Daily FNArena News

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Fed tightening, US tax reform and elevated speculative positions all make the gold price potentially vulnerable in the December quarter.

Craig Parker of Moat Capital suggests the ASX200 could settle between 6000-6100 before heading higher longer term.

EclipX fleet operations appear stable, despite competition, while impairments are benign and end-of-lease outperformed in FY17. All up, brokers are increasingly confident in the outlook.

A glance through the latest expert views and predictions about commodities.

Uncertainty regarding penalties for non-compliance at Commonwealth Bank is weighing on the share price, although brokers acknowledge a solid first quarter.

IT business, Skyfii, has won and renewed some major contracts in recent weeks, which TMT Analytics believes reinforce the potential of the company.

Kathleen Brooks of City Index notes the price spread between Brent and WTI is at its highest in two years, and it might be time for WTI to close in.

Peter Switzer of the Switzer Super Report is becoming even more excited over the prospects for the local stock market.

Explosives supplier Orica provided a subdued outlook and is not expected to show the benefits of a rebound in activity until FY19.

Westpac’s FY17 results disappointed brokers at the headline level, with weak trading profits, but its capital position is better than expected.