Skip to main content

Latest stock market podcasts

Morning Bell 20 August

Bell Direct
August 20, 2020

Aussie futures are suggesting a retreat of 0.3%, which will trim some of yesterday’s gain of 0.7% and the week to date gain of 0.7%. The S&P500 scaled to a brand new record high, its second in two straight days before falling 0.4%. The Nasdaq met the same fate, scaling to a record before turning negative in the final few hours. Meanwhile, Apple became the first US. company to reach a market cap of $2 trillion, doubling its valuation in two years.

 

In commodities and FX, the U.S. dollar rose, which saw gold lose 1.6%, down to US$1,939. The oil price fell 0.2% to US$42.76. The Aussie dollar fell 1% and hit 71.85 US cents – falling from its fresh high.

 

What to watch:

  • Afterpay (ASX:APT) upgraded its guidance levels expecting EBITDA to be $43 million, that’s almost double what APT previously expected.

 

Companies reporting today:

  • Qantas (ASX:QAN) just reported its profit dived to a $2 billion after tax loss in 2020 financial year, a 334% fall on last year’s profit.
  • Star Entertainment (ASX:SGR) just reported a full year net loss after tax of $95 million after falling 148%.
  • Wesfarmers (ASX:WES) the owners of Bunnings, Kmart and Officeworks also just reported results
  • Other companies which have reported include Perpetual (ASX:PPT), Domain (ASX:DHG), Medibank Private (ASX:MPL), and South32 (ASX:S32).

 

Trading ideas:

  • Ingenia (ASX:INA) is showing that it’s formed a technical short-term bullish uptrend, according to Trading Central’s charting. Goldman Sachs backs INA as a buy with a $5.40 target.
  • BHP (ASX:BHP) was reiterated as a UBS buy with a $40 target.
  • ANZ (ASX:ANZ) was reiterated as a Bell Potter buy following its quarterly update, while its price target increased to $20.

Morning Bell 3 February

Bell Direct
February 2, 2020

January Market Overview

Bell Direct
January 31, 2020

Morning Bell 31 January

Bell Direct
January 31, 2020

Morning Bell 29 January

Bell Direct
January 28, 2020

Morning Bell 28 January

Bell Direct
January 28, 2020

From the helm: Magellan's Hamish Douglass

Bell Direct
January 21, 2020