FINANCIAL NEWS

The Overnight Report: Chips To The Rescue

A global perspective on what happened overnight

8:34 AM


Today’s Financial Calendar – 22-07-2026

Significant Scheduled Events For 22 July, 2026

8:15 AM


ASX Winners And Losers Of Today – 21-07-26

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Jul 21 2026


Material Matters: Deep Dive Into Lithium Pullback

A glance through the latest expert views and predictions about commodities: Despite weaker lithium prices and renewed supply concerns, leading brokers believe resilient demand, improving cash flow and attractive valuations continue to support the sector’s longer-term investment case

Jul 21 2026


Australian Broker Call *Extra* Edition – Jul 21, 2026

Extra Edition of the Broker Call Report

Jul 21 2026


Morgan Stanley rates CSL as Overweight

Following a review of the outlook for immunoglobulin and albumin, Morgan Stanley remains positive regarding CSL at current levels. EPS is estimated to slip -3% in FY26 and -2% in FY27.

The broker has eased near-term expectations for albumin growth in China, amid recent regulatory changes, while remaining positive on the outlook for immunoglobulin amid benefits from Horizon 1 and 2.

Morgan Stanley's review of VMX-C001 in FXa inhibitor reversal and increased fibrinogen Citi uptake in the US provides additional upside not reflected in current valuations.

Overweight. Target is reduced to $163 from $174. Industry View: In-Line.

Macquarie rates HUB as Outperform

Hub24's June quarter net inflows of $4.19bn missed both Macquarie's and consensus forecasts and were about 13.1% of FUM.

The analyst points out the result was in line with the same quarter last year, excluding large migrations. Net inflows were affected by the recent Budget tax changes and tax volatility. Market share rose to 9.9%-plus at March.

FUA at $139.5bn met the broker's forecast and was above consensus. Management offered no update on FY27 FUA target of $160bn–$170bn but did point out the platform operator is on track to launch a pilot of myHUB to specific clients in 1H27.

EPS forecasts are tweaked slightly. Target price rises to $97 from $96.25, previously. Outperform rated.

Citi rates IGO as Neutral

Citi believes recent share price weakness for Australian lithium stocks has become overdone, with investors increasingly pricing in a lithium surplus in 2027 following lower spodumene prices.

The broker instead forecasts a 2026 global lithium deficit and stronger Chinese demand from August.

It's felt the main risk is weaker demand, including the potential impact of China's proposed battery tax, while Zimbabwe's confirmed lithium export ban tightens the supply outlook.

PLS Group is preferred for its scale, low costs and growth, while IGO Ltd and Liontown are seen as fairly valued.

For IGO Ltd: Neutral; target $7.10.

Click here to see full report market arrow icon

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 PRICECHANGE +/-CHANGE %VOLUME

$36.13

20 Jul
2026

market green arrow 0.070

OPEN

$36.01

market green arrow 0.19%

HIGH

$36.45

2,921,887

LOW

$35.97

TARGET
$34.517-4.5% downside
Franking for last dividend paid out: 75%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
TitleFY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps)xxx 198.2 247.0xxx
DPS (cps)xxx 166.0 166.8xxx
EPS Growthxxx- 9.1% 24.6%xxx
DPS Growthxxx 0.0% 0.5%xxx
PE RatioxxxN/A 14.5xxx
Dividend YieldxxxN/A 4.7%xxx
Div Pay Ratio(%)xxx 83.8% 67.5%xxx

