: 8 – 14 Feb 2016

The stock market

Global stock markets are on their shakiest footing in years. Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth and the effectiveness of central banks’ policies. At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.

Only 6 weeks ago cheap oil prices were still expected to cushion the global economy, and the Federal Reserve’s decision in December to raise interest rates for the first time since the end of the financial crisis in 2008 was widely seen as a vote of confidence in the world’s largest economy.

In addition to the fall in U.S. stock markets, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates.

Large institutions and sovereign wealth funds, who borrowed in EUR and JPY, have been selling riskier assets and are now buying back those currencies, undermining central bank efforts.

The slump in equity prices which began late last year has deepened as banks grapple with negative interest rates in parts of Europe and Japan and the flattening of the U.S. Treasury yield curve.

“One of the new themes in markets is that (quantitative easing) has damaged the banks and that therefore it exacerbates the risk-off environment,” said Steve Englander, managing director and global head of G10 FX strategy at Citigroup in New York.

Negative interest rates on central bank deposits and on government bond yields undermine the traditional ability of banks to profit from the difference between borrowing costs and lending returns. With a decline of 18% on the year, S&P 500 financials are by far the worst performing sector in 2016.Reuters

home

market
^ US market indices this week (Chart: Yahoo Finance)

home Market indices

Index 12 Feb 16 Week 5 Feb 16 Month 29 Jan 16 Year 31 Dec 15
S&P 500 1,864.78 -0.81% 1,880.05 -3.89% 1,940.24 -8.77% 2,043.94
DJIA 15,973.84 -1.43% 16,204.83 -2.99% 16,466.30 -8.33% 17,425.03
NASDAQ 4,337.51 -0.59% 4,363.14 -5.99% 4,613.95 -13.38% 5,007.41

A week of Nightly Business Reports

Monday Tuesday Wednesday Thursday Friday

Portfolio

home Index performance

indices
^ USD and AUD denominated indices over the past 52 weeks (Chart: Bunting)

indices
^ USD and AUD denominated indices since 28 Dec 2012 (Chart: Bunting)

home This week’s performance

Index 12 Feb 16 Week 5 Feb 16 Month 29 Jan 16 Year 31 Dec 15
USD Index 1.691 -0.18% 1.694 -6.37% 1.806 -12.81% 1.940
Valuation rate 0.71510 +0.39% 0.71230 +0.32% 0.71282 -2.54% 0.73374
AUD Index 2.365 -0.57% 2.379 -6.66% 2.534 -10.54% 2.644

home Portfolio stocks this week

stocks
^ The shape of portfolio stocks this week (Chart: Yahoo Finance)

AAPL: Apple, Inc This week Change Last week home
Friday close $93.99 -0.03% $94.02
P/E (historical) 10.22 Unchanged 10.22
P/E (1 year fwd) 10.30 Change 10.58
Target (1 year) NASDAQ consensus $131Change, range $105 ↔ $172
Analyst recommendations 22Change strong buy, 3 buy, 7Change hold
Last earnings report Q1/2016 26 Jan 2016
SEC filings Edgar Search CIK 0000320193
aapl
^ Apple price movements this week (Chart: Yahoo Finance)
News Item: Apple is expected to announce new iPhone, iPad, and Watch at an event scheduled for 15 Mar 2016. The new products will go on sale on 18 Mar 2016. 9to5Mac

AMZN: Amazon Com, Inc This week Change Last week home home
Friday close $507.08 +0.99% $502.13
P/E (historical) 734.90 Change 727.72
P/E (1 year fwd) 109.29 Change 116.33
Target (1 year) NASDAQ consensus $738.5, range $525 ↔ $900.
Analyst recommendations 23 strong buy, 2 buy, 6 hold
Last earnings report Q4 / 2015 28 Jan 2016
SEC filings Edgar Search CIK 0001018724
amzn
^ Amazon price movements this week (Chart: Yahoo Finance)

EBAY: Ebay, Inc This week Change Last week home home
Friday close $22.49 -3.06% $23.20
P/E (historical) 12.63 Change 13.03
P/E (1 year fwd) 13.71 Change 14.59
Target (1 year) NASDAQ consensus $28, range $24 ↔ $34
Analyst recommendations 7 strong buy, 18 hold, 1 under perform
Last earnings report Q4/2015 and Full Year 2015 27 Jan 2016
SEC filings Edgar Search CIK 0001065088
ebay
^ Ebay price movements this week (Chart: Yahoo Finance)

