FINANCIAL NEWS

ASX Winners And Losers Of Today – 18-07-24

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

Jul 18 2024


‘Defensive’ Pharmaceutical Wholesalers In Focus

New research on the Pharmaceutical Wholesaling sector identifies three stocks with long-term defensive growth within an improving government funding framework

Jul 18 2024


The Short Report – 18 Jul 2024

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

Jul 18 2024


A Blip For Equities, Not A Change In Trend

Overnight price action in the US will most likely prove no more than a blip, rather than a sign the tide may be turning out of the bulls’ favour, opines Pepperstone’s Michael Brown

Jul 18 2024


Australian Broker Call *Extra* Edition – Jul 18, 2024

Extra Edition of the Broker Call Report

Jul 18 2024


Citi rates BHP as Buy

After reflecting further on yesterday's June quarter production numbers for BHP Group (following an early opinion summarised below), Citi maintains a Buy rating and lowers the target by -$1.00 to $47.50. 

Yesterday's response:

In an early response to BHP Group's quarterly production update released earlier this morning, Citi analysts conclude FY24 has finished with a strong performance for the Big Australian.

Citi's quarterly forecasts have been beaten across all key divisions. Management has guided towards the upper half of cost ranges for Spence and WAIO.

FY25 production outlook remains relatively flat. The Nickel West EBITDA loss will be circa -$300m in FY24. The broker highlights exceptional items will also include a gain on coal sale of US$650-$750m plus -US$300m impairment at Nickel West.

Macquarie rates CXO as Neutral

Management at Core Lithium had already pre-reported 4Q production numbers. Operating costs were materially better than Macquarie was expecting as there were no mining costs incurred during the period. The cash position is considered solid and there is no debt.

The Finniss mine has now been transitioned into care and maintenance and the company is pivoting back to being an explorer during FY25, explains the broker.

Neutral rating. The target rises to 10c from 9c due to a short-term uplift for the broker's EPS forecast and a valuation roll-forward.

Bell Potter rates PYC as Speculative Buy

Safety data so far indicates PYC Therapeutics' drug VP-001 is very well tolerated in two trials being conducted on around 18 patients in the US, observes Bell Potter.

While early-stage results, the broker is confident of ongoing positive efficacy and safety updates across the two trials, which are expected to conclude in 2025.

The Speculative Buy rating and 17c target are maintained.

Click here to see full report

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 PRICE CHANGE +/- CHANGE % VOLUME

$29.97

17 Jul
2024

0.190

OPEN

$29.86

0.64%

HIGH

$30.10

4,564,079

LOW

$29.82

TARGET
$27.588 -7.9% downside
Franking for last dividend paid out: 65%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 236.8 225.6 xxx
DPS (cps) xxx 175.0 165.0 xxx
EPS Growth xxx - 5.3% - 4.7% xxx
DPS Growth xxx 20.3% - 5.7% xxx
PE Ratio xxx N/A 13.3 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 73.9% 73.1% xxx

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DAILY FINANCIAL NEWS

‘Defensive’ Pharmaceutical Wholesalers In Focus

New research on the Pharmaceutical Wholesaling sector identifies three stocks with long-term defensive growth within an improving government funding framework

Jul 18 2024 - Australia


Overnight price action in the US will most likely prove no more than a blip, rather than a sign the tide may be turning out of the bulls’ favour, opines Pepperstone’s Michael Brown

Jul 18 2024 - International


New gaming sector research compares Light & Wonder with Aristocrat Leisure, as well as the defensive investment opportunity provided by Lottery Corp

Jul 17 2024 - Australia


Tony Sycamore, Market Analyst, IG shares his technical views on the Nasdaq, Russell2000, the ASX200, WTI crude oil and gold

Jul 17 2024 - Technicals


Michael Gable of Fairmont Equities reports shares in GPT Group have re-discovered upward momentum

Jul 16 2024 - Technicals


Netwealth Group strong fourth quarter update featured forecast-beating net fund flows and buoyant outlook commentary

Jul 16 2024 - Australia


RUDI'S VIEWS

Rudi’s View: Rate Cuts, Growth & Small Caps

Updates on strategies, model portfolios, key picks, best buys and conviction calls

