Daily FNArena News - Australia

Strong October traffic data is one factor but improved value after recent share price weakness and the potential for capital management are the main factors brokers remain positive on Macquarie Airports.

A leading index of economic activity continues to point at above trend growth in the months ahead.

OneSteel has lowered earnings guidance for the year but brokers have maintained a positive outlook given expectations of a recovery in the second half of the year.

Paladin has been forced to buy in spot market uranium to cover contract shortfalls – a costly business.

Computershare has expanded in the German market via an additional stake in a corporate actions bank, brokers seeing strategic benefits but little short-term earnings impact from the move.

Iron ore darling Fortescue might be the flavour of the month with investors, but analysts are more realistic.

A solid start to the year has Brambles well placed but the board has indicated approaches from Asciano and Toll offer nothing that hasn’t already been considered.

Every story, no matter how positive, ultimately has a price. Shaw Stockbroking believes a few metals and mining stocks are trading way beyond their worth.

UBS sees short-term upside for CSL from higher IVIG prices, while ABN Amro notes development of a new vaccine offers potential upside in later years.

Could it really be? Is Newcrest’s troubled Telfer mine finally on the improve?