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 23 August

Bell Direct
August 23, 2024

Morning Bell 22 August

Grady Wulff
August 22, 2024

Morning Bell 21 August

Bell Direct
August 21, 2024

Morning Bell 20 August

Bell Direct
August 20, 2024

Morning Bell 19 August

Bell Direct
August 19, 2024

Weekly Wrap 16 August

Bell Direct
August 16, 2024

Morning Bell 15 August

Bell Direct
August 15, 2024

Morning Bell 14 August

Grady Wulff
August 14, 2024

Morning Bell 13 August

Bell Direct
August 13, 2024

Morning Bell 12 August

Grady Wulff
August 12, 2024