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Morning Bell 11 January

Bell Direct
January 11, 2021

The Aussie share market is suggesting a 0.1% gain at the open after the market rose 2.6% last week.

What to watch today:

  • If Brisbane will end its 3-day lockdown at 6pm tonight or if it will be extended with a decision to be made this morning.
  • Australian retail sales data, which is expected to show a 7% jump in spending in November.

All eyes will be on commodities:

  • Iron ore stocks could rise as the iron ore price rose to US$169, a new 9-year high.
  • Gold stocks could see some selling after money poured back into equities, pulling gold down $112 in a week to US$1,835.

Local trading ideas:

  • Citi upgraded ARB (ASX:ARB) to a buy with a $34.25 price target.
  • Bapcor (ASX:BAP) is rated as a buy by Citi following cars sales momentum.
  • ASX (ASX:ASX) is a Citi sell with a $68 price target.
  • Accent (ASX:AX1) was rated as a Citi buy as profit margins are expected to increase.
  • Humm Group (ASX:HUM), Harvey Norman (ASX:HVN) and Sonic Healthcare (ASX:SHL) are all giving off strong bullish charting signals according to Trading Central.

Morning Bell 24 January

Grady Wulff
January 24, 2023

Closing Bell 23 January

Grady Wulff
January 23, 2023

Morning Bell 23 January

Sophia Mavridis
January 23, 2023

Morning Bell 20 January

Grady Wulff
January 20, 2023

Closing Bell 19 January

Grady Wulff
January 19, 2023

Morning Bell 19 January

Sophia Mavridis
January 19, 2023

Closing Bell 18 January

Grady Wulff
January 18, 2023

Morning Bell 18 January

Grady Wulff
January 18, 2023

Closing Bell 17 January

Sophia Mavridis
January 17, 2023

Morning Bell 17 January

Sophia Mavridis
January 17, 2023

Closing Bell 16 January

Grady Wulff
January 16, 2023

Thank you and see you in 2023

Grady Wulff
December 20, 2022