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 30 March

Sophia Mavridis
March 30, 2022

Morning Bell 29 March

Paulina Peters
March 29, 2022

Morning Bell 28 March

Sophia Mavridis
March 28, 2022

Weekly Wrap 25 March

Sophia Mavridis
March 25, 2022

Morning Bell 24 March

Sophia Mavridis
March 24, 2022

Morning Bell 23 March

Paulina Peters
March 23, 2022

Morning Bell 22 March

Paulina Peters
March 22, 2022

Morning Bell 21 March

Sophia Mavridis
March 21, 2022

Weekly Wrap 18 March

Sophia Mavridis
March 18, 2022

Morning Bell 17 March

Paulina Peters
March 17, 2022

Morning Bell 16 March

Sophia Mavridis
March 16, 2022

Morning Bell 15 March

Paulina Peters
March 15, 2022