Michael Gable of Novus Capital suggests the charts are warning of more falls to come for Wesfarmers post its Target downgrade slide.
Is the market overvalued? Is yield still worth chasing? Brokers update their Australian and global equity strategies to account for recent market developments.
Once a market darling and analyst favourite, broker sentiment for Monadelphous continues to fall as the mining capex slowdown continues to bite.
Last week was a slow one on the uranium market, but there is increasing news, talk and hope that indicates demand must pick up.
A wrap of the day’s activity on the Australian stock market.
A warm autumn has affected apparel sales and there’s an inventory overhang at Target. To brokers, it spells a step-up in retail industry discounting.
This week ATW’s Jerry Simmons sees both the gold price and the euro at critical levels where a bounce or more downside hangs in the balance.
WorleyParsons received a slap for an earnings downgrade that caught many unawares. For brokers, patience must become a virtue with a stock that has such a global reach.
An improving employment rate that really isn’t improving could trigger the Fed to start lifting too early.
Weekly update on recommendation, target price, and earnings forecast changes.