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@Filapek
Rudi Filapek-Vandyck@Filapek
11h
RBC Capital on NextDC $NXT: "Incrementally positive for NextDC with pro-forma contracted utilization at 30 Jun 2026 increasing by 73 MW (+11%) to 740 MW since the last update on 20 April 2026. "NXT's pro-forma order book has increased to 565 MW and is expected to progressively
@Filapek
Rudi Filapek-Vandyck@Filapek
13h
RBC Capital on Telix Pharmaceuticals $TLX: "TLX has delivered a strong 2Q result with prostate imaging dose volumes and realised pricing both higher than we expected. "The company has also upgraded its FY26 revenue and R&D guidance, which we expect will lead to consensus
@Filapek
Rudi Filapek-Vandyck@Filapek
15h
I could not stop laughing last night... real-time theatre of the purest kind... 😉 https://t.co/AkQFjhYBYL
@Filapek
Rudi Filapek-Vandyck@Filapek
15h
Moelis initiates coverage on Catapult $CAT with a Buy rating and $4.25/share target price#stockinfocus#XJO#equities#investing
@Filapek
Rudi Filapek-Vandyck@Filapek
1d
RBC Capital on South32 $S32 : "South32 (S32) has released its 4Q26/FY26 production report. FY26 production for its seven various commodities was broadly in line while copper (Sierra Gorda) was 2% below consensus. "FY26 unit costs are guided to be 10% above guidance at Sierra
@Filapek
Rudi Filapek-Vandyck@Filapek
1d
RBC BlueBay Asset Management: "Seasonally low liquidity raises the prospect of elevated market volatility should geopolitical and economic shocks reshape the broader macro backdrop in the weeks ahead. "Over the past couple of months, greed has been dominating fear in global
@Filapek
Rudi Filapek-Vandyck@Filapek
4d
RBC Capital on Regis Resources $RRL: "RRL has released FY27 guidance for production, All-In Sustaining Costs (AISC) and growth capex. FY27 production guidance of 360-400koz (380koz mid-point) is broadly flat vs FY26e and 3% below consensus of 392koz (-7% vs RBCe 408koz). "The
@Filapek
Rudi Filapek-Vandyck@Filapek
4d
Barclays on $BHP Group: "Scope for 70% payout, but close to peak multiples limits appeal "Solid finish to FY26 operationally and guidance in line with our forecasts sees minimal changes to earnings. "Good cashflow can underwrite a 70% payout ratio at the upcoming results, but
@Filapek
Rudi Filapek-Vandyck@Filapek
4d
This headline from Bloomberg captures today's media landscape perfectly: "Move over, sex. Conspiracy sells"
@Filapek
Rudi Filapek-Vandyck@Filapek
5d
RBC Capital on $BHP Group: "BHP has released its 4QFY26/FY26 update and provided production guidance for FY27. "FY26 Copper production of 1,953kt was in line with consensus of 1,973kt (RBCe 1,963kt). FY26 WAIO production of 291 Mt was also in line with consensus of 291 Mt (RBCe
FIND FNARENA ON

DAILY FINANCIAL NEWS

Material Matters: Deep Dive Into Lithium Pullback

A glance through the latest expert views and predictions about commodities: Despite weaker lithium prices and renewed supply concerns, leading brokers believe resilient demand, improving cash flow and attractive valuations continue to support the sector’s longer-term investment case

Jul 21 2026 - Commodities


Dalrymple Bay Infrastructure shares remain in an uptrend, reports Fairmont Equities’ Michael Gable, with support at the 50-day moving average reinforcing the positive outlook

Jul 21 2026 - Technicals


After a solid FY26, BHP’s FY27 production guidance has missed consensus across commodities with copper the standout on lower grades and maintenance

Jul 20 2026 - Commodities


Analysts believe Elevra Lithium’s funded North American expansion and the underappreciated Moblan project provide substantial long-term production growth

Jul 20 2026 - Commodities


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

Jul 18 2026 - Australia


FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Australian healthcare stocks

Jul 17 2026 - Treasure Chest


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RUDI'S VIEWS

Rudi’s View: Small Cap Favourites, AI & More

Freshly updated stock picked sector favourites, Best Buys and Conviction Calls in Australia

