Daily FNArena News

An increasing order book for Eagers Automotive keeps brokers Buy-rated despite vehicle supply issues and rising interest rates

Following FY22 results that met the consensus forecast for James Hardie Industries, brokers generally see value emerging after a significant year-to-date share price decline

A one-off tax loss and elevated gearing proved the standouts in what proved to be a difficult first half for United Malt, but analysts expect conditions and metrics will normalise in FY23 and the stock is shaping up as an attractive target

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Jarden believes mining services stocks are undervalued while Credit Suisse initiates coverage of mining and mining services company Mineral Resources

Amidst fears of rising bond yields and industrial overcapacity, Goodman Group has proven yet again why it is a top 20 market cap stock

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

Michael Gable of Fairmont Equities suggests Brambles is worth holding from a technical perspective, while brokers have the same view on fundamentals.

Amidst weak market sentiment, Xero reported earnings last week and the market response was poor and while brokers acknowledge the reasoning, the longer term theme remains attractive to most

The Chartist reports the S&P500 is now in the zone from which a bounce might be expected, but caution required

Evidence of cost control in Pendal Group’s latest market update should benefit the fund manager as volatile market conditions continue