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 30 May

Grady Wulff
May 30, 2023

Morning Bell 29 May

Grady Wulff
May 29, 2023

Weekly Wrap 26 May

Grady Wulff
May 26, 2023

Morning Bell 26 May

Sophia Mavridis
May 26, 2023

Morning Bell 25 May

Grady Wulff
May 25, 2023

Morning Bell 24 May

Grady Wulff
May 24, 2023

Morning Bell 23 May

Grady Wulff
May 23, 2023

Weekly Wrap 12 May

Grady Wulff
May 12, 2023

Morning Bell 12 May

Sophia Mavridis
May 12, 2023

Morning Bell 11 May

Grady Wulff
May 11, 2023

Morning Bell 10 May

Grady Wulff
May 10, 2023