Jul 18 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 18-07-24

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

Jul 18 2024


Australian Broker Call *Extra* Edition – Jul 18, 2024

Extra Edition of the Broker Call Report

Jul 18 2024


The Overnight Report: More Uncertainty Hits Tech

A global perspective on what happened overnight

Jul 18 2024


Today’s Financial Calendar – 18-07-2024

Significant Scheduled Events For 18 July, 2024

Jul 18 2024


ASX Winners And Losers Of Today – 17-07-24

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

Jul 17 2024


Australian Broker Call *Extra* Edition – Jul 17, 2024

Extra Edition of the Broker Call Report

Jul 17 2024


The Overnight Report: Run, Baby, Run

A global perspective on what happened overnight

Jul 17 2024


WEEKLY REPORTS

The Short Report – 18 Jul 2024

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

Jul 18 2024

Uranium Week: Focus On Kazatomprom (Aug 1)

The world’s largest uranium producer, Kazatomprom, takes centre stage while the Biden Administration drives a nuclear reactor reform agenda

Jul 16 2024

Weekly Update On LICs & LITs – 16-Jul-2024

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

Jul 16 2024


Australian Listed Real Estate Tables – 15-07-2024

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

Jul 15 2024

Weekly Ratings, Targets, Forecast Changes – 12-07-24

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

Jul 15 2024

Next Week At A Glance – 15-19 July 2024

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

Jul 12 2024


Weekly Top Ten News Stories – 12 July 2024

Our top ten news stories from 04 July 2024 to 11 July 2024

Jul 12 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 12-07-24

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

Jul 12 2024

In Brief: Airlines, Pathology & Seek

Weekly Broker Wrap: Morgans flies high in the airline sector; Macquarie explains the macro tailwinds for growth in pathology; Seek is catching the broker’s attention; Jarden highlights its favourite consumer discretionary stocks, and Trump 2025 tariffs warning

Jul 12 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    18 July 2024   Updated : 20:12   AEDT

