Skip to main content

Latest stock market podcasts

Morning Bell 14 October

Bell Direct
October 14, 2020

After five days of straight gains, it looks like some profit taking is in order today. The futures are suggesting a fall of 0.9% today.

The reason sentiment is likely to be weak today is because global equities pulled back overnight with the UK recording its highest daily rise in COVID-19 deaths.

In the U.S., Johnson & Johnson’s COVID-19 vaccine study was paused due to an unexplained illness in a patient study, seeing J&J shares slide 2.3%.

What to watch today:

  • The oil price gained 2% to US$40.17, while Gold fell about 2% to US$1,894.
  • Afterpay (ASX:APT) received finalisations and clearance from AUSTRAC’s audit.
  • Bank of Queensland (ASX:BOQ) reported its net profit fell 61%. Auckland International Airport (ASX:AIA) and Aurizon Holdings (ASX:AZJ) also report.
  • AGMs today: CSL (ASX:CSL), Cleanaway Waste Management (ASX:CWY) and Aurizon Holdings (ASX:AZJ).
  • Overnight, the International Monetary Fund (IMF) revised its global economic growth forecasts higher to a 4.4% contraction, up from negative 4.9% growth for 2020.

 

Trading ideas:

  • Orica (ASX:ORI), a leading explosives manufacturer was reiterated as a Citi Buy with a new increased target of $19.50. Citi is expecting medium-term earnings growth underpinned by higher pricing, increased technology sales and better plant utilisation.
  • Following Telstra’s (ASX:TLS) AGM yesterday UBS maintained Telstra as a Buy with $3.70 target.
  • BCI Minerals (ASX:BCI), Silver Lake Resources (ASX:SLR) and Ramelius Resources (ASX:RMS) are all showing bullish charting signals – according to Trading Central.

Market Update 4 March

Bell Direct
March 4, 2020

Morning Bell 3 March

Bell Direct
March 2, 2020

February Market Overview

Bell Direct
February 28, 2020

Morning Bell 27 February

Bell Direct
February 26, 2020

Market Update 26 February

Bell Direct
February 26, 2020

Morning Bell 24 February

Bell Direct
February 23, 2020

Morning Bell 21 February

Bell Direct
February 20, 2020

Morning Bell 20 February

Bell Direct
February 19, 2020

Morning Bell 19 February

Bell Direct
February 18, 2020

Morning Bell 18 February

Bell Direct
February 17, 2020

Morning Bell 17 February

Bell Direct
February 16, 2020