Daily FNArena News

Michael Gable of Fairmont Equities notes the banks have undergone a technical reversal.

Australia’s competition regulator, the ACCC, does not intend to mandate roaming on Telstra’s regional mobile network, which brokers conclude is unequivocally positive for its mobile business.

Macquarie Group surprised with a strong cash profit in FY17 and a dividend which beat expectations. Going forward, a transformational acquisition could be required for the next phase of growth.

Craig Parker of Moat Capital suggests the ASX200 needed to take a breather after failing again to push to 6000.

Fleet and equipment leasing business EclipX has made a surprise acquisition of Grays eCommerce and brokers are warming to the synergy potential.

AtlasTrend explains why it is not rushing in to buy shares of beauty product companies.

The underperformance of one of credit provider FlexiGroup’s key businesses, Certegy, has left brokers unsure about the near-term outlook.

The Chartist reports the overall trend for copper remains bullish but the chart is currently looking top heavy.

Brokers agree furniture retailer Nick Scali is well-positioned, given its scale in a fragmented market and a clear growth strategy.

Woolworths reported solid March quarter sales of food but another disappointing downgrade for Big W has broker views diverging on the implications for the outlook.