    SPI Overnight

    7986.00

    -43.00

    -0.54%

    NZ50

    12329.440

    +37.410

    0.300%

    All Ordinaries

    8272.70

    -30.80

    -0.37%

    S&P ASX 200

    8036.50

    -21.40

    -0.27%

    S&P ASX 300

    7971.60

    -21.30

    -0.27%

    Communication Services

    1549.80

    -18.90

    -1.20%

    Consumer Discretionary

    3695.40

    +1.00

    0.03%

    Consumer Staples

    12775.10

    +25.30

    0.20%

    Energy

    10435.30

    -30.40

    -0.29%

    Financials

    7949.90

    -14.10

    -0.18%

    Health Care

    45905.80

    +130.20

    0.28%

    Industrials

    7000.80

    -11.40

    -0.16%

    Info Technology

    2303.70

    -80.90

    -3.39%

    Materials

    17242.70

    -42.20

    -0.24%

    Real Estate

    3835.80

    -16.50

    -0.43%

    Utilities

    9164.10

    +31.60

    0.35%

    A-REITs

    1750.30

    -7.50

    -0.43%

    All Technology Index

    3105.70

    -79.10

    -2.48%

    Banks

    3342.60

    -8.30

    -0.25%

    Gold Index

    8264.50

    +21.20

    0.26%

    Metals & Mining

    5635.50

    -23.20

    -0.41%

    Click item/line to change chart

  • Australasia

    18 July 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6737

    0.00

    -0.24%

    AUD/NZD

    1.1096

    +0.00

    0.18%

    NZD/USD

    0.6070

    0.00

    -0.44%

    AUD/JPY

    105.38

    -0.14

    -0.13%

    SGD/AUD

    1.11

    +0.00

    0.15%

    AUD/EUR

    0.6162

    0.00

    -0.15%

    AUD/GBP

    0.5186

    +0.00

    0.15%

    AUDCAD

    0.9212

    0.00

    -0.14%

  • World

    18 July 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7312

    0.00

    -0.11%

    EUR/JPY

    170.95

    -0.04

    -0.03%

    EUR/USD

    1.0931

    0.00

    -0.12%

    GBP/USD

    1.2987

    -0.01

    -0.44%

    USD/JPY

    156.41

    +0.18

    0.12%

    Click item/line to change chart

  • World

    18 July 2024   Updated : 20:12   AEDT

    FTSE100

    8246.61

    +59.15

    0.72%

    DAX30

    18481.74

    +44.44

    0.24%

    Hang Seng

    17778.41

    +39.00

    0.22%

    Nikkei 225

    40126.35

    -971.34

    -2.36%

    DJIA

    41198.08

    +243.60

    0.59%

    S&P500

    5588.27

    -78.93

    -1.39%

    Nasdaq Comp

    17996.92

    -512.42

    -2.77%

    S&P500 VIX

    14.50

    +1.31

    9.93%

    US 10-year yield

    4.169

    +0.023

    0.550%

    USD Index

    103.73

    -0.51

    -0.49%

  • Aus Stocks

    18 July 2024   Updated : 20:12   AEDT

    Amcor (US)

    10.33

    +0.26

    2.58%

    Newmont (US)

    48.27

    -0.05

    -0.10%

    Rio Tinto (UK)

    5087.00

    +16.00

    0.32%

    BHP Group (US)

    56.99

    -0.21

    -0.37%

    Rio Tinto (US)

    65.77

    -0.55

    -0.83%

    ResMed (US)

    205.95

    -0.85

    -0.41%

    South32 (UK)

    180.80

    -2.10

    -1.15%

    James Hardie (US)

    35.35

    +0.71

    2.05%

    Janus Henderson (US)

    35.59

    -0.82

    -2.25%

    Click item/line to change chart

  • Metals & Minerals

    18 July 2024   Updated : 07:56   AEDT

    Gold (oz)

    2463.00

    -10.00

    -0.40%

    Silver (oz)

    30.51

    -0.98

    -3.11%

    Copper (lb)

    4.4162

    -0.04

    -0.91%

    Aluminium (lb)

    1.0845

    0.00

    -0.29%

    Nickel (lb)

    7.4335

    -0.10

    -1.28%

    Zinc (lb)

    1.2807

    -0.02

    -1.73%

    Copper (t)

    9627.00

    -46.00

    -0.48%

    Aluminium (t)

    2410.00

    -7.00

    -0.29%

    Nickel (t)

    16519.00

    -214.00

    -1.28%

    Zinc (t)

    2846.00

    -50.00

    -1.73%

    Uranium (lb) weekly

    86.00

    +1.00

    1.18%

    Iron Ore (t)

    108.94

    -0.73

    -0.67%

  • Energy

    18 July 2024   Updated : 07:56   AEDT

    West Texas Crude

    81.63

    +1.87

    2.34%

    Brent Crude

    85.17

    +1.42

    1.70%

CALENDAR

Friday, 19 July 2024
JP Nat June CPI
UK June retail sales
BPT Quarterly update
NEM earnings report 2Q
WHC Quarterly update
Monday, 22 July 2024
NZ Trade Balance June
US Chicago Fed activity
S32 Quarterly update
Tuesday, 23 July 2024
US June existing home sales
ALX Quarterly update
BC8 AGM

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$34.35

CSL CSL LIMITED

$311.12

REA REA GROUP LIMITED

$196.97

TNE TECHNOLOGY ONE LIMITED

$18.66

WOW WOOLWORTHS GROUP LIMITED

$35.15

WEEKLY PDF

Stories To Read From FNArena


WEEK 28

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WEEK 15

WEEK 14

FNARENA TALKS

FNARENA WINDOWS

Window on PHARMACEUTICALS & BIOTECH/LIFESCIENCES

‘Defensive’ Pharmaceutical Wholesalers In Focus

New research on the Pharmaceutical Wholesaling sector identifies three stocks with long-term defensive growth within an improving government funding framework

Jul 18 2024


Window on GAMING

Not All Gaming Stocks Are Winners

New gaming sector research compares Light & Wonder with Aristocrat Leisure, as well as the defensive investment opportunity provided by Lottery Corp

Jul 17 2024


Window on NEW BATTERY ELEMENTS

Awaiting The Next Lithium Upswing

Lithium prices remain weak, but there is a growing expectation a turnaround is on the cards. It’s just a matter of when

Jul 17 2024


FEATURE STORIES

Awaiting The Next Lithium Upswing

Lithium prices remain weak, but there is a growing expectation a turnaround is on the cards. It’s just a matter of when

Jul 17 2024