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.

Morning Bell 10 August

Grady Wulff
August 10, 2023

Morning Bell 9 August

Grady Wulff
August 9, 2023

Morning Bell 8 August

Sam Kanaan
August 8, 2023

Morning Bell 7 August

Grady Wulff
August 7, 2023

Weekly Wrap 4 August

Grady Wulff
August 4, 2023

Morning Bell 4 August

Sam Kanaan
August 4, 2023

Morning Bell 3 August

Grady Wulff
August 3, 2023

Morning Bell 2 August

Grady Wulff
August 2, 2023

Morning Bell 1 August

Sam Kanaan
August 1, 2023

Morning Bell 31 July

Grady Wulff
July 31, 2023