Daily FNArena News

Brokers consider Wesfarmers’ strategy to turn Target around and expand Bunnings in the UK is sound but suspect pressure on earnings will result in lower dividends.

FNArena’s weekly update on short positions in the Australian share market.

Oil recovery; copper outlook; nickel deficit emerges; steel sentiment negative; commodity usage in electric vehicles; Bell Potter appraises Magnis Resources.

Peter Switzer of the Switzer Super Report notes the Brexit bomb is set to explode on stocks and banks. But in what direction?

The outlook for the Australia Real Estate Investment Trust sector is mixed with brokers upbeat on office assets and US exposure while being cautious about retail centres.

Weekly Update on ASX-listed companies buying in their own stock.

The Chartist reports McMillan Shakespeare is in a strong technical position.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Brokers consider the outlook for SmartGroup and McMillan Shakespeare is improving as regulatory risks abate.

Metcash produced a FY16 result that was largely as expected, with the challenges in the food & grocery segment continuing to divide brokers.

Michael Gable of Fairmont Equities highlights three UK-exposed stocks that should benefit from a Brexit rejection, with Platinum Asset Management standing out.