Skip to main content

Latest stock market podcasts

Morning Bell 31 July

Bell Direct
July 31, 2020

The Aussie share market is eyeing a fall of 0.5% at the open, following a mixed session on overnight markets with the Dow falling 0.9%, the S&P500 down 0.4%, while the Nasdaq pumped up 0.4%. But what’s noteworthy is the Nasdaq futures are suggesting a 1% gain on Friday. So in afterhours trade, the ETF tracking the Nasdaq 100 (QQQ) rose 1% and the ETF tracking the S&P500 (SPY) rose 0.9%. So keep an eye on their Aussie counterparts today, the ETF on the ASX that tracks the Nasdaq 100 is (ASX:NDQ).

Overnight, the U.S. officially entered a recession with second quarter GDP falling 32.9%, following the 5% drop in Q1. The fall was not as bad as the expected 34.1% drop however, it was the worst fall in history. This saw people reshuffle their portfolios, chasing companies upgrading their earnings.

What else to watch today:

  • On the economic side, private sector borrowing known as private sector credit is out today.

Local trading ideas:

  • Bell Potter reiterated CBA (ASX:CBA) as a buy with a price target of $78.00, implying 7% share price growth from yesterday’s close price of $73.01.
  • Janus Henderson (ASX:JHG) delivered a solid June quarter update, Bell Potter reiterated JHG’s buy rating and increased its target to $42.50. That implies 36% growth from yesterday’s close of $31.21. Bell Potter also upgraded its earnings per share estimates by 2-3% with June quarter profit hitting US$104.1 million, smashing through expectations.
  • Following IOOF Holdings’ (ASX:IFL) disappointing quarterly report that raised a number of issues that were not properly addressed in the update, Bell Potter reiterated IOOF as a sell, dropping its target price to $4.20.th

Morning Bell 2 July

Bell Direct
July 2, 2020

Morning Bell 1 July

Bell Direct
July 1, 2020

Morning Bell 30 June

Bell Direct
June 30, 2020

Morning Bell 29 June

Bell Direct
June 29, 2020

Monthly Wrap June 2020

Jessica Amir
June 26, 2020

Morning 26 June

Bell Direct
June 26, 2020

Morning Bell 25 June

Bell Direct
June 25, 2020

Morning Bell 24 June

Bell Direct
June 24, 2020

Morning Bell 23 June

Bell Direct
June 23, 2020

Morning Bell 22 June

Bell Direct
June 22, 2020

Weekly Wrap 19 June

Bell Direct
June 19, 2020