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.

Weekly Wrap 27 October

Grady Wulff
October 27, 2023

Morning Bell 27 October

Sam Kanaan
October 27, 2023

Morning Bell 26 October

Grady Wulff
October 26, 2023

Morning Bell 25 October

Sophia Mavridis
October 25, 2023

Morning Bell 24 October

Sam Kanaan
October 24, 2023

Morning Bell 23 October

Grady Wulff
October 23, 2023

Weekly Wrap 20 October

Grady Wulff
October 20, 2023

Morning Bell 20 October

Sam Kanaan
October 20, 2023

Morning Bell 19 October

Grady Wulff
October 19, 2023

Morning Bell 18 October

Grady Wulff
October 18, 2023

Morning Bell 17 October

Sam Kanaan
October 17, 2023

Morning Bell 16 October

Grady Wulff
October 16, 2023