Skip to main content

Morning Bell 16 August

Jessica Amir
August 16, 2021

The Aussie share market is set to open lower, with the futures suggesting a fall of 0.1% or 9 points.

What to watch today:

  • So far this reporting season, 80% of companies that have released their results, have met or exceeded guidance.
    • JB Hi-Fi (ASX:JBH) reporting NPAT growth of 67.4% to $506.1 million in the 2021 financial year, in line with expectations.
    • GPT Group (ASX:GPT) reported net profit soared 246% to $760.5 million, beating expectations of $291.7 million profit growth.
    • Also set to report today: Beach Energy (ASX:BPT) and Lendlease (ASX:LLC). BHP (ASX:BHP) will report tomorrow.
  • The oil price is trading 0.4% lower at US$68.17 a barrel.
  • The gold price is up 0.1% to US$1,780, and the iron ore price is slightly higher up 0.1% to US$167.95
  • Economic news this week: Tomorrow, BRA meeting minutes will be released. Employment data is out on Thursday, with unemployment expected to rise to 5% from 4.9%.

Trading Ideas:

  • Bell Potter upgraded its price target on Liontown Resources (ASX:LTR), from $0.61 to $1.33.
  • Hazer Group (ASX:HZR), Silver Mines (ASX:SVL), and Duratec (ASX:DUR) are all giving off bullish charting signals, according to Trading Central.

Equity Investor 5 February

Julia Lee
February 6, 2018

Market Update

Julia Lee
February 6, 2018

Market Update

Julia Lee
February 5, 2018

Weekly Wrap 2 February

Julia Lee
February 5, 2018

Market Update

Julia Lee
February 2, 2018

Market Update

Julia Lee
February 1, 2018

Market Update

Julia Lee
January 31, 2018

Market Update

Julia Lee
January 30, 2018

Equity Investor 29 Jan

Julia Lee
January 30, 2018

Reporting season preview

Julia Lee
January 29, 2018

Market Update

Julia Lee
January 25, 2018

Market Update

Julia Lee
January 24, 2018