Consumer Discretionary

Economists at Commonwealth Bank are not so sure a large budget-related decline in retail trade is imminent while Credit Suisse has found few signs of distress among retailers.

Australian domestic tourism is soggy, TV advertising is subdued, retailing is disappointing, and credit growth is soft but there has been a bump up in gold prices.

Collins Foods reveals growth in the KFC franchise was offset by declines in the Sizzler chain in FY14.

Oz retailer risks; Coles and liquor; Morgan Stanley turns defensive; media winners; commercial property credit.

Super Retail has downgraded FY14 earnings forecasts for the third time but most brokers are reasonably upbeat about the longer term outlook.

Michael Gable of Fairmont Equities this week suggests opportunities in knocked down retail names but warns against buying gold stocks just yet.

Oz broadband plans, IT risks, retail pressure, choosing mining services, NSW power play, potential brick JV and aluminium premiums.

Brokers believe automotive parts distributor Burson is well placed to capitalise on opportunities.

Tax loss selling; asset managers and banks; M&A and asset divestment; Optus’ mobile plans; and the outlook for retailers.

Consumer confidence fell sharply in May and UBS contemplates the outlook for retailers. Dun & Bradstreet reports on household financial stress levels.