FINANCIAL NEWS

Upside For BlueScope

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

10:51 AM


Uranium Week: Finally, An Uptick

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

10:00 AM


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.

8:47 AM


Today’s Financial Calendar

Significant Scheduled Events For 23 May, 2017

8:15 AM


Material Matters: Coal, Iron Ore & Platinum

A glance through the latest expert views and predictions about commodities. Coal; high-grade iron ore & steel; platinum & palladium; alumina & aluminium.

May 22 2017


Morgans rates CAT as Add

Morgans revises estimates to reflect recent acquisitions, the appointment of a new CEO and several forecasting scenario changes. Most of the changes involve increases to non-cash charges.

The main change stems from the first-time inclusion of the cost of share-based remuneration. The broker retains a positive view on the stock and an Add recommendation. Target drops to $2.99 from $4.43.

UBS rates FPH as Neutral

Headline results were slightly ahead of UBS estimates. FY18 guidance for net profit of NZ$180-190m is below expectations.

Neutral rating retained. Target is NZ$9.85.

Macquarie rates HVN as Upgrade to Neutral from Underperform

Comparables sales growth of Australian franchisees for the four months to April was up 4.8%, which implies comparables sales growth of around 2.3% over March and April. Macquarie compares this with the 7.4% recorded over January and February.

The slowdown in sales momentum was expected, as the benefit from the closing of Dick Smith rolls off and housing-related indicators continue to moderate.

Macquarie upgrades to Neutral from Underperform. The broker still believes there are risks building which will become a headwind for the company but there is enough caution factored into the share price. Target is reduced to $4.50 from $5.05.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

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DAILY FINANCIAL NEWS

Upside For BlueScope

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

10:51 AM - Technicals


A glance through the latest expert views and predictions about commodities. Coal; high-grade iron ore & steel; platinum & palladium; alumina & aluminium.

May 22 2017 - Commodities


Origin Energy has completed the sale of its Darling Downs pipeline, accumulating more than $1bn in proceeds from asset sales so far, and brokers assess the company’s progress in redefining its position in the energy market.

May 22 2017 - Australia


Craig Parker of Moat Capital notes the ASX200 is in a technical downtrend and dependent on Wall Street from here.

May 22 2017 - Technicals


Brokers suspect investors will require patience when it comes to James Hardie as the company once again disappoints with its FY17 result.

May 19 2017 - Australia


An aftermarket guidance upgrade from new world advertising and promotion provider Appen has brokers scrambling to upgrade forecasts.

May 19 2017 - Small Caps


RUDI'S VIEWS

Mayday, Mayday For Mainstream Stocks

In this week's Weekly Insights: -Mayday, Mayday For Mainstream Stocks -All-Weather Model Portfolio: Setting The Record Straight -No Weekly Insights…

May 10 2017

DAILY MARKET REPORTS

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.

8:47 AM


Today’s Financial Calendar

Significant Scheduled Events For 23 May, 2017

8:15 AM


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


Today’s Financial Calendar

Significant Scheduled Events For 22 May, 2017

May 22 2017


The Overnight Report: Buying Opportunity

It is unclear how the whole saga will play out, but it’s hard to ignore cheaper tech stocks. Dow up 56.

May 19 2017


Today’s Financial Calendar

Significant Scheduled Events For 19 May, 2017

May 19 2017


The Overnight Report: Wall Street Cracks

Global markets could no longer ignore the escalating scandal in Washington from yesterday, tumbling across the globe and culminating in a Wall Street plunge. Dow down -372.

May 18 2017


WEEKLY REPORTS

Uranium Week: Finally, An Uptick

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

10:00 AM

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

Share Buybacks – Who’s Doing It?

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

May 17 2017


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THE MARKETS

    Click item/line to change chart

  • Australia

    23 May 2017   Updated : 11:21   AEDT

    SPI Overnight (Jun)

