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 30 June

Sophia Mavridis
June 30, 2023

Morning Bell 29 June

Grady Wulff
June 29, 2023

Morning Bell 28 June

Grady Wulff
June 28, 2023

Morning Bell 27 June

Grady Wulff
June 27, 2023

Morning Bell 26 June

Grady Wulff
June 26, 2023

Weekly Wrap 23 June

Grady Wulff
June 23, 2023

Morning Bell 23 June

Sophia Mavridis
June 23, 2023

Morning Bell 22 June

Sophia Mavridis
June 22, 2023

Morning Bell 21 June

Grady Wulff
June 21, 2023

Morning Bell 20 June

Grady Wulff
June 20, 2023

Morning Bell 19 June

Grady Wulff
June 19, 2023

Weekly Wrap 16 June

Grady Wulff
June 16, 2023