FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. One broker argues the market is undervaluing Sandfire Resources, which can justify a re-rating now its share register overhang has been removed.
Has iron ore peaked?; bearish agricultural prices; supply overhang in molybdenum; plentiful cobalt; zinc & lead price correction has further to run.
Several brokers are of the opinion Aurizon could do more with its capital structure. Credit Suisse initiates coverage on this basis.
Disappointing earnings results were one reason a stampede began out of Australia’s big banks, but having fallen this far, is value now emerging?
Peter Switzer of the Switzer Super Report discusses those stocks which stand to benefit from the latest federal budget.
The Chartist suggests the severity of the bank sell-off implies caution in calling the banks oversold at this point, yield support notwithstanding.
South32 has commenced trading on ASX and several brokers line up to analyse the outlook for the new resources company.
The spot uranium price last week failed to kick on with a rebound after April’s sharp falls.
First half results for Dulux Group were mixed and brokers are somewhat divided as the outlook lacks clarity.
Michael Gable of Fairmont Equities notes Incitec Pivot has fallen back to support and may be set to rebound.
