Week 48 of 2012
The markets side stepped their way through week 48 with the Dow closing just 16pts higher than last week at 13025 – but still above the 13k level. The FTSE 100 fared better, closing up 53pts at 5867.
With November out of the way – investors will be wondering whether a Santa rally is around the corner? With the DOW still a decent 700pts off 2012 highs, there’s room to have some seasonal flair without being accused of being over optimistic. Unfortunately – US fiscal cliff talks are likely to dictate the markets appetite near term so watch out for glimmers of progress. With the clock ticking, something has to give soon.
A virtual portfolio has been set up using the 2011 final trading day close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. 2 newspaper top tens for 2012 have been included to help monitor/compare against.
Week 48 stock picks summary:
The more conservative stock picks continue to dominate the share pick performances. The higher risk commodities had another shot of reality when small cap FOGL released uncommercial results from its Falkland Island Drill.
Next up, should be New World Oil & Gas (NEW) and also Premier/Antrim with results from their current drills.
GKP’s CEO appears in court for circa 2 to 3 weeks and will no doubt be the focus of the english press who like a gossip/headline story. Kurdistan investors will have one eye on the case and one eye on the Erbil conference. Also, WZR (Western Zagros) will be in the spot light as results are due from their K-2 well.
The independent stock picks for 2012 continues to fly sky high. Bigger changer on the week was the Tempus Times times helped by the near 50% climb in ‘Invensys’ after the company announced asset sales plans and a large cash back for investors.
With 4 weeks left – it would take a brave person to bet against the winner this year, but the real race of interest looks to be for second place. Will Thesharehub’s B-list picks overtake the TempusTimes?
Current standings / Week 48 Results
1. The Independent 2012 +44.16% (weekly gain of 0.09%)
2. Tempus Times 2012 +9.33% (weekly gain of 4.84%)
3. Thesharehub’s ‘B’ List 2012 +8.56% (weekly loss of 0.63%)
4. Thesharehub’s 2012 Hotlist -6.95% (weekly loss of 1.98%)