Daily FNArena News

Brokers spent a good chunk of time last week wrapping the reporting season, gauging the global macro recovery and plotting the impacts of the AUD.

Myer’s interim profit result fell short and brokers remain wary given tough operating conditions and expectations of further cost pressures.

Peter Switzer of the Switzer Super Report explains why he’s long stocks and ready to buy on dips.

Strong balance sheets and locked in revenues should ensure further solid results for Australian REITs, with brokers updating their preferred exposures for the sector.

This week’s Tweets from Your Editor on Twitter.

Jonathan Barratt of Barratt’s Bulletin addresses the recent steep falls in the gold price.

The recently completed Australian earnings season proved a disappointment, and with currency and cost inflation pressures there remains downgrade risk out to FY13.

Last month’s interim saw increases to earnings forecasts and price targets for Breville and now Goldman Sachs has also turned more positive, upgrading to a Buy rating.

Equity markets have started the year on a positive note, with emerging value and an increasing appetite for risk set to offer support.

FNArena’s weekly update on short positions in the Australian share market.