Skip to main content

Morning Bell 13 September

Jessica Amir
September 13, 2021

The major US indices closed lower on Friday and today, the futures are suggesting that the Aussie market will follow Wall Street and fall 0.4%.

What to watch today:

  • The focus will be on travel and tourism stocks as the QLD and NSW border reopens.
  • Monash Uni and CSIRO have developed a battery that can allow electric buses and trucks to travel from Melbourne to Sydney without recharging. The duo also said the innovation could be ready in a decade and also work in agricultural drones – with lithium batteries needing to be light weight. So keep an eye on lithium majors like Orocobre (ASX:ORE), Pilbara Minerals (ASX:PLS) and small cap stocks like Lake Resources (ASX:LKE) & Vulcan Energy Resources (ASX:VUL).
  • The oil price rebounded 2% and rose 0.5% on the week.
  • The nickel price hit a fresh 7-year high and gold went the other way, and fell below US$1,800 as the safe haven USD rose .
  • The iron ore price fell again, losing 0.5% to US$133 a tonne – getting very close to where some analysts think the iron ore price will bottom at US$115 before slowly rebounding.
  • Companies going ex-div today include: HUB24 (ASX:HUB), Healius (ASX:HLS), Chorus (ASX:CNU).
  • Economic news this week includes business confidence on Tuesday, consumer confidence on Wednesday and employment data on Thursday.

Trading ideas:

  • Bell Potter put out a banking note this morning reiterating BUY ratings for three of the big banks, calling CBA, ANZ and NAB a BUY, while WBC is a HOLD.
  • Bell Potter maintained S2 Resources (ASX:S2R) as a Speculative BUY stock with $0.18 target, implying 84% share price growth in a year.
  • Bullish charting signals have been identified in archTIS (ASX:AR9), Mach7 Technologies (ASX:M7T), and Viva Leisure (ASX:VVA), according to Trading Central

Morning Bell 16 December

Bell Direct
December 16, 2022

Closing Bell 15 December

Grady Wulff
December 15, 2022

Morning Bell 15 December

Grady Wulff
December 15, 2022

Closing Bell 14 December

Grady Wulff
December 14, 2022

Morning Bell 14 December

Grady Wulff
December 14, 2022

Closing Bell 13 December

Grady Wulff
December 13, 2022

Morning Bell 13 December

Sophia Mavridis
December 13, 2022

Closing Bell 12 December

Grady Wulff
December 12, 2022

Morning Bell 12 December

Grady Wulff
December 12, 2022

Weekly Wrap 9 December

Grady Wulff
December 9, 2022

Morning Bell 9 December

Grady Wulff
December 9, 2022

Closing Bell 8 December

Grady Wulff
December 8, 2022