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 26 October

Paulina Peters
October 26, 2021

Morning Bell 25 October

Sophia Mavridis
October 25, 2021

Weekly Wrap 22 October

Sophia Mavridis
October 22, 2021

Morning Bell 21 October

Paulina Peters
October 21, 2021

Morning Bell 20 October

Jessica Amir
October 20, 2021

Morning Bell 19 October

Jessica Amir
October 19, 2021

Morning Bell 18 October

Jessica Amir
October 18, 2021

Weekly Wrap 15 October

Jessica Amir
October 15, 2021

Morning Bell 15 October

Paulina Peters
October 15, 2021

Morning Bell 14 October

Jessica Amir
October 14, 2021

Morning Bell 12 October

Sophia Mavridis
October 12, 2021

Morning Bell 11 October

Jessica Amir
October 11, 2021