A glance through the latest expert views and predictions about commodities. Iron ore; lithium; cobalt; and energy.
Caltex has issued profit guidance for the first half that is slightly ahead of expectations and brokers are largely confident in the company’s outlook.
Michael Gable of Fairmont Equities notes AI company Appen has resumed its uptrend and is worth buying on any dip.
Adelaide Brighton remains constructive regarding demand for both Australian residential and infrastructure materials, maintaining a strong outlook.
Fortescue Metals has amassed a 19.9% stake in Atlas Iron and does not intend to support the current deal with Mineral Resources, unleashing speculation as to its true intentions.
Craig Parker of Moat Capital notes the ASX200 is poised to retest the post-GFC high, aided by resources, but this will require the banks to stop falling.
Wesfarmers is taking on more disciplined approach to future capital deployment and brokers believe management is signalling a preference for a smaller, better-returning base.
Ahead of the Herd’s Rick Mills explains what’s happening in the lithium prospects of Chile.
Brokers suggest A-REITs are likely to continue finding support amongst the global investment community, given an increasing need for annuity income and scarcity of investment-grade real estate.
The Chartist reports that having rejected an all-time high, Beach Energy has further to fall before buying is recommended.
