Daily FNArena News

The Chartist reports the technicals are aligning for West Texas crude to retest US$80/bbl.

Innovation remains a central theme at packaging business Orora. Brokers are confident in the expectations for Australasia while North America remains challenged and there is potential for further investment in that division.

A glance through the latest expert views and predictions about commodities. Crude oil; iron ore; cobalt; and lithium.

Steel spreads have increased strongly and BlueScope’s North Star mill in Ohio is enjoying the benefit, resulting in an upgrade to the company’s second half guidance.

Peter Switzer of the Switzer Super Report believes ASX top 20 stocks are worth buying until a US recession is imminent, but as to when that might be is unclear.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Intense competition is persisting for Telstra and brokers suggest it may be only a matter of time before the company has to cut its dividend, again.

As the Australian banking industry slowly implodes, investment banking conglomerate Macquarie Group offers an oasis of ongoing earnings growth.

Michael Gable of Fairmont Equities notes packaging company Pact Group can retest prior highs having broken out of its range.

Stockland is deploying the proceeds of asset sales towards industrial developments as it shifts its portfolio mix.