Daily FNArena News

Michael Gable of Fairmont Equities suggests BHP is lining up to make a higher high.

Regis Resources impressed in FY17, delivering strong gold production. Risks for FY18 are skewed to the upside largely because of the potential at Duketon.

Wealth manager Perpetual has revealed negative net flows in the June quarter and several brokers have become bearish on the fund manager’s growth outlook.

Craig Parker of Moat Capital suggests the ASX200 could come back to 5500-5600 but still look alright in the medium term.

South32 missed expectations on several fronts in its June quarter but continues to screen well for brokers on current multiples, underpinned by a strong balance sheet.

The Chartist suggests there may be weakness ahead for Commonwealth Bank following the APRA snap-back.

Brokers are concerned that data centre operator NextDC may be distracted by the recent corporate activity that is besetting data centre owner, Asia-Pacific Data Centre.

Kathleen Brooks of City Index previews tonight’s European Central Bank policy meeting.

Weak oil prices are undermining the performance of many stocks in the energy sector and several brokers have reduced their forecasts, noting oil prices may remain lower for longer.

Several factors are behind the underperformance of A-REITs but brokers are discounting many of them and suggest the sector presents some opportunities.