Skip to main content

Morning Bell 11 January

Jessica Amir
January 11, 2021

The Aussie share market is suggesting a 0.1% gain at the open after the market rose 2.6% last week.

What to watch today:

  • If Brisbane will end its 3-day lockdown at 6pm tonight or if it will be extended with a decision to be made this morning.
  • Australian retail sales data, which is expected to show a 7% jump in spending in November.

All eyes will be on commodities:

  • Iron ore stocks could rise as the iron ore price rose to US$169, a new 9-year high.
  • Gold stocks could see some selling after money poured back into equities, pulling gold down $112 in a week to US$1,835.

Local trading ideas:

  • Citi upgraded ARB (ASX:ARB) to a buy with a $34.25 price target.
  • Bapcor (ASX:BAP) is rated as a buy by Citi following cars sales momentum.
  • ASX (ASX:ASX) is a Citi sell with a $68 price target.
  • Accent (ASX:AX1) was rated as a Citi buy as profit margins are expected to increase.
  • Humm Group (ASX:HUM), Harvey Norman (ASX:HVN) and Sonic Healthcare (ASX:SHL) are all giving off strong bullish charting signals according to Trading Central.

Market Update

Julia Lee
July 18, 2017

Market Update

Julia Lee
July 17, 2017

Market Update

Julia Lee
July 14, 2017

Market Update

Julia Lee
July 13, 2017

Market Update

Julia Lee
July 12, 2017

Market Update

Julia Lee
July 11, 2017

Market Update

Julia Lee
July 10, 2017

Market Update

Julia Lee
July 7, 2017

Market Update

Julia Lee
July 6, 2017

Market Update

Julia Lee
July 5, 2017

Market Update

Julia Lee
July 4, 2017

Market Update

Julia Lee
July 3, 2017