Skip to main content

Morning Bell 13 October

Jessica Amir
October 13, 2021

The Aussie share market is set to rise 0.2% and possibly erase yesterday’s fall of 0.26%.

What to watch today:

  • The price of coal edged back closer to its record and nickel hit a one month high, while aluminium hit a 13-year high. Stocks to watch include coal companies Whitehaven Coal (ASX:WHC), Coronado (ASX:CRN), and New Hope (ASX:NHC), nickel stocks Western Areas (ASX:WSA), and Nickel Mines (ASX:NIC), and aluminium stocks Alumina (ASX:AWC), South32 (ASX:S32) and Rio Tinto (ASX:RIO).
  • The iron ore price in China fell 4.5% to US$129 and oil set a new 7-year high rising over US$80 a barrel after jumping 1.5%.
  • Commonwealth Bank (ASX:CBA) and Southern Cross Media (ASX:SXL) hold their AGMs today.
  • Gowing Bros (ASX:GOW) goes ex-dividend today and EQUINOX (ASX:EQN) is due to list today.

Trading Ideas:

  • Bell Potter reiterated their BUY rating on Life360 (ASX:360) with a $10.75 price target, implying 23% share price growth in a year.
  • Citi downgraded Zip (ASX:Z1P) from a BUY to a HOLD on the back of lower customer growth in the US and has decreased its price target to $7.40.
  • Bullish charting signals have been identified in Splitit (ASX:SPT), Damstra (ASX:DTC) and CleanSpace Holdings (ASX:CSX), according to Trading Central.

Morning Bell 21 August

Grady Wulff
August 21, 2023

Weekly Wrap 18 August

Grady Wulff
August 18, 2023

Morning Bell 18 August

Sam Kanaan
August 18, 2023

Morning Bell 17 August

Grady Wulff
August 17, 2023

Morning Bell 16 August

Grady Wulff
August 16, 2023

Morning Bell 15 August

Sam Kanaan
August 15, 2023

Morning Bell 14 August

Grady Wulff
August 14, 2023

Weekly Wrap 11 August

Grady Wulff
August 11, 2023

Morning Bell 11 August

Sam Kanaan
August 11, 2023

Morning Bell 10 August

Grady Wulff
August 10, 2023