FINANCIAL NEWS

Strong Balance Sheet Underpins South32

South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.

Jul 21 2017


Weekly Top Ten News Stories

Our top ten news stories from 13 July 2017 to 20 July 2017

Jul 21 2017


Next Week At A Glance

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

Jul 21 2017


Don’t Chase CBA

The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.

Jul 21 2017


The Wrap: Rates, A-REITs And PNG LNG

Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm

Jul 21 2017


Credit Suisse rates FBU as Outperform

The company has revealed further contract losses and an asset impairment charge. While Credit Suisse finds this unwelcome, the impact of these cost over-runs are expected to pass, as and when the problematic projects are completed.

 Accordingly, the broker maintains an Outperform rating. Target is reduced to NZ$9.40 from NZ$9.80.

Deutsche Bank rates JHX as Buy

Deutsche Bank observes few surprises from the company's investor briefing.

Management has reiterated that its growth continues to outstrip market growth and believes there are further opportunities in market share gains and new products.

Deutsche Bank continues to rate the stock a Buy with a target of $22.39.

Citi rates S32 as Downgrade to Neutral from Buy

Operational challenges that have affected the company in FY17 have rolled into FY18 and Citi also retains a bearish outlook on the coal price.

Citi has downgraded coal-nickel and silver prices but upgraded aluminium prices. The target is reduced to $2.70 from $2.95 and as a result the broker downgrades to Neutral from Buy.

Click here to see full report

ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

RUDI ON TWITTER

FIND US ON
Facebooktwitter

DAILY FINANCIAL NEWS

Strong Balance Sheet Underpins South32

South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.

Jul 21 2017 - Australia


The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.

Jul 21 2017 - Technicals


Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.

Jul 20 2017 - Australia


Is It Time To Reassess Hawkish Expectations?

Kathleen Brooks of City Index previews tonight’s European Central Bank policy meeting.

Jul 20 2017 - International


Weak oil prices are undermining the performance of many stocks in the energy sector and several brokers have reduced their forecasts, noting oil prices may remain lower for longer.

Jul 20 2017 - Commodities


Several factors are behind the underperformance of A-REITs but brokers are discounting many of them and suggest the sector presents some opportunities.

Jul 19 2017 - Australia


RUDI'S VIEWS

Resources Stocks: More Than Meets The Eye

In this week's Weekly Insights: -Resources Stocks: More Than Meets The Eye -Franking Arbitrage In Programmed Take-Over -Conviction Calls: Citi,…

Jul 19 2017

DAILY MARKET REPORTS

The Overnight Report: Time Out

Wall Street took a breather last night having hit new highs on Wednesday. Dow down -28.

8:43 AM


Today’s Financial Calendar

Significant Scheduled Events For 21 July, 2017

8:15 AM


The Overnight Report: And Still The Records Tumble

Even the Nasdaq is now back in record territory. Dow up 66.

Jul 20 2017


Today’s Financial Calendar

Significant Scheduled Events For 20 July, 2017

Jul 20 2017


The Overnight Report: Goldman Sacked

A standout weak earnings result for Goldman Sachs led to the bulk of the Dow’s -54 point fall last night.

Jul 19 2017


Today’s Financial Calendar

Significant Scheduled Events For 19 July, 2017

Jul 19 2017


The Overnight Report: Awaiting Earnings

Wall Street was on hold last night ahead of the week’s major earnings reports and the ECB meeting on Thursday. Dow down -8.

Jul 18 2017


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 13 July 2017 to 20 July 2017

Jul 21 2017

Next Week At A Glance

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

Jul 21 2017

The Wrap: Rates, A-REITs And PNG LNG

Weekly Broker Wrap: RBA cash rates; Amazon & CPI; A-REITs; PNG LNG; Bell Potter initiates on Cyclopharm

Jul 21 2017


Australian Corporate Bond Price Tables

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

Jul 20 2017

The Short Report

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

Jul 20 2017

Share Buybacks – Who’s Doing It?

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

Jul 19 2017


Uranium Week: Up By The Stairs

The spot uranium price rose for a seventh consecutive week last week but again only incrementally.

Jul 18 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.

Jul 17 2017

Weekly Ratings, Targets, Forecast Changes

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

Jul 17 2017


RUDI ON TWITTER

FIND US ON
Facebooktwitter

THE MARKETS

    Click item/line to change chart

  • Australia

    22 July 2017   Updated : 17:56   AEDT

    SPI Overnight (Sep)

