Daily FNArena News

David Jones is intent on re-taking its place as an upmarket retailer but for brokers the path is strewn with obstacles.

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. JP Morgan has upgraded gold miner Perseus to Overweight, joining a majority of brokers feeling positive about resolution to crusher problems which have knocked down the share price.

Brokers find the loss of the Keurig distribution in Canada has taken little froth off Breville’s potential.

Telecom companies prove the sector is still enjoying its purple patch.

Jonathan Barratt of Barratt’s Bulletin suggests gold’s resilience suggests a bullish stance although silver’s tardiness may provide for outperformance.

TPG Telecom’s strong growth story pleased brokers. They now want to know what capital management is in store.

Goldman Sachs has downgraded its iron ore price forecasts but a Conviction Sell on Rio Tinto from Goldman Global belies a Neutral rating locally. BHP is also at odds.

The Chartist suggests a consolidation should open the way for another move higher in the Dow Jones Index.

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

A wrap of the day’s activity on the Australian stock market.