FB: Facebook, Inc This week Change Last week home home
Friday close $102.01 -1.98% $104.07
P/E (historical) 103.04 Change 105.12
P/E (1 year fwd) 43.19 Change 46.82
Target (1 year) NASDAQ consensus $130, range $95 ↔ $170
Analyst recommendations 23 strong buy, 4 buy, 1 hold
Last earnings report Q4/2015 and Full Year 2015 27 Jan 2016
SEC filings Edgar Search CIK 0001326801
fb
^ Facebook price movements this week (Chart: Yahoo Finance)

GOOGL: Alphabet, Inc This week Change Last week home home
Friday close $706.89 +0.44% $703.76
P/E (historical) 31.04 Change 30.91
P/E (1 year fwd) 25.35 Change 26.92
Target (1 year) NASDAQ consensus $910Change, range $620 ↔ $1080
Analyst recommendations 29 strong buy, 3 buy, 2 hold
Last earnings report Q4 / 2015 1 Feb 2016
SEC filings Edgar Search CIK 0001288776
googl
^ Alphabet (Class A) price movements this week (Chart: Yahoo Finance)

GOOG: Alphabet, Inc This week Change Last week home home
Friday close $682.40 -0.17% $683.57
P/E (historical) 29.99 Change 30.05
goog
^ Alphabet (Class C) price movements this week (Chart: Yahoo Finance)

LNKD: Linkedin Corp This week Change Last week home home
Friday close $101.11 -6.71% $108.38
P/E (historical) NE NE
P/E (1 year fwd) NE NE
Target (1 year) NASDAQ consensus $180Change, range $135Change ↔ $300Change.
Analyst recommendations 14Change strong buy, 2Change buy, 13Change hold
Last earnings report Q4 / 2015 4 Feb 2016
SEC filings Edgar Search CIK 0001271024
lnkd
^ Linkedin price movements this week (Chart: Yahoo Finance)

PYPL: PayPal Holdings, Inc This week Change Last week home home
Friday close $34.30 -2.20% $35.07
P/E (historical) NE NE
P/E (1 year fwd) NE NE
Target (1 year) NASDAQ consensus $42, range $32 ↔ $50.
Analyst recommendations 18 strong buy, 2 buy, 6 hold, 1 underperform, 2 sell
Last earnings report Q4/2015 and Full year 2015 27 Jan 2016
SEC filings Edgar Search CIK 0001633917
pypl
^ PayPal price movements this week (Chart: Yahoo Finance)

TWTR: Twitter, Inc This week Change Last week home home
Friday close $15.88 +1.02% $15.72
P/E (historical) NE NE
P/E (1 year fwd) NE NE
Target (1 year) NASDAQ consensus $20Change, range $13Change ↔ $45.
Analyst recommendations 8 strong buy, 14 hold, 1 underperform, 1 sell.
Last earnings report Q3 / 2015 27 Oct 2015
SEC filings Edgar Search CIK 0001418091
twtr
^ Twitter price movements this week (Chart: Yahoo Finance)

V: Visa, Inc This week Change Last week home home
Friday close $70.42 -1.57% $71.54
P/E (historical) 27.37 Change 27.81
P/E (1 year fwd) 24.45 Change 26.41
Target (1 year) NASDAQ consensus $86Change, range $75Change ↔ $95
Analyst recommendations 13Change strong buy, 4 buy, 4Change hold
Last earnings report Q1/2016 28 Jan 2016
SEC filings Edgar Search CIK 0001403161
v
^ Visa price movements this week (Chart: Yahoo Finance)

VMW: VMware, Inc This week Change Last week home
Friday close $45.01 +1.06% $44.54
P/E (historical) 20.46 Change 20.25
P/E (1 year fwd) 14.56 Change 14.75
Target (1 year) NASDAQ consensus $63.5, range $34 ↔ $93
Analyst recommendations 7 strong buy, 3 buy, 19 hold
Last earnings report Q4/2015 and Full Year 2015 26 Jan 2016
SEC filings Edgar Search CIK 0001124610
vmw
^ VMware price movements this week (Chart: Yahoo Finance)

home flag_australia FX: USD/AUD

usd/aud
^ AUD movements against the USD this week (Chart: xe.com)

Australian economic indicators Trading Economics

Australian economic charts RBA Chart Pack