Daily FNArena News

Michael Gable of Fairmont Equities suggests almond grower Select Harvests could be positioning for an upside break.

Newcrest Mining indicates the future of its Cadia gold mine has not been compromised by the recent earthquake. Brokers welcome the update, although lingering concerns exist.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. The share price of Bellamy’s Australia surged 31% recently after a competitor sparked an optimistic outlook. Bell Potter does not believe the outlook can be extrapolated.

Craig Parker of Moat Capital notes the negative technical signals are starting to line up for ASX200.

The trend of disappointing flows continued with AMP’s March quarter update, as the flagship wealth management business was affected by high outflows from default superannuation transitions.

Kathleen Gaffney of Eaton Vance explores why the US dollar has not risen on the prospect of a Fed rate hike in June.

CSR has acknowledged that building approvals for residential developments are well past their peak although building product earnings are expected to be supported in FY18. Brokers trim the outlook further out.

Bad weather during March and April has caused Ardent Leisure to downgrade forecasts for theme parks, signalling a loss in the division for FY17.

Incitec Pivot produced an upbeat outlook after its first half result but brokers are not that convinced. Spot pricing for many of the company’s fertiliser exposures is rapidly deteriorating.

The Chartist reports strong technical upside for Telstra, although caution is required.