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.

Weekly Wrap 27 October

Grady Wulff
October 27, 2023

Morning Bell 27 October

Sam Kanaan
October 27, 2023

Morning Bell 26 October

Grady Wulff
October 26, 2023

Morning Bell 25 October

Sophia Mavridis
October 25, 2023

Morning Bell 24 October

Sam Kanaan
October 24, 2023

Morning Bell 23 October

Grady Wulff
October 23, 2023

Weekly Wrap 20 October

Grady Wulff
October 20, 2023

Morning Bell 20 October

Sam Kanaan
October 20, 2023

Morning Bell 19 October

Grady Wulff
October 19, 2023

Morning Bell 18 October

Grady Wulff
October 18, 2023

Morning Bell 17 October

Sam Kanaan
October 17, 2023

Morning Bell 16 October

Grady Wulff
October 16, 2023