Weekly Reports | Mar 22 2013
Our top ten news from 14 March 2013 to 21 March 2013 (ranked according to popularity).
National Australia Bank updated the market on its IT strategy but there were few surprises. For brokers, the focus remains on stopping costs getting out of hand.
Brokers find coal looks forlorn while gold costs loom large. Nickel is stuck in a range while oil & gas producers may soon become yield stocks.
Weekly update on recommendation, target price, and earnings forecast changes.
Peter Switzer of the Switzer Super Report looks at what else could trigger a pullback in the US and thus in Australia but can only see reasons not to hold off on buying.
Uranium prices have been falling or lying limp for almost five years now, but the market is much tighter than most realise.
Chinese steel movements pressure iron ore price but Oz miners are still competitive if price stays well above US$80/t. Base metals outlook continues to diverge.
Goldman Sachs has downgraded its iron ore price forecasts but a Conviction Sell on Rio Tinto from Goldman Global belies a Neutral rating locally. BHP is also at odds.
Yield versus growth in infrastructure as European interest in Australia grows. There's pressure on retailer margins while insurers, transport outperform and who gains from media reform?
By Rudi Filapek-Vandyck, Editor FNArena It is a truth not universally acknowledged by both investors and market commentators that resources
Major Australian Brokers are almost unanimous in their appreciation of Oil Search. FN Arena looks at why.