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 19 May

Jessica Amir
May 19, 2021

Morning Bell 18 May

Jessica Amir
May 18, 2021

Morning Bell 17 May

Jessica Amir
May 17, 2021

Weekly Wrap 14 May

Jessica Amir
May 14, 2021

Morning Bell 14 May

Sophia Mavridis
May 14, 2021

Morning Bell 13 May

Jessica Amir
May 13, 2021

Morning Bell 12 May

Paulina Peters
May 12, 2021

Morning Bell 11 May

Sophia Mavridis
May 11, 2021

Morning Bell 10 May

Jessica Amir
May 10, 2021

Weekly Wrap 7 May

Jessica Amir
May 7, 2021

Morning Bell 7 May

Sophia Mavridis
May 7, 2021

Morning Bell 6 May

Paulina Peters
May 6, 2021