A glance through the latest expert views and predictions about commodities, with Macquarie positive on coal, BA Merrill Lynch seeing upside on coal service stocks and JP Morgan updating post a tour of Oz steel assets in the US.
According to CommSec the latest Australian jobs growth data showed the mining, construction and transport sectors have returned as the primary drivers of the Australian economy.
A glance through the latest expert views and predictions about commodities with signs aluminium prices may be near a bottom, adjustments to coal sector earnings and basic materials yield plays.
UBS has made minor changes to its model portfolio to reflect May market action, while RBS has identified potential ASX100 earnings surprises in August’s reporting season.
After delivering its Waratah bombshell on Tuesday, yesterday saw a resolute Downer management team hosting a scheduled Investor Day. Tomatoes anyone?
Perennial disappointer Downer has once again shattered market confidence with another spurious risk management failure. No one is amused.
Investors are currently nervous and FY11 earnings estimates may be too high but Citi still sees value in equities at current levels, while GSJB Were outlines its current preferences.
With the big diversified and smaller miners closing well bid yesterday, the Wizard believes a bottom may have formed. Watch Monadelphous.
Given a weaker Aussie, Credit Suisse has reviewed the basic materials sector to determine winners and losers.
Morgan Stanley added two more small caps to its coverage while strategists at DJ Carmichael and BA-ML shifted preferences.