    5639.00

    -25.00

    -0.44%

    All Ordinaries

    5771.20

    -34.50

    -0.59%

    S&P ASX 200

    5722.80

    -38.70

    -0.67%

    S&P ASX 300

    5671.40

    -37.00

    -0.65%

    Consumer Discretionary

    2193.40

    +8.60

    0.39%

    Consumer Staples

    9126.00

    -52.90

    -0.58%

    Energy

    8783.00

    -95.20

    -1.07%

    Financials

    6608.30

    -47.60

    -0.72%

    Health Care

    22644.60

    -81.10

    -0.36%

    Industrials

    5600.70

    -46.80

    -0.83%

    Info Technology

    873.40

    -1.00

    -0.11%

    Materials

    9828.10

    -135.00

    -1.35%

    Telecommunication

    1449.80

    +0.80

    0.06%

    Utilities

    8371.90

    -103.20

    -1.22%

  • Asia

    22 July 2017   Updated : 20:56   AEDT

    NZ50

    7670.860

    -1.580

    -0.020%

    Nikkei 225

    20099.75

    -44.84

    -0.22%

    Hang Seng

    26706.09

    -34.12

    -0.13%

    Click item/line to change chart

  • Australasia

    22 July 2017   Updated : 22:26   AEDT

    AUD/USD

    0.7911

    -0.0046

    -0.5800%

    AUD/NZD

    1.0564

    -0.0185

    -1.7200%

    NZD/USD

    0.7451

    +0.0050

    0.6800%

    AUD/JPY

    87.99

    -1.00

    -1.12%

    SGD/AUD

    0.93

    +0.01

    0.73%

    AUD/EUR

    0.6792

    -0.0046

    -0.6700%

    AUD/GBP

    0.6092

    -0.0039

    -0.6400%

  • World

    22 July 2017   Updated : 22:26   AEDT

    CAD/USD

    0.7977

    +0.0036

    0.4500%

    EUR/JPY

    129.63

    -0.48

    -0.37%

    EUR/USD

    1.1659

    +0.0027

    0.2300%

    GBP/USD

    1.2993

    +0.0018

    0.1400%

    USD/JPY

    111.15

    -0.70

    -0.62%

    Click item/line to change chart

  • World

    22 July 2017   Updated : 07:38   AEDT

    FTSE100

    7452.91

    -34.96

    -0.47%

    DAX30

    12240.06

    -207.19

    -1.66%

    DJIA

    21580.07

    -31.71

    -0.15%

    S&P500

    2472.54

    -0.91

    -0.04%

    Nasdaq Comp

    6387.75

    -2.25

    -0.04%

    S&P500 VIX

    9.36

    -0.22

    -2.30%

    US 10-year yield

    2.230

    -0.030

    -1.330%

    USD Index

    93.97

    -0.30

    -0.32%

  • Aus Stocks

    22 July 2017   Updated : 07:37   AEDT

    BHP (UK)

    1305.50

    -9.50

    -0.72%

    Rio (UK)

    3353.00

    -32.50

    -0.96%

    BHP (US)

    38.79

    -0.42

    -1.07%

    Rio (US)

    44.14

    -0.40

    -0.90%

    ResMed (US)

    77.00

    -1.03

    -1.32%

    South32 (UK)

    64684.18

    -253.84

    -0.39%

    James Hardie (US)

    15.20

    -0.06

    -0.39%

    Telstra (US)

    24.80

    -0.02

    -0.08%

    Westpac (US)

    25.61

    -0.36

    -1.39%

    Click item/line to change chart

  • Spot Metals & Minerals

    22 July 2017   Updated : 07:36   AEDT

    Gold (oz)

    1254.50

    +10.50

    0.84%

    Silver (oz)

    16.50

    +0.19

    1.16%

    Copper (lb)

    2.7063

    +0.0206

    0.7700%

    Aluminium (lb)

    0.8561

    +0.0019

    0.2200%

    Lead (lb)

    1.0052

    +0.0112

    1.1300%

    Nickel (lb)

    4.3137

    -0.0355

    -0.8200%

    Zinc (lb)

    1.2440

    +0.0142

    1.1500%

    Copper (t)

    5966.00

    +45.00

    0.76%

    Aluminium (t)

    1887.00

    +4.00

    0.21%

    Lead (t)

    2216.00

    +25.00

    1.14%

    Nickel (t)

    9510.00

    -78.00

    -0.81%

    Zinc (t)

    2743.00

    +31.00

    1.14%

    Iron Ore (t)

    67.30

    0.00

    0.00%

    Uranium (lb) weekly

    20.35

    +0.10

    0.49%

  • Energy Futures

    22 July 2017   Updated : 07:36   AEDT

    West Texas Crude (Sep)

    45.60

    -1.32

    -2.81%

    Brent Crude (Sep)

    47.85

    -1.43

    -2.90%

    Henry Hub NatGas (Aug)

    2.96

    -0.07

    -2.31%

CALENDAR

Monday, 24 July 2017
JP flash mfg PMI, Jul
EZ flash mfg PMI, Jul
US existing home sales, Jun
US flash mfg PMI, Jul
NCM quarterly production report
WSA quarterly production report
Tuesday, 25 July 2017
JP Germany IFO business sentiment, Jul
JP minutes of BoJ meeting
US Case-Shiller house price index, May
US Conference Board consumer confidence, Jul
US FHFA house price index, May
US Richmond Fed manufacturing index, Jul

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.58

ARB ARB CORPORATION LIMITED

$15.60

CSL CSL LIMITED

$126.79

IVC INVOCARE LIMITED

$14.24

RHC RAMSAY HEALTH CARE LIMITED

$71.97

WEEKLY PDF

Stories To Read From FNArena


WEEK 29

WEEK 28

WEEK 27

WEEK 26

WEEK 25

FNARENA TALKS

       

FNARENA WINDOWS

Window on MINING

Strong Balance Sheet Underpins South32

South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.

Jul 21 2017


Window on BANKS

Don’t Chase CBA

The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.

Jul 21 2017


Window on REITS

NextDC Entangled In Push On Data Centre

Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.

Jul 20 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