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 22 May

Bell Direct
May 22, 2024

Morning Bell 21 May

Bell Direct
May 21, 2024

Morning Bell 20 May

Bell Direct
May 20, 2024

Weekly Wrap 17 May

Bell Direct
May 17, 2024

Morning Bell 16 May

Bell Direct
May 16, 2024

Weekly Wrap 10 May

Bell Direct
May 10, 2024

Morning Bell 10 May

Bell Direct
May 10, 2024

Morning Bell 9 May

Bell Direct
May 9, 2024

Morning Bell 8 May

Bell Direct
May 8, 2024

Morning Bell 7 May

Bell Direct
May 7, 2024

Morning Bell 6 May

Bell Direct
May 6, 2024

Weekly Wrap 3 May

Bell Direct
May 3, 2024