Daily FNArena News - Australia

Although some are cautioning about earnings expectations that are too high, UBS remains bullish for FY06 and FY07.

Takeover speculation has pushed Alumina’s share price higher, but this has been overdone, Morgan Stanley argues, while still remaining bullish on the stock.

What’s worse? An initiation report with a Sell rating or a report explaining why initiation won’t occur? A reborn ReAc just doesn’t make the grade it seems.

iiNet may only just be recovering from the battering it took in May following earnings downgrades, but competition in the ADSL2+ market may force the company to lower its prices.

No surprises that the RBA wanted to let things run a bit before making the next decision. But the likelihood is another rise is due.

Macquarie’s outlook for the coming year is for continued volatility and lower returns thanks to the global move towards higher interest rates and lower liquidity.

No interest rate hike for July.

Due its recent share price fall and positive exploration newsflow from its Ugandan fields, Hardman is now one of the highest recommended stocks in Australia.

It’s already been dubbed the most important copper discovery in more than two decades. Australian Mining Investments’ Queensland deposit has the rumour mill spinning overtime.

Caltex may have already had a strong run, but Merrill Lynch is of the view that stronger Singapore refiner margins will push it higher.