Daily FNArena News - Australia

Following an accretive acquisition in the US and revised earnings guidance brokers see upside earnings risk for Bradken given ongoing strength in the company’s markets.

Gaming machine maker Aristocrat has disappointed the market by cutting 3-month old earnings guidance, leading brokers to suggest outperformance is unlikely in the medium-term.

National Australia Bank’s June quarter survey of business conditions show times are getting tougher as the economic slowdown has been sharper than expected.

ERA posted a mixed half-yearly profit result and as a result brokers are considering the value of the stock with ABN Amro seeing it as fairly priced while Citi remains bullish.

Is there another $4.5bn in write-downs to come? How will we know?

National Australia Bank’s September survey of business confidence levels shows further falls, with only the mining and health sectors positive about the short-term outlook.

Newcrest is finally delivering on production expectations at Telfer and with new project to deliver a reserve upgrade broker remain positive on the stock.

GUD Holdings delivered a result in line with expectations yesterday but with a tougher earnings outlook resulting in forecasts being cut ABN Amro has moved to a Sell on the stock.

Recently listed goldminer Alchemy has joined the growing breed of explorer/producers establishing proven cashflow projects in order to finance their belief in the big one.

The Australian banking sector has bounced hard, but there are all sorts of distractions, including a big one across the pond.