Daily FNArena News

Lab service provider ALS delivered subdued guidance at its AGM while brokers are yet to witness signs of any rebound in minerals exploration.

The Chartist suggest Woodside may first drift lower but the technicals favour an upside break thereafter.

A new survey suggests mining leaders are pessimistic while the outlook for base metals, ex copper, is bullish. Geopolitical instability supports gold and palladium while iron ore is re-balancing.

Peter Switzer of the Switzer Super Report puts up both sides of the argument regarding a potential stock market correction.

A wrap of the day’s activity on the Australian stock market.

Brokers have evaluated the engineering contractor sector ahead of the earnings season and remain gloomy about the outlook, although stock preferences suggest not all will suffer.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Utilities are beginning to show a little interest in spot uranium purchases while greater term market demand is expected this quarter.

Michael Gable of Fairmont Equities notes that after drifting off from post-IPO highs, Veda Group is showing signs of a technical recovery.

Amcom has a contract with Melbourne University which has potential to elevate the company’s standing in the burgeoning cloud computing space.