The August 2014 company reporting season is here and investors will be wondering which stocks are about to disappoint and which might deserve valuation upgrades. The domestic economy is patchy, making revenue growth difficult for domestically focused firms. Consumers are still fragile after the tough federal budget. Protracted A$ strength is hampering the transition of economic growth from resources investment to domestic investment. There are companies with offshore exposure to stronger growth, but few in value. Mining services companies are deeply in value but shareholders face a long wait for increased activity and better returns, while capital management by resources companies is in the mix following shareholders' rejection of Woodside's buyback. John Abernethy, Clime Asset Management and David Walker, StocksInValue give us the latest in the video: (VIEW LINK)