Skip to main content

Morning Bell 10 June

Sophia Mavridis
June 10, 2021

The Aussie share market is set to open lower, with the futures suggesting the market will fall 0.04% to 7,272 points.

Investors are cautious pending the release of the US Inflation report for May, which will be released tonight 10:30pm AEST.

What to watch today:

  • Australia’s Consumer Inflation Expectations will be released at 11am this morning.
  • Watch Brickworks (ASX:BKW), after they just hit a record high at $23.54. The company announced they expect record earnings of $100 million from a Joint Venture Industrial Property Trust.
  • Keep an eye on travel stocks as Melbourne’s restrictions are set to ease from midnight tonight.
  • The oil price is down 0.4%, gold is down 0.2% and copper is down 0.6%, while iron ore is trading 1.1% higher.
  • The most traded stocks by Bell Direct clients yesterday were: Iluka Resources (ASX:ILU), Fortescue Metals (ASX:FMG) and Australia and New Zealand Bank (ASX:ANZ).

Trading ideas:

  • Bell Potter have maintained their BUY recommendation on Coronado Global Resources (ASX:CRN), with a $1.10 price target (previously $0.95).
  • Bell Potter have maintained their BUY recommendation on Whitehaven Coal (ASX:WHC) with an increased price target of $2.40 (previously $2.25).
  • Bell Potter also have a BUY recommendation on Doctor Care Anywhere (ASX:DOC). They have lowered their price target on DOC from $1.95 to $1.70.
  • Consistent with Bell Potter, Trading Central are also bullish on Whitehaven Coal (ASX:WHC). Lynas Rare Earths (ASX:LYC) and Marley Spoon (ASX:MMM), are also giving off bullish charting signals according to Trading Central.

Weekly Wrap 31 May

Bell Direct
May 31, 2024

Morning Bell 31 May

Bell Direct
May 31, 2024

Morning Bell 30 May

Bell Direct
May 30, 2024

Morning Bell 29 May

Bell Direct
May 29, 2024

Morning Bell 28 May

Bell Direct
May 28, 2024

Morning Bell 27 May

Grady Wulff
May 27, 2024

Morning Bell 23 May

Bell Direct
May 23, 2024

Morning Bell 22 May

Grady Wulff
May 22, 2024

Morning Bell 21 May

Sam Kanaan
May 21, 2024

Morning Bell 20 May

Grady Wulff
May 20, 2024

Weekly Wrap 17 May

Sophia Mavridis
May 17, 2024