Skip to main content

Morning Bell 18 June

Jessica Amir
June 18, 2021

Overnight US tech stocks claimed back some lost territory following a two day sell off.

This morning the Aussie share market is eyeing a positive day, with the futures suggesting a 0.5% lift, which means the market is on track for its 6th weekly gain.

What to watch today:

  • Traders and investors continue to readjust their portfolios with 9 more trading days until the EOFY.
  • Today tech stocks will likely rally higher following the Nasdaq’s 0.9% gain overnight.
  • Altium (ASX:ALU) provided a trading update and reiterated its FY21 guidance. Bell Potter have a HOLD recommendation on ALU, with a $37.50 price target.
  • Sydney Airport (ASX:SYD) provided a Traffic update for May, noting 1.4 million passengers passed through its airport. Morgan Stanley reiterated (ASX:SYD) as a BUY stock yesterday.
  • The oil price fell slightly from its multi-year high, trading at US$71.00.
  • The iron ore price eased 2.3% lower from its record high and now trades at US$217.00.
  • The most traded stocks by Bell Direct clients yesterday: BrainChip (ASX:BRN) and Nuix (ASX:NXL).

Trading Ideas:

  • Cluey (ASX:CLU) was reiterated as a Bell Potter Speculative BUY with a $1.70 target, expecting 76% share price growth in a year.
  • Money3 Corporation (ASX:MNY) was initiated as a Bell Potter BUY with a $3.70 target.
  • Lake Resources (ASX:LKE), Bigtincan (ASX:BTH) and Polynovo (ASX:PNV) are all giving off bullish charting signals according to Trading Central.

Morning Bell 4 September

Grady Wulff
September 4, 2023

Weekly Wrap 1 September

Grady Wulff
September 1, 2023

Morning Bell 1 September

Sophia Mavridis
September 1, 2023

Morning Bell 31 August

Grady Wulff
August 31, 2023

Morning Bell 30 August

Grady Wulff
August 30, 2023

Morning Bell 29 August

Sophia Mavridis
August 29, 2023

Morning Bell 28 August

Grady Wulff
August 28, 2023

Weekly Wrap 25 August

Grady Wulff
August 25, 2023

Morning Bell 25 August

Sam Kanaan
August 25, 2023

Morning Bell 24 August

Grady Wulff
August 24, 2023

Morning Bell 23 August

Grady Wulff
August 23, 2023