Consumer Discretionary

Michael Gable of Fairmont Equities suggests JB Hi-Fi has the potential to continue its recovey rally.

Insurers and Brisbane’s storm; Indoor Skydive lists; Aust banks in NZ; little Christmas cheer from petrol; outlook for RBA’s cash rate; and the mid year Commonwealth budget statement.

Macau casino capacity constrained; traditional retailers beset by leisure focus; consumer sentiment is soft; general insurers are flat; business airfares rise; and Pulse Health’s new hospital.

Weekly update on recommendation, target price, and earnings forecast changes.

Trading for discretionary retailers has softened considerably since May and there are further headwinds on the horizon.

First quarter sales growth was barely there but brokers differ on just what this means ahead of the all-important Christmas trading.

Lower oil price a positive for Oz households; building stocks can still outperform; lower AUD is more probable than lower cash rate; and policy intervention likely in wagering.

Electronics and home products retailer JB Hi-Fi has set a better tone at its AGM update but brokers diverge on whether the improvement will last.

Retail Food Group has acquired Gloria Jean’s Coffee chain and brokers are buzzing over the potential.

Brokers view the latest trends at Australian retailers, finding warning signs for supermarket giants amid renewed optimism for other categories.