FINANCIAL NEWS

The Overnight Report: Breaking The Barriers

What’s the worry? The Dow is back over 21,000 and the S&P is back over 2400. Dow up 74.

9:06 AM


Today’s Financial Calendar

Significant Scheduled Events For 25 May, 2017

8:15 AM


Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

May 24 2017


Technology One Surprises In The Cloud

Technology One surprised brokers in its first half result, posting a maiden profit in cloud business and weakness in its more established consulting business.

May 24 2017


Of Banks And Trump

Peter Switzer of the Switzer Super Report provides his thoughts on the outlook for Australia’s big banks and on the controversy surrounding the president.

May 24 2017


Deutsche Bank rates ALQ as Buy

ALS reported earnings in line with guidance. A recovery in demand in minerals testing meant the Commodities division posted a stronger than forecast result, but this was offset by softness in Life Sciences.

The broker ackowledges Life Sciences softness in the Americas but still believes this to be a stable business. Meanwhile management suggested a consensus forecast of 25% earnings growth in FY18 is reasonable. On strong growth, a high total shareholder return and undemanding valuation compared to global peers, the broker retain Buy.

Target rises to $7.41 from $7.34.

Morgan Stanley rates CBA as Underweight

Morgan Stanley notes APRA will release an information paper on capital requirements in the near future and believes the probability of a bear case is materially higher than the bull case and, in this regard, Commonwealth Bank will be more affected than peers by the changes.

The broker suspects this could drive a change in its capital management strategy. Commonwealth Bank has the lowest CET1 ratio and the lowest mortgage risk weightings of the major banks.

Underweight. Target is $70. Industry view is In-Line.

Macquarie rates WPL as Neutral

Macquarie believes the proposal for Browse tolling through the North West Shelf and Pluto expansion projects could potentially lift production in the 2020s but more work needs to be done to underpin this.

The broker believes the Pluto expansion is likely, given the upside, but remains cautious about third-party tolling because of the need for unanimous consent among the joint-venture partners. Neutral maintained. Target rises to $31.50 from $30.00.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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DAILY FINANCIAL NEWS

Technology One Surprises In The Cloud

Technology One surprised brokers in its first half result, posting a maiden profit in cloud business and weakness in its more established consulting business.

May 24 2017 - Australia


Of Banks And Trump

Peter Switzer of the Switzer Super Report provides his thoughts on the outlook for Australia’s big banks and on the controversy surrounding the president.

May 24 2017 - FYI


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Citi believes Stockland is offering a more attractive valuation than Mirvac Group in the property developer space.

May 24 2017 - Treasure Chest


Suncorp continues to skew its banking business away from investor and interest-only loans, revealing weak lending growth in retail in the March quarter offset by very low loan losses.

May 24 2017 - Australia


Fisher & Paykel Healthcare posted a strong FY17 result, albeit overshadowed by litigation, and brokers remain confident of continued success with new products and market expansion.

May 23 2017 - Australia


Michael Gable of Fairmont Equities suggests BlueScope Steel is positioned for a break-up.

May 23 2017 - Technicals


RUDI'S VIEWS

May, The Month Of Downgrades

In this week's Weekly Insights: -May, The Month Of Downgrades -Conviction Calls: Citi, UBS, Macquarie, Morgans and CS -Shifting Grounds…

May 24 2017

DAILY MARKET REPORTS

The Overnight Report: Breaking The Barriers

What’s the worry? The Dow is back over 21,000 and the S&P is back over 2400. Dow up 74.

9:06 AM


Today’s Financial Calendar

Significant Scheduled Events For 25 May, 2017

8:15 AM


The Overnight Report: Grinding Back

Wall Street continues to regain the ground lost in last week’s Trump scare, with little fanfare. Dow up 43.

May 24 2017


Today’s Financial Calendar

Significant Scheduled Events For 24 May, 2017

May 24 2017


The Overnight Report: Getting Defensive

Defence stocks led Wall Street higher last night thanks to Trump’s arms deal with the Saudis. Dow up 89.

