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.

Morning Bell 1 September

Sophia Mavridis
September 1, 2023

Morning Bell 31 August

Grady Wulff
August 31, 2023

Morning Bell 30 August

Grady Wulff
August 30, 2023

Morning Bell 29 August

Sophia Mavridis
August 29, 2023

Morning Bell 28 August

Grady Wulff
August 28, 2023

Weekly Wrap 25 August

Grady Wulff
August 25, 2023

Morning Bell 25 August

Sam Kanaan
August 25, 2023

Morning Bell 24 August

Grady Wulff
August 24, 2023

Morning Bell 23 August

Grady Wulff
August 23, 2023

Morning Bell 22 August

Sam Kanaan
August 22, 2023