Daily FNArena News

Uncertainty regarding penalties for non-compliance at Commonwealth Bank is weighing on the share price, although brokers acknowledge a solid first quarter.

IT business, Skyfii, has won and renewed some major contracts in recent weeks, which TMT Analytics believes reinforce the potential of the company.

Kathleen Brooks of City Index notes the price spread between Brent and WTI is at its highest in two years, and it might be time for WTI to close in.

Peter Switzer of the Switzer Super Report is becoming even more excited over the prospects for the local stock market.

Explosives supplier Orica provided a subdued outlook and is not expected to show the benefits of a rebound in activity until FY19.

Westpac’s FY17 results disappointed brokers at the headline level, with weak trading profits, but its capital position is better than expected.

Michael Gable of Fairmont Equities believes BHP is set to join the party of resources stocks breaking to the upside.

Telstra is planning to extend its network and devices business via services delivery and apps to create more value. The extent to which this can plug the earnings hole created by the NBN is debated among brokers.

Boral has upgraded its FY18 Australian guidance and brokers suggest there could be further upside to come.

High frequency trading is leading to average trade sizes on the ASX collapsing to around one tenth of the average size of twenty years ago.