Daily FNArena News

Pilbara Minerals has negotiated the sale of run-of-mine ore from Pilgangoora and brokers welcome the deal as an opportunity to generate some cash while the project is developed.

Caltex has guided to softer than expected profit for 2017 but brokers agree the key issue for 2018 will be the reaction from BP/Woolworths to the ACCC decision.

Challenging conditions continue for Japara Healthcare, which has flagged a weak first half, and lower FY18 guidance, in the wake of a severe flu season that has affected occupancy.

The Chartist suggests the S&P500 will continue to rise, but an interim pullback may soon provide a buying opportunity.

Oracle’s bid for Aconex represents a substantial premium. Brokers suggest a counter bid, while highly unlikely, cannot be completely ruled out, but nor can the regulators be ignored.

Michael Gable of Fairmont Equities suggests the slide in Retail Food Group has further to run before a base might be found.

Moelis welcomes the divestment of the McPherson’s home appliances division, expecting the company to now concentrate on growing its health & beauty business.

Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

A glance through the latest expert views and predictions about commodities. Silver; gold; copper & nickel; 2018 outlook; and miners.