May 23 2017


Today’s Financial Calendar

Significant Scheduled Events For 23 May, 2017

May 23 2017


The Monday Report

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

May 22 2017


WEEKLY REPORTS

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

May 24 2017

Uranium Week: Finally, An Uptick

The spot uranium price ticked up last week for the first time in almost two months.

May 23 2017

Australian Listed Real Estate Tables

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

May 22 2017


Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

May 22 2017

Weekly Top Ten News Stories

Our top ten news stories from 11 May 2017 to 18 May 2017

May 19 2017

Next Week At A Glance

A brief look at important company events and economic data releases next week.

May 19 2017


The Wrap: Banks, Malls & Health Insurers

Weekly Broker Wrap: equity strategy; bank levy; mortgage brokers; diversified financials; shopping centres; private health insurers; GUD Holdings and NetComm Wireless.

May 19 2017

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

May 18 2017

The Short Report

FNArena’s weekly update on short positions in the Australian share market.

May 18 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    25 May 2017   Updated : 09:41   AEDT

    SPI Overnight (Jun)

    5786.00

    +12.00

    0.21%

    All Ordinaries

    5811.50

    +8.70

    0.15%

    S&P ASX 200

    5769.00

    +8.80

    0.15%

    S&P ASX 300

    5714.50

    +8.30

    0.15%

    Consumer Discretionary

    2203.50

    +5.00

    0.23%

    Consumer Staples

    9406.80

    +68.20

    0.73%

    Energy

    9620.80

    +39.90

    0.42%

    Financials

    6415.40

    -1.00

    -0.02%

    Health Care

    23136.80

    +146.70

    0.64%

    Industrials

    5755.40

    +66.40

    1.17%

    Info Technology

    887.40

    +3.70

    0.42%

    Materials

    9807.80

    -71.20

    -0.72%

    Telecommunication

    1571.00

    +11.20

    0.72%

    Utilities

    9008.80

    -70.10

    -0.77%

  • Asia

    25 May 2017   Updated : 09:41   AEDT

    NZ50

    7430.000

    +8.220

    0.110%

    Nikkei 225

    19742.98

    +129.70

    0.66%

    Hang Seng

    25428.50

    +25.35

    0.10%

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  • Australasia

    25 May 2017   Updated : 09:41   AEDT

    AUD/USD

    0.7499

    -0.0002

    -0.0300%

    AUD/NZD

    1.0644

    -0.0002

    -0.0200%

    NZD/USD

    0.7045

    +0.0001

    0.0100%

    AUD/JPY

    83.67

    -0.01

    -0.01%

    SGD/AUD

    0.96

    +0.00

    0.02%

    AUD/EUR

    0.6681

    -0.0005

    -0.0700%

    AUD/GBP

    0.5778

    -0.0004

    -0.0700%

  • World

    25 May 2017   Updated : 09:41   AEDT

    CAD/USD

    0.7453

    -0.0001

    -0.0100%

    EUR/JPY

    125.23

    +0.11

    0.09%

    EUR/USD

    1.1223

    +0.0008

    0.0700%

    GBP/USD

    1.2974

    +0.0005

    0.0400%

    USD/JPY

    111.58

    +0.02

    0.01%

    Click item/line to change chart

  • World

    25 May 2017   Updated : 07:41   AEDT

    FTSE100

    7514.90

    +29.61

    0.40%

    DAX30

    12642.87

    -16.28

    -0.13%

    DJIA

    21012.42

    +74.51

    0.36%

    S&P500

    2404.39

    +5.97

    0.25%

    Nasdaq Comp

    6163.02

    +24.31

    0.40%

    S&P500 VIX

    10.02

    -0.70

    -6.53%

    US 10-year yield

    2.270

    -0.020

    -0.870%

    USD Index

    97.05

    -0.32

    -0.33%

  • Aus Stocks

    25 May 2017   Updated : 07:40   AEDT

    BHP (UK)

