ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

07/04/2015 Argonaut Morning Note

    Home Stockbroking & Research Morning Notes 07/04/2015 Argonaut Morning Note
    NextPrevious

    07/04/2015 Argonaut Morning Note

    By admin | Morning Notes | 0 comment | 6 April, 2015 | 0

    Market Update & Important Indicators

    U.S. stocks extended their gains Monday, rebounding from an early loss, in the first trading session following the release of March's disappointing jobs report. The Dow climbed 118 points, or 0.7%, to 17,881. The Labor Department on Friday said U.S. employers added 126,000 jobs in March, the weakest pace of hiring in 15 months. With the U.S. stock market closed for the Good Friday holiday, Monday was the first chance for investors in stocks to react to the report.

    The Labor report for March was the latest in a series of indicators to show U.S. economic growth has slowed in recent months. That is giving investors pause ahead of what is shaping up to be a weak first-quarter earnings season, which unofficially begins this week when Alcoa Inc. reports results after the close of trading Wednesday. Investors are contending with several forces working against corporate bottom lines. A sharply stronger dollar is reducing profits at large, multinational companies. At the same time, energy companies continue to deal with the hit to their earnings from the slump in U.S. oil prices.

    Most European and Asian stock markets were closed on Monday, as was the LME. Gold is trading at 1,214/oz and Brent crude at 58.12/bbl.

    In This Issue

    Austal Limited (ASB) | BUY
    The construction of an additional two Littoral Combat Ships (LCS) has been funded by the U.S. Navy, adding ~US$691m to ASB’s order book. With U.S. revenue visibility extending to 2020, a substantial potential pipeline thereafter, a declining A$, and a strong balance sheet, our buy themes remain intact. ASB is seeing a business re-rating, a process likely to continue if the Company can deliver consistent earnings and additional construction and support contracts. We maintain our buy call on a $2.00 price target (prior $1.80).

    Recent Contacts & Presentations

    Saracen (SAR), Beadell (BDR), Pacifico (PMY), Fertoz (FTZ), Atrum (ATU), Doray (DRM), Helix Resources (HLX), Rift Valley Resources (RVY), West African Resources (WAF), Austal (ASB), TFS Corporation (TFC), Buru Energy (BRU), Strandline Resources (STA), Carnarvon Energy (CVN), Otto Energy (OEL), Empire Oil & Gas (EGO), Pura Vida Energy NL (PVD), Migme (MIG), Vmoto (VMT)
     

    Please read Argonaut's Important Disclaimers & disclosures

    Log in to the client area below to download the full Morning Note PDF

    Argonaut Morning Note

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital