FINANCIAL NEWS
The Overnight Report: Tech Out, Dow Outperforms
A global perspective on what happened overnight
8:51 AM
ASX Winners And Losers Of Today – 02-07-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 02 2026
Rudi’s View: Best Buys & Conviction Calls In July
In Today’s Edition: IPO Mania; Not What It Looks Like At Face Value; Picture Of FY26;
Best Buys & Conviction Calls
Jul 02 2026
Aristocrat Sticks To US$1bn Interactive Guidance
Aristocrat Leisure’s Investor Day contained no unpleasant surprises, with management reiterating Interactive targets and reaffirming earnings guidance
Jul 02 2026
Morgans rates CKF as Buy
Morgans considers the FY26 result from Collins Foods robust in light of the tough conditions. Australia is the current driver of earnings with KFC Australia in the first half to date flagging same-store sales growth of 4%.
The broker believes the stock remains undervalued given its growth profile. A strong balance sheet means it is well-placed to fund its German expansion, accelerate the roll-out of Kwench and pursue further bolt-on acquisitions in Germany.
The broker also likes the stock for its strong leverage to improvements in the domestic consumer environment. Buy rating retained. Target is reduced to $10.60 from $12.50.
Macquarie rates IPH as Neutral
Macquarie suggests modest organic earnings growth and weak US PCT activity are dragging on the outlook for IPH Ltd.
Australian filing volumes were down -3.3% in FY26, substantially lagging market activity while market share declined to 24% from 29% as a result of lower filing activity by IPH firms an increasing prevalence of self-filing in the market.
US PCT activity growth is also non-existent, down -1.8% in the June quarter. Neutral rating and $3.74 target retained.
Citi rates PPT as Neutral
Perpetual's board has rejected EQT's takeover offer at $21.64 per share, pre-dividends, which is around a 28% premium to the last six months average weighted share price, Citi notes.
It remains to be seen whether EQT returns with a higher offer. The analyst points out mark-to-market offers upside earnings risk for consensus 2H26 earnings forecasts.
Neutral rated. Target $17.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
$34.47 01 Jul |
OPEN $35.29 |
HIGH $35.29 | 5,651,515 LOW $34.00 |
-0.880| TARGET | |||
| $34.5170.1% upside | |||
| Franking for last dividend paid out: 75% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 246.7 | xxx |
| DPS (cps) | xxx | 166.0 | 166.8 | xxx |
| EPS Growth | xxx | - 9.1% | 24.5% | xxx |
| DPS Growth | xxx | 0.0% | 0.5% | xxx |
| PE Ratio | xxx | N/A | 14.1 | xxx |
| Dividend Yield | xxx | N/A | 4.8% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 67.6% | xxx |
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DAILY FINANCIAL NEWS
Aristocrat Sticks To US$1bn Interactive Guidance
Aristocrat Leisure’s Investor Day contained no unpleasant surprises, with management reiterating Interactive targets and reaffirming earnings guidance
Jul 02 2026 - Australia
ASIC has launched a dual-front offensive against predatory retail practices and corporate gatekeeper failures, releasing a scathing review of the $150bn car loan market whilst initiating Federal Court proceedings against former directors over the collapsed Shield Master Fund
Jul 02 2026 - Australia
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Paladin Energy
Jul 01 2026 - Treasure Chest
Strength in Australia offset weakness in Europe for Collins Foods’ KFC business leading to a solid FY26, but margin pressure remains a prominent feature
Jul 01 2026 - Small Caps
Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, ASX200, gold and crude oil
Jul 01 2026 - Technicals
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Today’s idea is Stockland Group
Jul 01 2026 - Treasure Chest
PR NEWSWIRE
Motorola razr fold ushers in a bold new era of foldables
Jul 02 2026 - PR NewsWire
Agoda Recommends the Best Destinations to Beat the Heat This Summer
Jul 02 2026 - PR NewsWire
Taiwan Tourism Administration Concludes Successful Three-City Roadshow Across Australia and New Zealand
Jul 01 2026 - PR NewsWire
CPA Australia signs MoU with IHRP to bridge finance and people capability in Singapore
Jul 01 2026 - PR NewsWire
Webull Australia partners with Qantas Frequent Flyer to reward Australian clients with Qantas Points
Jul 01 2026 - PR NewsWire
Colossal Foundation and University of Tasmania Partner to Combat Devil Facial Tumour Disease with Vaccines and Gene Editing
Jul 01 2026 - PR NewsWire
RUDI'S VIEWS
Rudi’s View: Best Buys & Conviction Calls In July
In Today’s Edition: IPO Mania; Not What It Looks Like At Face Value; Picture Of FY26;
Best Buys & Conviction Calls
Jul 02 2026
DAILY MARKET REPORTS
The Overnight Report: Tech Out, Dow Outperforms
A global perspective on what happened overnight
8:51 AM
ASX Winners And Losers Of Today – 02-07-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 02 2026
Australian Broker Call *Extra* Edition – Jul 02, 2026
Extra Edition of the Broker Call Report
Jul 02 2026
The Overnight Report: Chips Drag Down Tech
A global perspective on what happened overnight
Jul 02 2026
ASX Winners And Losers Of Today – 01-07-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Jul 01 2026
WEEKLY REPORTS
The Short Report – 02 Jul 2026
FNArena’s weekly update on short positions in the Australian share market
Jul 02 2026
Weekly Update On LICs & LITs – 30-Jun-2026
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Jun 30 2026
Uranium Week: Paladin’s Joy, Lotus In Pain
Uranium equities weakened as commodity markets softened and Lotus Resources’ restart challenges deepened
Jun 30 2026
Australian Listed Real Estate Tables – 29-06-2026
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Jun 29 2026
Weekly Ratings, Targets, Forecast Changes – 26-06-26
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Jun 29 2026
Next Week At A Glance – 29 June-3 Jul 2026
A brief look at important company events and economic data releases next week
Jun 26 2026
Weekly Top Ten News Stories – 26 June 2026
Our top ten news stories from 18 June 2026 to 25 June 2026
Jun 26 2026
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-06-26
A summary of the highlights from Broker Call Extra updates throughout the week past
Jun 26 2026
In Brief: AFG, Lifestyle Communities, Mastermyne
This week’s In Brief highlights three cyclical companies whose share prices seem to be discounting the macro headwinds and recent negative impacts
Jun 26 2026
THE MARKETS
Australia
03 July 2026 Updated : 08:42 AEDT
SPI Overnight
8762.00
+52.00
0.60%
NZ50
13569.400
-12.790
-0.090%
All Ordinaries
8930.90
-0.50
-0.01%
S&P ASX 200
8724.50
+1.60
0.02%
S&P ASX 300
8660.50
+1.00
0.01%
Communication Services
1599.10
-10.10
-0.63%
Consumer Discretionary
3881.70
-86.20
-2.17%
Consumer Staples
13011.40
-44.70
-0.34%
Energy
9457.20
-64.80
-0.68%
Financials
9300.00
+107.30
1.17%
Health Care
26319.00
+73.80
0.28%
Industrials
8373.00
-67.00
-0.79%
Info Technology
1782.20
-20.50
-1.14%
Materials
23464.50
-3.90
-0.02%
Real Estate
3619.30
-14.70
-0.40%
Utilities
9381.90
-348.70
-3.58%
A-REITs
1680.10
-7.10
-0.42%
All Technology Index
2987.30
-14.00
-0.47%
Banks
3877.90
+53.40
1.40%
Gold Index
15319.40
+503.20
3.40%
Metals & Mining
8063.10
+5.30
0.07%
World
03 July 2026 Updated : 08:42 AEDT
CAD/USD
0.7050
+0.00
0.09%
EUR/JPY
184.24
+0.25
0.14%
EUR/USD
1.1430
+0.00
0.18%
GBP/USD
1.3347
+0.00
0.04%
USD/JPY
161.19
-0.07
-0.04%
Aus Stocks
03 July 2026 Updated : 08:42 AEDT
Amcor (US)
45.00
+1.36
3.12%
Newmont (US)
97.04
+3.77
4.04%
Rio Tinto (UK)
7081.00
-16.00
-0.23%
BHP Group (US)
83.33
+1.11
1.35%
Rio Tinto (US)
94.42
+1.07
1.15%
ResMed (US)
209.63
+8.51
4.23%
South32 (UK)
216.60
-13.40
-5.83%
James Hardie (US)
25.81
+0.10
0.39%
Janus Henderson (US)
51.95
-0.02
-0.04%
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CALENDAR
Friday, 3 July 2026
NZ June ANZ consume confidence US Public Holiday XX Global PMIs Monday, 6 July 2026
AU June ANZ Job Ads EZ May PPI, retail sales US June PMI, ISM services Tuesday, 7 July 2026
JP May earnings US May Trade Bal Wednesday, 8 July 2026
NZ RBNZ rate decision JP May BoP, Trade Bal ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$25.79REA REA GROUP LIMITED 
$139.15RMD RESMED INC $29.32TNE TECHNOLOGY ONE LIMITED $29.73WOW WOOLWORTHS GROUP LIMITED $39.35WEEKLY PDF
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WEEK 26
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FNARENA TALKS
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FNARENA WINDOWS
Window on NATGAS
Rudi’s View: Best Buys & Conviction Calls In July
In Today’s Edition: IPO Mania; Not What It Looks Like At Face Value; Picture Of FY26;
Best Buys & Conviction Calls
Jul 02 2026
Window on GAMING
Aristocrat Sticks To US$1bn Interactive Guidance
Aristocrat Leisure’s Investor Day contained no unpleasant surprises, with management reiterating Interactive targets and reaffirming earnings guidance
Jul 02 2026
Window on BUSINESS & CONSUMER CREDIT
ASIC Watch: Car Loan Distributor Fees Draw Regulatory Fire
ASIC has launched a dual-front offensive against predatory retail practices and corporate gatekeeper failures, releasing a scathing review of the $150bn car loan market whilst initiating Federal Court proceedings against former directors over the collapsed Shield Master Fund
Jul 02 2026
GEN AI
Rudi’s View: AI To The Rescue
In today’s edition: AI To The Rescue; All-Weather Or Not?; RBC Likes Zip Co
Jun 25 2026