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.

Morning Bell 3 July

Grady Wulff
July 3, 2023

Weekly Wrap 30 June

Grady Wulff
June 30, 2023

Morning Bell 30 June

Sophia Mavridis
June 30, 2023

Morning Bell 29 June

Grady Wulff
June 29, 2023

Morning Bell 28 June

Grady Wulff
June 28, 2023

Morning Bell 27 June

Grady Wulff
June 27, 2023

Morning Bell 26 June

Grady Wulff
June 26, 2023

Weekly Wrap 23 June

Grady Wulff
June 23, 2023

Morning Bell 23 June

Sophia Mavridis
June 23, 2023

Morning Bell 22 June

Sophia Mavridis
June 22, 2023

Morning Bell 21 June

Grady Wulff
June 21, 2023

Morning Bell 20 June

Grady Wulff
June 20, 2023