Daily Financial News

Cannabis stocks had a challenging year in 2019, but signs are emerging that a change of fortunes is in store for the sector and a number of listed cannabis companies already look to be turning the corner.

As BHP Group rides China’s steel production wave, brokers anticipate the first half result in February will provide an opportunity for the new CEO to outline priorities and opportunities.

Peter Switzer of the Switzer Report ponders the road ahead for the stock market in 2020.

Home to multiple multi-billion barrel oil discoveries, including the 25bn barrel Prudhoe Bay, US$250m is being ploughed into the North Slope of Alaska for exploration drilling this year, led by ConocoPhillips who is drilling eight wells.

A glance through the latest expert views and predictions about commodities. Oil; gold; thermal coal; and iron ore.

Super Retail has reported a fire and drought-related impact on its ‘outdoor’ division sales for the first half but several brokers question whether this curtailment of consumer activity has run its course.

Michael Gable of Fairmont Equities suggests higher highs are coming for the Fortescue Metals’ share price.

Minimal rain and major reductions in summer planting in Australasia have caused Nufarm to, again, make substantial reductions to earnings forecasts for the first half.

While Rio Tinto’s 2020 outlook remains buoyed by commodity prices, copper production guidance is lower than expected. The focus for brokers at the 2019 results in February will be shareholder returns.

Scarborough appears to be progressing but there was no update in the December quarter report regarding a gas agreement for Browse. Hence, delays feature in broker assessments of the outlook for Woodside Petroleum.