Skip to main content

Latest stock market podcasts

Morning Bell 7 October

Bell Direct
October 7, 2020

The Aussie market looks set to open 0.3% lower. U.S. President Donald Trump announced that the White House will halt negotiations of a further stimulus package until after the election. The U.S. market was initially marching forth until his announcement, then began to wipe out some of the prior day’s gains.

 

Commodities:

  • Oil jumped 1.8% to US$39.91.
  • Gold eased from its two-week high, falling about 2% to US$1,882.

 

What to watch today:

  • The focus will be on the budget and how investors and businesses will react.
  • For individuals: low and middle-income earners will be entitled to a tax offset of up to $2,745.
  • Wage subsidies: employers will get $200 a week for hiring people under 30 and $100 a week for hiring people between 30 and 35, and they must work at least 20 hours a week.
  • Businesses with > $5 billion turnover: ability to buy and write off the entire cost of any depreciating asset they buy before June 30, 2022.
  • Infrastructure: $3 billion will go to shovel ready infrastructure projects.

 

Trading ideas:

  • UBS maintained BHP (ASX:BHP) as Buy stock, with a $41 target. After the mining giant announced it’s buying an extra 28% stake in oil assets in the deep-water Gulf of Mexico assets for US$505 million, which will take its holding to 72%.
  • Whitehaven Coal (ASX:WHC) and Coronado Global Resources (ASX:CRN) were both reiterated as Bell Potter Buy’s, but both had their price targets reduced amid a damper coal price outlook.
  • Northern Star (ASX:NST), Saracen Minerals (ASX:SAR) and Resimac Group (ASX:RMC) are all showing bullish charting signals – according to Trading Central.

Morning Bell 27 April

Bell Direct
April 27, 2020

Weekly Wrap 24 April

Bell Direct
April 24, 2020

Morning Bell 24 April

Bell Direct
April 24, 2020

Morning Bell 23 April

Bell Direct
April 23, 2020

Market Update 22 April

Bell Direct
April 22, 2020

Market Update 21 April

Bell Direct
April 21, 2020

Market Update 20 April

Bell Direct
April 20, 2020

Market Update 17 April

Bell Direct
April 17, 2020

Weekly Wrap 17 April

Bell Direct
April 17, 2020

Market Update 16 April

Bell Direct
April 16, 2020

Morning Bell 15 April

Bell Direct
April 15, 2020

Market Update 9 April

Bell Direct
April 9, 2020