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 7 August

Bell Direct
August 7, 2020

Morning Bell 7 August

Bell Direct
August 7, 2020

Morning Bell 6 August

Bell Direct
August 6, 2020

Morning Bell 5 August

Bell Direct
August 5, 2020

Morning Bell 4 August

Bell Direct
August 4, 2020

Morning Bell 3 August

Bell Direct
August 3, 2020

Monthly Wrap July 2020

Bell Direct
July 31, 2020

Morning Bell 31 July

Bell Direct
July 31, 2020

Morning Bell 30 July

Bell Direct
July 30, 2020

Morning Bell 29 July

Bell Direct
July 29, 2020

Morning Bell 28 July

Bell Direct
July 28, 2020

Morning Bell 27 July

Bell Direct
July 27, 2020