Market tips: farming is better than flying


Market tips: farming is better than flying

Play all audios:


Global stocks were mixed on Wednesday as investors fretted over China's monetary tightening and disappointing corporate earnings results. Experts told CNBC that agricultural commodities


look attractive, while airline stocks should be avoided. BULLISH ON COMMODITIES Wayne Gorden, senior analyst at Rabobank says the outlook for agricultural commodities remains bullish


long-term. AVOID AIRLINE STOCKS FOR NOW Todd Kerslake, investment advisor at RBS Morgans says he is happy to remain invested in Qantas but he would avoid the airline sector for now as there


are other areas to invest in. EARNINGS TO DRIVE EQUITIES Chris Stott, equity analyst at Wilson Asset Management says the bar is set pretty high for fourth-quarter numbers and share prices


will be driven by earnings growth. ALL EYES ON US EARNINGS Colin Whitehead, analyst at Fat Prophet says market sentiment is led by U.S. earnings, in particular numbers out of major banks.


BET YOUR MONEY ON HSBC, STANCHART Mainland banks will come under selling pressure in Hong Kong on Wednesday, but not HSBC and Standard Chartered, predicts Alex Wong, director of asset


management at Ample Capital. DOLLAR MAY FIND SUPPORT BY END OF Q1 David Mann, FX strategist global markets at Standard Chartered Bank, expects to see some dollar support come through by the


end of the first quarter. AUSSIE AT 81 YEN A GREAT BUY China's policy tightening is good news for the Australian economy and its currency going forward, says Ed Ponsi, president at


FXEducator.com. He suggests buying the Australian dollar at 81 yen.