Market Tips: Oil to $70, Agriculture Hot
Global stocks were down Wednesday, weighed down by grim economic data and tech results from Infosys and ASML. Experts tell CNBC they see long-term potential in commodities and agriculture stocks, but not much in airline stocks.
Oil to $70 by Fourth-Quarter
Oil prices could average around $70 in the fourth-quarter, says Helen Henton, head of commodity research at Standard Chartered Bank. She shares her commodity price directions for 2009.
Upbeat on Commodities
The commodity market should look more positive in the second-half of the year, says Helen Henton, head of commodity research at Standard Chartered Bank.
Airlines Not Long-Term Investments
The airline industry is a trading opportunity, rather than a long-term investment, says Colin Whitehead, analyst at Fat Prophets. He tells CNBC this is because the sector is exposed to the cyclical nature of economy.
Bullish on Agriculture
The agriculture sector will be "on fire" this year and in the future, says Peter McGuire, MD of Commodity Warrants Australia. He tells CNBC that more food is always needed.
Great Value Opportunities in Asia
Asia is a great stock picker's market, says Greg Canavan, head of Australasian Research at Fat Prophets as he sees great value opportunities there. He reveals which are the best sectors to gain exposure to.
Sidestep HSBC
Alex Wong, director of asset management at Ample Capital will not chase after shares of HSBC even though he sees some upside momentum in that stock.