FINANCIAL NEWS
The Overnight Report: Stagflation?
Last night’s data revealed slower US economic growth than forecast and higher inflation. S&P500 down -0.5%. (Available for non-subscribers after 10am)
8:57 AM
ASX Winners And Losers Of Today – 24-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 24 2024
Australian Broker Call *Extra* Edition – Apr 24, 2024
Extra Edition of the Broker Call Report
Apr 24 2024
Morgans rates NAB as Hold
National Australia Bank reports 1H results on May 2 and Morgans is around 3% ahead of consensus in forecasting a largely flat 1H cash earnings result of $3.65bn. A flat dividend of 84cps is also expected.
The Hold rating is maintained given the broker is cautious on competitive intensity, cost growth and potential for a weaker economy to weigh on the bank's cyclically exposed business banking division. The target falls to $29.97 from $30.02.
Morgan Stanley rates RMD as Overweight
ResMed's 3Q gross profit margin of 58.5% was a 160bps rise on the previous quarter, eclipsing forecasts by Morgan Stanley and consensus for rises of 90bps and 100bps, respectively, due to improvement in freight and manufacturing.
Due to strength in margins and a lower interest expense, explains the broker, diluted EPS rose by 27% to US$2.13 compared to forecast rises of 10% and 8% by consensus and the analyst, respectively.
The highlight, according to Morgan Stanley, was US device sales growth of 7.3% on the previous corresponding period, compared to estimates by consensus and the broker of 5% and 3%, respectively, indicating a limited negative impact from obesity drugs.
Management provided no FY24 guidance or outlook commentary.
Overweight rating. Target $31.80. Industry View: In-Line.
Macquarie rates SLR as Neutral
Silver Lake Resources had already released production and sales number but March Q costs were 15% better than Macquarie had forecast.
The strong performance of the Australian operations sees sales for the first three quarters at 85% of the sales guidance mid-point and 81% of the top end of guidance, positioning the miner well to beat FY24 guidance.
Completion of the merger with Red 5 ((RED)) (expected completion in June 2024) is now the key catalyst, Macquarie notes.
Neutral and $1.40 target retained.
Click here to see full report 
ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
To display the stock analysis for a company please enter the company code:
ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
|
$28.54 24 Apr |
OPEN $28.69 |
HIGH $28.75 |
2,468,989 LOW $28.49 |
0.070| TARGET | |||
| $27.975 -2.0% downside | |||
| Franking for last dividend paid out: 56% |
| Title | FY22 Actual |
FY23 Actual |
FY24 Forecast |
FY25 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | N/A | 221.7 | xxx |
| DPS (cps) | xxx | N/A | 162.8 | xxx |
| EPS Growth | xxx | N/A | N/A | xxx |
| DPS Growth | xxx | N/A | N/A | xxx |
| PE Ratio | xxx | N/A | 12.9 | xxx |
| Dividend Yield | xxx | N/A | 5.7% | xxx |
| Div Pay Ratio(%) | xxx | N/A | 73.4% | xxx |
DAILY FINANCIAL NEWS
Brambles’ Divisive March Quarter
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024 - Australia
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024 - Australia
The New Criterion’s Tim Boreham uncovers the potential of 4D Medical in the USA
Apr 23 2024 - Small Caps
Companies are expected to ramp up their psychosocial safety strategies following a slew of legislation and legal precedents and ahead of new disclosure standards
Apr 22 2024 - ESG Focus
Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements
Apr 20 2024 - Australia
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments
Apr 19 2024 - Australia
PR NEWSWIRE
Ezytask Revolutionizes Task Management By Combating Procrastination
12:30 AM - PR NewsWire
DECODE Group Successfully Secures U.S. Financial Services License, Strengthening Global Financial Market Position
Apr 25 2024 - PR NewsWire
Spark Education Launches Its First Offline Learning Center in Australia, Expanding Its Influence as a World-leading STEM Education Provider
Apr 24 2024 - PR NewsWire
ARKANCE ANZ AND TECHNOLOGY CORE PARTNER TO EXTEND INTERACTIVE BIM VISUALISATION CAPABILITIES FROM SITE TO BOARDROOM AND BEYOND.
Apr 24 2024 - PR NewsWire
UST Strengthens Presence in the Australian Market with Strategic Acquisition of Leading Consulting Firm Strativity Group
Apr 24 2024 - PR NewsWire
LIFE360 ENHANCES FAMILY SAFETY APP WITH LAUNCH OF NEW FEATURES AND TIERED MEMBERSHIP BENEFITS IN AUSTRALIA AND NEW ZEALAND
Apr 24 2024 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: A Market Narrative Delayed
In this week's Weekly Insights: -A Market Narrative Delayed-Conviction Calls & Best Buys-Rudi Unplugged – The Video By Rudi Filapek-Vandyck,…
Apr 24 2024
DAILY MARKET REPORTS
The Overnight Report: Stagflation?
