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 3 April

Bell Direct
April 3, 2024

Morning Bell 2 April

Bell Direct
April 2, 2024

Morning Bell 28 March

Bell Direct
March 28, 2024

Morning Bell 27 March

Bell Direct
March 27, 2024

Morning Bell 26 March

Bell Direct
March 26, 2024

Morning Bell 25 March

Bell Direct
March 25, 2024

Weekly Wrap 22 March

Bell Direct
March 22, 2024

Morning Bell 22 March

Bell Direct
March 22, 2024

Morning Bell 21 March

Bell Direct
March 21, 2024

Morning Bell 20 March

Bell Direct
March 20, 2024

Morning Bell 19 March

Bell Direct
March 19, 2024

Morning Bell 18 March

Bell Direct
March 18, 2024