Daily FNArena News - Australia

The Big Four banks picked a turbulent time to release their results and trading updates, but while volatility remains there is no change to perceptions of value from among analysts.

Super Retail delivered what UBS viewed as a standout result in lifting earnings despite a tough retail environment, while improved valuation has sparked upgrades in ratings.

Asia is proving to be a solid driver of earnings growth for Blackmores. Post a solid FY11 result Credit Suisse has upgraded to Outperform.

Adelaide Brighton’s interim earnings met expectations and brokers continue to see value, prompting upgrades in ratings.

Mermaid Marine beat expectations with its full year profit result and brokers remain broadly positive on the stock given expectations of further solid growth in coming years.

SAI Global beat expectations with its full year profit result and indicated more growth is to come. Brokers love it.

A better than expected profit result and a solid earnings growth outlook sees brokers retain unanimous Buy ratings on carsales.com.

Recent turmoil in markets has led resource sector analysts to revisit their price forecasts and stock valuations.

Newcrest delivered full year earnings in line with expectations but ongoing capex has raised some questions and prompted two brokers to downgrade ratings on the stock.

The latest RBA minutes are outdated, but there remains little indication a rate cut might be forthcoming.