Obama will be speaking at the G20 Speech in St Petersburg, Russia on Syria this weekend and on the 10 September, he will be speaking at the white house. The latest non-farm payrolls released show a gain of 169,000 vs. consensus estimate of 175,000; falling short of 6,000. With the unemployed rate at 7.3%, still well above 7%, the FED will be under pressured on the reduced QE coming on the next FOMC meeting on 17 September. According to economics ' Philips Curve', the FED is trying to balance low unemployment rate as well as to control inflation rate. We do not want such a high inflation rate but a reasonable rate.
With regards to the Syria Strike, we strongly believe that an agreement will be reach and a war could be avoided to risk losing innocent life. Taking a look at the war in IRAQ, it lasted for 2003 to 2011and many life lost and government had spent a lot of money on it. It better-off deploying more resources on building infrastructure in the U.S.A to create job; growth and wealth for its citizens.
What to look out for next week? We reckon that the Straits Times Index will recover in the coming weeks on buy-in anticipation of Syria, QE tapering(FOMC).
Stocks to look out for next week(from expensive to cheapest)-
OUR TARGET CATAYLSTS
1 - COSCO CORP (Target $0.775) EXPECTS SLEW OF NEW ORDERS IN CHINA YARDS
2 - DATAPULSE (Target $0.24,0.25) FULL YEAR RESULTS DIVIDEND 2CENTS
3 - CSC Holding (Target $0.125,0.13) GOVERNMENT SPENDING ON INFRASTRUTURE
4 - MAGNUS ENERGY (Target $0.042,0.045) ENERGY MINNING PLAYS
5 - THAKRAL (Target $0.035) NEAR BREAKOUT LEVEL
6 - HLH (Target $0.025) BOTTOM FOUND AT $0.021-$0.022
7 - TELEDATA^ (Target $0.015) BOTTOM FOUND AT $0.013