Jul 16 2026

DAILY MARKET REPORTS

The Overnight Report: Chips To The Rescue

A global perspective on what happened overnight

8:34 AM


Today’s Financial Calendar – 22-07-2026

Significant Scheduled Events For 22 July, 2026

8:15 AM


ASX Winners And Losers Of Today – 21-07-26

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Jul 21 2026


Australian Broker Call *Extra* Edition – Jul 21, 2026

Extra Edition of the Broker Call Report

Jul 21 2026


The Overnight Report: Markets In Limbo

A global perspective on what happened overnight

Jul 21 2026


Today’s Financial Calendar – 21-07-2026

Significant Scheduled Events For 21 July, 2026

Jul 21 2026


ASX Winners And Losers Of Today – 20-07-26

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Jul 20 2026


WEEKLY REPORTS

Weekly Update On LICs & LITs – 21-Jul-2026

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Jul 21 2026

Uranium Week: Pricing And Shares Disconnect

Australian uranium stocks have sold off sharply ahead of what is historically the sector’s strongest seasonal contracting period

Jul 21 2026

Australian Listed Real Estate Tables – 20-07-2026

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

Jul 20 2026


Weekly Ratings, Targets, Forecast Changes – 17-07-26

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

Jul 20 2026

Next Week At A Glance – 20-25 Jul 2026

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

Jul 17 2026

Weekly Top Ten News Stories – 17 July 2026

Our top ten news stories from 09 July 2026 to 16 July 2026

Jul 17 2026


In Case You Missed It – BC Extra Upgrades & Downgrades – 17-07-26

A summary of the highlights from Broker Call Extra updates throughout the week past

Jul 17 2026

In Brief: GQG, Caravel Minerals & SkinKandy

This week’s In Brief looks at an equity fund manager’s fall from grace and two recent IPOs which have analysts aflutter with enthusiasm

Jul 17 2026

The Short Report – 16 Jul 2026

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

Jul 16 2026


9.1K Followers
26.7K Posts
@Filapek
Rudi Filapek-Vandyck @Filapek
21h
RBC Capital on NextDC $NXT: "Incrementally positive for NextDC with pro-forma contracted utilization at 30 Jun 2026 increasing by 73 MW (+11%) to 740 MW since the last update on 20 April 2026. "NXT's pro-forma order book has increased to 565 MW and is expected to progressively
@Filapek
Rudi Filapek-Vandyck @Filapek
23h
RBC Capital on Telix Pharmaceuticals $TLX: "TLX has delivered a strong 2Q result with prostate imaging dose volumes and realised pricing both higher than we expected. "The company has also upgraded its FY26 revenue and R&D guidance, which we expect will lead to consensus
@Filapek
Rudi Filapek-Vandyck @Filapek
1d
I could not stop laughing last night... real-time theatre of the purest kind... 😉 https://t.co/AkQFjhYBYL
@Filapek
Rudi Filapek-Vandyck @Filapek
1d
Moelis initiates coverage on Catapult $CAT with a Buy rating and $4.25/share target price #stockinfocus #XJO #equities #investing
@Filapek
Rudi Filapek-Vandyck @Filapek
1d
RBC Capital on South32 $S32 : "South32 (S32) has released its 4Q26/FY26 production report. FY26 production for its seven various commodities was broadly in line while copper (Sierra Gorda) was 2% below consensus. "FY26 unit costs are guided to be 10% above guidance at Sierra
@Filapek
Rudi Filapek-Vandyck @Filapek
2d
RBC BlueBay Asset Management: "Seasonally low liquidity raises the prospect of elevated market volatility should geopolitical and economic shocks reshape the broader macro backdrop in the weeks ahead. "Over the past couple of months, greed has been dominating fear in global
@Filapek
Rudi Filapek-Vandyck @Filapek
4d
RBC Capital on Regis Resources $RRL: "RRL has released FY27 guidance for production, All-In Sustaining Costs (AISC) and growth capex. FY27 production guidance of 360-400koz (380koz mid-point) is broadly flat vs FY26e and 3% below consensus of 392koz (-7% vs RBCe 408koz). "The
@Filapek
Rudi Filapek-Vandyck @Filapek
4d
Barclays on $BHP Group: "Scope for 70% payout, but close to peak multiples limits appeal "Solid finish to FY26 operationally and guidance in line with our forecasts sees minimal changes to earnings. "Good cashflow can underwrite a 70% payout ratio at the upcoming results, but
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
This headline from Bloomberg captures today's media landscape perfectly: "Move over, sex. Conspiracy sells"
@Filapek
Rudi Filapek-Vandyck @Filapek
5d
RBC Capital on $BHP Group: "BHP has released its 4QFY26/FY26 update and provided production guidance for FY27. "FY26 Copper production of 1,953kt was in line with consensus of 1,973kt (RBCe 1,963kt). FY26 WAIO production of 291 Mt was also in line with consensus of 291 Mt (RBCe
FIND FNARENA ON

