Daily FNArena News - Australia

Brokers believe ResMed is reliant on pandemic-related ventilator sales offsetting any slump in the base sleep apnoea business.

NextDC has signed a second hyper-scale customer for its M2 data centre, likely to propel the company into planning for M3 ahead of previous expectations.

Trading in April was too volatile to allow Woolworths to provide any guidance for sales in the June quarter but one trend is clear for brokers – online ordering is on the rise.

An unwinding of grocery stockpiles could dent the stellar performance Coles experienced in the March quarter, while elevated costs impact on gross margins.

Pressure on coal prices is expected to grow as demand falters, despite shuttered production in several regions.

What can Wesfarmers do with its underperforming chain, Target? Brokers suggest the laggard of the group may be in line for a severe reassessment.

While recovery for the land-based business of Aristocrat Leisure is likely to be gradual, brokers assess there is more than enough liquidity in the business.

Business loan growth at National Australia Bank is likely over coming months but of greater concern to brokers is the potential for a surge in bad debts.

NAB has set the agenda, but most analysts suggest pain will be temporary and the bank sector remains strong.

Having withdrawn guidance in March, Steadfast Group has moved to reassure investors that earnings momentum is sound.