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 5 May

Jessica Amir
May 5, 2021

Morning Bell 4 May

Jessica Amir
May 4, 2021

Morning Bell 3 May

Jessica Amir
May 3, 2021

Weekly Wrap 30 April

Jessica Amir
April 30, 2021

Morning Bell 30 April

Sophia Mavridis
April 30, 2021

Morning Bell 29 April

Paulina Peters
April 29, 2021

Morning Bell 28 April

Jessica Amir
April 28, 2021

Morning Bell 27 April

Jessica Amir
April 27, 2021

Morning Bell 26 April

Jessica Amir
April 26, 2021

Weekly Wrap 23 April

Jessica Amir
April 23, 2021

Morning Bell 23 April

Jessica Amir
April 23, 2021