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 19 November

Sophia Mavridis
November 19, 2021

Morning Bell 18 November

Paulina Peters
November 18, 2021

Morning Bell 17 November

Sophia Mavridis
November 17, 2021

Morning Bell 16 November

Paulina Peters
November 16, 2021

Morning Bell 15 November

Sophia Mavridis
November 15, 2021

Weekly Wrap 12 November

Sophia Mavridis
November 12, 2021

Morning Bell 11 November

Paulina Peters
November 11, 2021

Morning Bell 10 November

Sophia Mavridis
November 10, 2021

Morning Bell 9 November

Paulina Peters
November 9, 2021

Morning Bell 8 November

Sophia Mavridis
November 8, 2021

Weekly Wrap 5 November

Sophia Mavridis
November 5, 2021

Morning Bell 4 November

Paulina Peters
November 4, 2021