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Weekly Market Outlook


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Stocks in the US closed mixed in thin trading Friday ahead of the three-day holiday weekend, but all major averages logged robust gains for the week following some positive economic news and amid optimism that Greece will soon find a solution to its debt crisis.

The Dow Jones Industrial Average rose 45.79 points, or 0.35 percent, to close at 12,949.87, just shy of the psychologically-important 13,000 mark. The S&P500 added 3.19 points, or 0.23 percent, to end at 1,361.23. Meanwhile, the Nasdaq pulled back 8.07 points, or 0.27 percent, to finish at 2,951.78 after several days of gains.

Optimism in Europe grew after German officials gave up plans to pressure Greece by withholding part of the bailout. European shares ended higher as investors bet that Greece would sign a deal to secure a second bailout, avoiding a messy default.

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Weekly Market Outlook

Feature Article - Market bears shuffle back to their caves

Sydney Morning Herald 20/02/2012 | Is the 12-year-old secular bear market on Wall Street officially over? The US market, measured by the broad S&P 500 Index, has rallied 25 per cent since early October 2011 and has more than doubled since the crisis days of March 2009.  More...


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Upcoming Floats
Company Closing date Floating date Issue price
Bimini Resources Limited - - $0.20
Federation Metals NL - - $0.20
Boadicea Resources Ltd 29/02/2012 12/03/2012 $0.20
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Broker Consensus
Company Update Current price Brokers Buy, Hold, Sell Research report
AMP LIMITED 20/02/2012 $4.24 8 Hold Download report
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 20/02/2012 $21.55 8 Hold Download report
BILLABONG INTERNATIONAL LIMITED 20/02/2012 $2.62 8 Hold Download report
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Changes in Director Interest
Company Date of change Quantity Change Type Research report
PRIMARY HEALTH CARE LIMITED (PRY) 17/02/2012 3,600 Acquired download report
DART MINING NL (DTM) 16/02/2012 1,095,000 Disposed -
AXIOM MINING LIMITED (AVQ) 15/02/2012 1,000,000 Acquired -
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Dividend timetable
Company Comment Dividend per share Franking Ex-dividend date Payment date
DOMINO'S PIZZA ENTERPRISES LIMITED (DMP) Half Year Result 13 ¢ 100% 21/02/2012 12/03/2012
ALUMINA LIMITED (AWC) Final Year Result 2.7941 ¢ 100% 21/02/2012 15/03/2012
WESFARMERS LIMITED (WES) Half Year Result 70 ¢ 100% 21/02/2012 30/03/2012
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News

Paint maker expects to see value flow from Masters

The Age 20/02/2012 | UNITED States paint giant Valspar, which in 2010 bought leading Australian paint brand Wattyl for $142 million, has admitted its delisting from Bunnings hardware stores has cost it $US30 million in turnover.

Dartboard hits bullseye as values sink

Sun Herald 19/02/2012 | THE market snapped back like an oversized rubber band this week - thwack! Down went Rich Pritch, worst hit of the lot. Only one of his picks (Strategic Energy) made money, while three had declines in the double digits. That allowed the in-form Pottsy to make his move into top spot, closely tailed by lifeguard Nick Hughes-Jones.

What's brewing for breakfast - coffee, tea or beer?

The Age 19/02/2012 | A latte and a beer may sound like the perfect double breakfast pick-me-up but two Victorian breweries have gone a step further by putting coffee in special breakfast brews.

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