THE MARKETS

    Click item/line to change chart

  • Australia

    22 July 2026   Updated : 09:12   AEDT

    SPI Overnight

    8763.00

    +21.00

    0.24%

    NZ50

    13710.420

    +54.390

    0.400%

    All Ordinaries

    8976.90

    +2.20

    0.02%

    S&P ASX 200

    8793.30

    +2.00

    0.02%

    S&P ASX 300

    8723.80

    +3.20

    0.04%

    Communication Services

    1631.50

    -14.40

    -0.87%

    Consumer Discretionary

    4026.20

    -33.90

    -0.83%

    Consumer Staples

    13095.10

    -10.30

    -0.08%

    Energy

    10258.30

    +40.60

    0.40%

    Financials

    9612.60

    -68.30

    -0.71%

    Health Care

    26318.50

    -279.00

    -1.05%

    Industrials

    8347.10

    -28.70

    -0.34%

    Info Technology

    1776.60

    +56.10

    3.26%

    Materials

    22571.00

    +295.30

    1.33%

    Real Estate

    3597.70

    +20.80

    0.58%

    Utilities

    9496.90

    +20.90

    0.22%

    A-REITs

    1675.90

    +10.20

    0.61%

    All Technology Index

    2973.20

    +47.10

    1.61%

    Banks

    4026.80

    -33.00

    -0.81%

    Gold Index

    14892.40

    +522.40

    3.64%

    Metals & Mining

    7750.10

    +112.20

    1.47%

    Click item/line to change chart

  • Australasia

    22 July 2026   Updated : 09:12   AEDT

    AUD/USD

    0.6998

    0.00

    -0.36%

    AUD/NZD

    1.2013

    +0.00

    0.23%

    NZD/USD

    0.5826

    0.00

    -0.58%

    AUD/JPY

    114.21

    -0.05

    -0.04%

    SGD/AUD

    1.11

    +0.00

    0.19%

    AUD/EUR

    0.6139

    0.00

    -0.15%

    AUD/GBP

    0.5232

    +0.00

    0.02%

    AUDCAD

    0.9873

    0.00

    0.00%

  • World

    22 July 2026   Updated : 09:12   AEDT

    CAD/USD

    0.7087

    0.00

    -0.37%

    EUR/JPY

    186.04

    +0.23

    0.13%

    EUR/USD

    1.1399

    0.00

    -0.21%

    GBP/USD

    1.3374

    -0.01

    -0.39%

    USD/JPY

    163.21

    +0.53

    0.32%

    Click item/line to change chart

  • World

    22 July 2026   Updated : 09:12   AEDT

    FTSE100

    10585.91

    +61.15

    0.58%

    DAX30

    25011.35

    +164.66

    0.66%

    Hang Seng

    25132.29

    -10.76

    -0.04%

    Nikkei 225

    66232.19

    +2091.07

    3.26%

    NZ50

    13710.420

    +54.390

    0.400%

    DJIA

    52224.64

    +385.38

    0.74%

    S&P500

    7509.20

    +65.92

    0.89%

    Nasdaq Comp

    25837.21

    +329.13

    1.29%

    S&P500 VIX

    17.05

    -1.60

    -8.58%

    US 10-year yield

    4.628

    +0.030

    0.650%

    USD Index

    101.20

    +0.24

    0.24%

  • Aus Stocks

    22 July 2026   Updated : 09:12   AEDT

    Amcor (US)

