Skip to main content

Latest stock market podcasts

Morning Bell 9 August

Jessica Amir
August 9, 2021

Today, the Aussie share market is set to rally up 0.4% as stocks in the US mostly closed higher on at the weekend following a stronger than expected US jobs report.

 

All eyes this week will also be on companies reporting.

 

What to watch today:

  • The NSW Premier set a target for 70% of the population to be vaccinated before restrictions are eased. NSW construction works in non-hotspot LGAs are now allowed back at work, if they have received their first vaccine dose.
  • Suncorp (ASX:SUN) reported NPAT jumped 13% to $1.3 billion, beating the $976.3 million profit expected. SUN also declared a 40cps dividend, a special 8cps dividend, and a $250 million share buyback. Suncorp also reported that the biggest growth in the financial year came from a 42% jump in insurance profit and a 69% jump in banking profit thanks to surges in lending and savings.
  • Reporting this week: Commonwealth Bank (ASX:CBA) report on Wednesday, with headline profit expected to be $8.6 billion with a $5 billion share buyback for shareholders. Also, Telstra (ASX:TLS) reports on Thursday, with expected profit of $1.5 billion and $1.4 billion share buyback for shareholders.
  • The oil price fell 1.2% to US$67.24 a barrel, on fears that demand will slow as US COVID-19 cases are at a 6 month high.
  • Gold slid 2% on stronger than expected US job numbers. And iron ore steadied, gaining 0.1%. In New York on Friday, RIO finished 0.2% up, while BHP fell 0.4%.
  • Business and consumer confidence data will be released on Tuesday and Wednesday.

 

Trading Ideas:

  • Comet Ridge (ASX:COI) was reiterated as a Bell Potter Speculative BUY, with an increased price target of $0.18.
  • FYI Resources (ASX:FYI), Sheffield Resources (ASX:SFX) and Corporate Travel Management (ASX:CTD) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 20 December

Bell Direct
December 20, 2024

Morning Bell 19 December

Bell Direct
December 19, 2024

Morning Bell 18 December

Bell Direct
December 18, 2024

Morning Bell 17 December

Bell Direct
December 17, 2024

Morning Bell 16 December

Bell Direct
December 16, 2024

Weekly Wrap 13 December

Bell Direct
December 13, 2024

Morning Bell 12 December

Bell Direct
December 12, 2024

Morning Bell 11 December

Bell Direct
December 11, 2024

Morning Bell 10 December

Bell Direct
December 10, 2024

Morning Bell 9 December

Bell Direct
December 9, 2024

Weekly Wrap 6 December

Bell Direct
December 6, 2024