Last night’s data revealed slower US economic growth than forecast and higher inflation. S&P500 down -0.5%. (Available for non-subscribers after 10am)
8:57 AM
ASX Winners And Losers Of Today – 24-04-24
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Apr 24 2024
Australian Broker Call *Extra* Edition – Apr 24, 2024
Extra Edition of the Broker Call Report
Apr 24 2024
The Overnight Report: Back To Business
With Middle East tensions now eased, Wall Street can concentrate on earnings results. S&P500 up 1.2%. (Available for non-subscribers after 10am)
Apr 24 2024
WEEKLY REPORTS
Uranium Week: From Russia Without Love
A global conference kept the uranium spot market quiet last week, but concerns continue to fester as to just when sanctions will be placed on Russian imports
Apr 23 2024
Weekly Update On LICs & LITs – 23-Apr-2024
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Apr 23 2024
Australian Listed Real Estate Tables – 22-04-2024
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Apr 22 2024
Weekly Ratings, Targets, Forecast Changes – 19-04-24
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Apr 22 2024
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-04-24
A summary of the highlights from Broker Call Extra updates throughout the week past
Apr 19 2024
Weekly Top Ten News Stories – 19 April 2024
Our top ten news stories from 11 April 2024 to 18 April 2024
Apr 19 2024
Next Week At A Glance – 22-26 Apr 2024
A brief look at important company events and economic data releases next week
Apr 19 2024
In Brief: Made In Australia, Insurance & Groceries
Weekly Broker Wrap: beneficiaries of the Future Made in Australia Act; rising excesses for general insurers; plus impacts of grocery market inquiry
Apr 19 2024
The Short Report – 18 Apr 2024
FNArena’s weekly update on short positions in the Australian share market
Apr 18 2024
THE MARKETS
-
Australia
26 April 2024 Updated : 09:12 AEDT
SPI Overnight
7616.00
-26.00
-0.34%
NZ50
11930.930
-15.500
-0.130%
All Ordinaries
7937.50
-0.40
-0.01%
S&P ASX 200
7683.00
-0.50
-0.01%
S&P ASX 300
7633.40
-1.70
-0.02%
Communication Services
1509.20
-4.60
-0.30%
Consumer Discretionary
3413.80
-8.20
-0.24%
Consumer Staples
11982.00
+35.10
0.29%
Energy
10354.10
+18.70
0.18%
Financials
7235.60
+25.20
0.35%
Health Care
41927.90
+0.90
0.00%
Industrials
7004.40
-39.00
-0.55%
Info Technology
2162.20
-7.50
-0.35%
Materials
18132.00
-25.60
-0.14%
Real Estate
3522.90
-8.00
-0.23%
Utilities
8723.70
-51.90
-0.59%
A-REITs
1600.00
-3.20
-0.20%
All Technology Index
3008.10
+0.60
0.02%
Banks
3002.10
+13.30
0.44%
Gold Index
7588.30
+81.60
1.09%
Metals & Mining
5965.20
-7.10
-0.12%
-
World
26 April 2024 Updated : 09:12 AEDT
CAD/USD
0.7323
+0.00
0.18%
EUR/JPY
166.93
+0.01
0.01%
EUR/USD
1.0730
+0.00
0.04%
GBP/USD
1.2510
0.00
-0.01%
USD/JPY
155.58
-0.04
-0.02%
-
Aus Stocks
26 April 2024 Updated : 09:12 AEDT
Amcor (US)
8.95
-0.11
-1.21%
Newmont (US)
43.41
+4.81
12.46%
Rio Tinto (UK)
5364.23
-85.77
-1.57%
BHP Group (US)
57.21
-2.03
-3.43%
Rio Tinto (US)
67.78
-0.36
-0.53%
ResMed (US)
183.42
-0.36
-0.20%
South32 (UK)
169.60
-2.20
-1.28%
James Hardie (US)
34.95
-0.22
-0.63%
Janus Henderson (US)
31.28
-0.34
-1.08%
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CALENDAR
Friday, 26 April 2024
NZ consumer confidence, Apr AU PPI, Q1 JP BoJ policy meeting US PCE inflation, Mar US UMich consumer sentiment, Apr (final) NEM earnings report RMD earnings report Monday, 29 April 2024
JP markets closed ACF ex-div 2.85c (100%) MP1 quarterly report SDR quarterly report SGP quarterly report ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$34.19
CSL CSL LIMITED 
$278.45
REA REA GROUP LIMITED
$180.22
TNE TECHNOLOGY ONE LIMITED
$16.12
WOW WOOLWORTHS GROUP LIMITED
$32.07
WEEKLY PDF
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WEEK 16
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FNARENA TALKS
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FNARENA WINDOWS
Window on TRANSPORTATION & LOGISTICS
Brambles’ Divisive March Quarter
A negative reaction to Brambles’ March quarter update suggests more was expected, but brokers, while split, are mostly positive
Apr 24 2024
Window on PAPER & PACKAGING
Orora Awaiting The End Of Destocking
Packaging business Orora continues to struggle in the near term, but brokers agree the company’s prospects in the longer term do look promising
Apr 24 2024
Window on URANIUM
Uranium Week: From Russia Without Love
A global conference kept the uranium spot market quiet last week, but concerns continue to fester as to just when sanctions will be placed on Russian imports
Apr 23 2024
SMSFUNDAMENTALS
SMSFundamentals: Inflation Beats Covid, Markets As Retirement Influencer
Australians have become less comfortable with their plans for retirement, and inflation is to blame
Nov 29 2023