    5794.00

    +12.00

    0.21%

    All Ordinaries

    5822.60

    +11.40

    0.20%

    S&P ASX 200

    5780.10

    +8.90

    0.15%

    S&P ASX 300

    5725.40

    +9.30

    0.16%

    Consumer Discretionary

    2214.20

    +27.30

    1.25%

    Consumer Staples

    9365.20

    +23.10

    0.25%

    Energy

    9548.40

    -8.40

    -0.09%

    Financials

    6437.20

    -13.90

    -0.22%

    Health Care

    23102.10

    +226.10

    0.99%

    Industrials

    5718.70

    +30.30

    0.53%

    Info Technology

    878.60

    +5.30

    0.61%

    Materials

    9910.30

    -14.90

    -0.15%

    Telecommunication

    1564.30

    +3.40

    0.22%

    Utilities

    9079.00

    +44.10

    0.49%

  • Asia

    23 May 2017   Updated : 11:21   AEDT

    NZ50

    7405.590

    -3.910

    -0.050%

    Nikkei 225

    19678.29

    +0.01

    0.00%

    Hang Seng

    25391.34

    +216.47

    0.86%

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  • Australasia

    23 May 2017   Updated : 11:21   AEDT

    AUD/USD

    0.7473

    0.0000

    0.0000%

    AUD/NZD

    1.0681

    -0.0004

    -0.0400%

    NZD/USD

    0.6996

    +0.0003

    0.0400%

    AUD/JPY

    83.01

    -0.17

    -0.21%

    SGD/AUD

    0.96

    -0.00

    -0.28%

    AUD/EUR

    0.6646

    -0.0004

    -0.0600%

    AUD/GBP

    0.5757

    +0.0008

    0.1400%

  • World

    23 May 2017   Updated : 11:21   AEDT

    CAD/USD

    0.7412

    +0.0010

    0.1400%

    EUR/JPY

    124.86

    -0.22

    -0.18%

    EUR/USD

    1.1242

    +0.0003

    0.0300%

    GBP/USD

    1.2976

    -0.0022

    -0.1700%

    USD/JPY

    111.07

    -0.23

    -0.20%

    Click item/line to change chart

  • World

    23 May 2017   Updated : 07:36   AEDT

    FTSE100

    7496.34

    +25.63

    0.34%

    DAX30

    12619.46

    -19.23

    -0.15%

    DJIA

    20894.83

    +89.99

    0.43%

    S&P500

    2394.02

    +12.29

    0.52%

    Nasdaq Comp

    6133.62

    +49.92

    0.82%

    S&P500 VIX

    10.93

    -1.11

    -9.22%

    US 10-year yield

    2.250

    +0.010

    0.450%

    USD Index

    96.97

    -0.15

    -0.15%

  • Aus Stocks

    23 May 2017   Updated : 07:35   AEDT

    BHP (UK)

    1215.50

    +0.50

    0.04%

    Rio (UK)

    3211.00

    +43.50

    1.37%

    BHP (US)

    36.89

    +0.18

    0.49%

    Rio (US)

    42.13

    +0.75

    1.81%

    ResMed (US)

    69.51

    +1.11

    1.62%

    South32 (UK)

    61673.49

    -965.82

    -1.54%

    James Hardie (US)

    15.10

    -0.07

    -0.46%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    23.36

    +0.13

    0.56%

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  • Spot Metals & Minerals

    23 May 2017   Updated : 07:40   AEDT

    Gold (oz)

    1260.40

    +4.80

    0.38%

    Silver (oz)

    17.15

    +0.32

    1.90%

    Copper (lb)

    2.5738

    +0.0065

    0.2500%

    Aluminium (lb)

    0.8782

    -0.0023

    -0.2600%

    Lead (lb)

    0.9419

    -0.0033

    -0.3500%

    Nickel (lb)

    4.2418

    +0.0189

    0.4500%

    Zinc (lb)

    1.1799

    +0.0071

    0.6100%

    Copper (t)

    5674.00

    +14.00

    0.25%

    Aluminium (t)

    1936.00

    -5.00

    -0.26%

    Lead (t)

    2077.00

    -7.00

    -0.34%

    Nickel (t)

    9352.00

    +42.00

    0.45%

    Zinc (t)

    2601.00

    +16.00

    0.62%

    Iron Ore (t)

    62.70

    +1.00

    1.62%

    Uranium (lb) weekly

    21.50

    +0.25

    1.18%

  • Energy Futures

    23 May 2017   Updated : 07:35   AEDT

    West Texas Crude (Jun)

    50.73

    +0.22

    0.44%

    Brent Crude (Jul)

    53.76

    -0.03

    -0.06%

    Henry Hub NatGas (Jun)

    3.32

    +0.07

    2.15%

CALENDAR

Tuesday, 23 May 2017
EZ Germany IFO business sentiment, May
US new home sales, Apr
US Richmond Fed manufacturing index, May
CGF AGM
CKF earnings result
OFX earnings result
PEP AGM
SKI AGM
TNE earnings result
WPL investor briefing
WPP AGM
Wednesday, 24 May 2017
AU construction work done, Q1

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.26

ARB ARB CORPORATION LIMITED

$16.57

CSL CSL LIMITED

$131.56

IVC INVOCARE LIMITED

$15.04

RHC RAMSAY HEALTH CARE LIMITED

$70.79

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 STEEL & SCRAP

Upside For BlueScope

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

10:51 AM


Window on URANIUM

Uranium Week: Finally, An Uptick

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

10:00 AM


Window on MINING

Material Matters: Coal, Iron Ore & Platinum

A glance through the latest expert views and predictions about commodities. Coal; high-grade iron ore & steel; platinum & palladium; alumina & aluminium.

May 22 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