    1212.00

    +11.00

    0.92%

    Rio (UK)

    3175.50

    -17.00

    -0.53%

    BHP (US)

    36.49

    -0.17

    -0.46%

    Rio (US)

    41.50

    -0.36

    -0.86%

    ResMed (US)

    69.93

    +0.33

    0.47%

    South32 (UK)

    63257.36

    +594.88

    0.95%

    James Hardie (US)

    14.98

    +0.03

    0.20%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    22.96

    -0.14

    -0.61%

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  • Spot Metals & Minerals

    25 May 2017   Updated : 08:41   AEDT

    Gold (oz)

    1258.60

    +7.90

    0.63%

    Silver (oz)

    17.22

    +0.17

    1.00%

    Copper (lb)

    2.5607

    -0.0147

    -0.5700%

    Aluminium (lb)

    0.8791

    -0.0009

    -0.1000%

    Lead (lb)

    0.9341

    -0.0070

    -0.7400%

    Nickel (lb)

    4.1133

    -0.1044

    -2.4800%

    Zinc (lb)

    1.1870

    -0.0041

    -0.3400%

    Copper (t)

    5645.00

    -32.00

    -0.56%

    Aluminium (t)

    1938.00

    -2.00

    -0.10%

    Lead (t)

    2059.00

    -15.00

    -0.72%

    Nickel (t)

    9068.00

    -230.00

    -2.47%

    Zinc (t)

    2617.00

    -9.00

    -0.34%

    Iron Ore (t)

    59.30

    -2.60

    -4.20%

    Uranium (lb) weekly

    21.50

    +0.25

    1.18%

  • Energy Futures

    25 May 2017   Updated : 07:40   AEDT

    West Texas Crude (Jul)

    51.33

    -0.16

    -0.31%

    Brent Crude (Jul)

    53.92

    -0.23

    -0.42%

    Henry Hub NatGas (Jun)

    3.20

    -0.03

    -0.93%

CALENDAR

Thursday, 25 May 2017
UK GDP, Q1 (revision)
US trade balance, Apr
XX OPEC meeting
ABC AGM
ALL earnings result
ALQ investor day
AMP investor day
AWC AGM
BTT ex-dividend
SUN quarterly report
Friday, 26 May 2017
JP CPI, Apr
CH industrial profits, Apr (Saturday)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.33

ARB ARB CORPORATION LIMITED

$16.41

CSL CSL LIMITED

$133.11

IVC INVOCARE LIMITED

$14.96

RHC RAMSAY HEALTH CARE LIMITED

$70.24

WEEKLY PDF

Stories To Read From FNArena


WEEK 20

WEEK 19

WEEK 18

WEEK 15

WEEK 14

FNARENA TALKS


A Shallow Correction

May 05 2017

TPG, Telstra And BHP

Apr 13 2017

       

FNARENA WINDOWS

Window on IT & SUPPORT

Technology One Surprises In The Cloud

Technology One surprised brokers in its first half result, posting a maiden profit in cloud business and weakness in its more established consulting business.

May 24 2017


Window on INFRA & PROPERTY DEVELOPERS

Treasure Chest: Buy Stockland, Sell Mirvac

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Citi believes Stockland is offering a more attractive valuation than Mirvac Group in the property developer space.

May 24 2017


Window on BANKS

Upside For Suncorp From Regulatory Change

Suncorp continues to skew its banking business away from investor and interest-only loans, revealing weak lending growth in retail in the March quarter offset by very low loan losses.

May 24 2017


SMS FUNDAMENTALS

SMSFundamentals: How Do We Rate Financial Advice?

A recent survey has made some interesting findings on whether Australians seek financial advice and how that advice is valued.

Apr 11 2017


FEATURE STORIES

Australian Banks And The APRA Impact

How will further lending restrictions now imposed by APRA impact on bank earnings and the housing market?

Apr 05 2017