Skip to main content

Latest stock market podcasts

Morning Bell 8 October

Jessica Amir
October 8, 2020

The Aussie market looks set to open 0.4% higher. So far the market has already gained 4.3% this week, its best gain in 20 weeks – so the key is sustaining that.

Overnight, U.S. equities got a kick after U.S. President Trump back peddled in a Tweet, urging Congress to approve COVID-19 stimulus measures like airline support, support for small business and a $1,200 payment to individuals.

Commodities:

  • The oil price is back above US$40 despite having a volatile night.
  • Gold has slipped almost 3% in two days to US$1,890 on the back of stimulus hopes, with traders ploughing back into equities instead.

What to watch today:

  1. Companies going ex-dividend today: include Pengana International Equities (ASX:PIA), and ARB (ASX:ARB). ARB was initially one of yesterday’s best performers and its shares surged to an all-time high when the car accessory business reported sales growth of 18% in the September quarter. But today, ARB could see a pull back as companies usually trade lower on ex-div days.

Trading ideas:

  • Commonwealth Bank of Australia (ASX:CBA) was reiterated as a Bell Potter Buy, with a target price of $73.50, suggesting it will rally 11% from yesterday’s close, supported by yesterday’s budget announcement to help individuals, pensioners, and businesses.
  • Saracen (ASX:SAR) is a UBS Buy with a $6.75 target, following the proposed merger with Northern Star (ASX:NST).
  • JB Hi-Fi (ASX:JBH), Nick Scali (ASX:NCK) and Vita Group (ASX:VTG), are all showing bullish charting signals – according to Trading Central.

 

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