Insurance and Finance

The Chartist notes Commonwealth Bank has been pulling back from its highs but downside is epxetced to be limited.

Michael Gable of Fairmont Equities notes the technicals have turned neagtive for Suncorp Group.

Morgan Stanley upgrades media; My Net Fone acquisition; Myer and A-REITs; pressure on life insurers; inbound tourism and food exports benefit from weaker Australian dollar.

Competition increases for general insurers; Optus mobile plans more competitive; focus on yield remains relevant; super funds seen rotating; Goldman avoids “manufactured yield”.

Booming residential construction and strength in equity markets and property markets are combining to provide outperformance for conglomerate Brickworks.

2015/16 outlook for Oz capex; what is hot in emerging companies; Morgan Stanley prefers asset managers to insurers & banks; APRA’s likely plans for banks.

Michael Gable of Fairmont Equities suggests Bendigo & Adelaide Bank is a value alternative to the overbought Big Four, and technically supported.

Cover-More continues to innovate and expand its global offering and Morgan Stanley initiates coverage on the travel insurer.

Financial stocks poised for earnings growth; flat outlook for media; cycle pressures in insurance; scale important in health insurance; weak growth in transport.

With the latest round of bank results and updates in the bag, brokers yet again agonise over whether the big banks are too expensive.