    43.44

    +0.21

    0.49%

    Newmont (US)

    92.49

    +3.25

    3.64%

    Rio Tinto (UK)

    6730.00

    +102.00

    1.54%

    BHP Group (US)

    83.45

    +2.96

    3.68%

    Rio Tinto (US)

    90.55

    +1.49

    1.67%

    ResMed (US)

    195.80

    -2.81

    -1.41%

    South32 (UK)

    228.40

    +14.40

    6.73%

    James Hardie (US)

    24.90

    -0.09

    -0.36%

    Janus Henderson (US)

    51.95

    -0.02

    -0.04%

    Click item/line to change chart

  • Metals & Minerals

    22 July 2026   Updated : 07:23   AEDT

    Gold (oz)

    4077.17

    +69.45

    1.73%

    Silver (oz)

    58.79

    +2.39

    4.24%

    Copper (lb)

    6.4900

    +0.19

    3.02%

    Aluminium (lb)

    1.4319

    +0.00

    0.06%

    Nickel (lb)

    7.6996

    +0.05

    0.71%

    Zinc (lb)

    1.6221

    +0.01

    0.73%

    Copper (t)

    14303.96

    +418.76

    3.02%

    Aluminium (t)

    3156.00

    +2.00

    0.06%

    Nickel (t)

    16970.00

    +120.00

    0.71%

    Zinc (t)

    3575.00

    +26.00

    0.73%

    Uranium (lb) weekly

    85.50

    +0.70

    0.83%

    Iron Ore (t)

    98.70

    -0.18

    -0.18%

  • Energy

    22 July 2026   Updated : 07:23   AEDT

    West Texas Crude

    84.54

    +1.54

    1.86%

    Brent Crude

    91.44

    +2.48

    2.79%

CALENDAR

Wednesday, 22 July 2026
JP June Trade Bal
UK June CPI, PPI
BPTQtrly Update
LYC Qtrly update
PDNQtrly update
WGXQtrly update
Thursday, 23 July 2026
AU June Unemployment
EZ ECB rate
US July Kansa Fed Mfg
FMGQtrly update
KARQtrly Update
MQGAGM

ALL WEATHER STOCKS

CodeCompanyPrice
CARCAR GROUP LIMITED

market icon up$26.12

REAREA GROUP LIMITED

market icon up$164.07

RMDRESMED INC

market icon down$27.94

TNETECHNOLOGY ONE LIMITED

market icon up$29.96

WOWWOOLWORTHS GROUP LIMITED

market icon up$39.48

WEEKLY PDF

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FNARENA TALKS

FNARENA WINDOWS

Window on NEW BATTERY ELEMENTS

Material Matters: Deep Dive Into Lithium Pullback

A glance through the latest expert views and predictions about commodities: Despite weaker lithium prices and renewed supply concerns, leading brokers believe resilient demand, improving cash flow and attractive valuations continue to support the sector’s longer-term investment case

Jul 21 2026


Window on INFRASTRUCTURE & UTILITIES

Technical Support For Dalrymple Bay Shares

Dalrymple Bay Infrastructure shares remain in an uptrend, reports Fairmont Equities’ Michael Gable, with support at the 50-day moving average reinforcing the positive outlook

Jul 21 2026


Window on WEALTH MANAGEMENT & INVESTMENTS

Weekly Update On LICs & LITs – 21-Jul-2026

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Jul 21 2026


GEN AI

AI Dilemma: Value Creation Versus Value Capture

Artificial intelligence is poised to change the world, but identifying who will ultimately create shareholder value out of this new technology remains a challenge, says Robert M. Almeida, Portfolio Manager and Global Investment Strategist MFS Investment Management

Jul 16 2026


FEATURE STORIES

Australian Banks, Bad Debts And The Budget

The March quarter turned sour for the banks and bad debt provisions were increased, ahead of a federal budget that will have significant impact on mortgage demand

May 20 2026