+------------------------------------------------------------------------------+
Goldman Sees Tough 2014 For Miners on Excess Supply 2013-12-13 11:57:47.507 GMT
By Tim Barwell Dec. 13 (Bloomberg) -- Another tough year for stocks expected as commodities decline again due further supply growth, impact of cost reduction, productivity gains, Goldman says in note. * Goldman: Industry positioning will drive relative performance in 2014: growth, commodity exposure and cost position * Stocks with a combination of strong production growth in copper, oil will enable them to offset commodity price declines, outperform peers exposed to iron ore * Top Buy ideas: LUN (CL Buy), BOL (Buy) and FQM (Buy) * Top Sell ideas: RIO (CL Sell), Anglo (Sell) and KIO (Sell)
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Tim Barwell in London at +44-20-7073-3512 or tbarwell@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net