Skip to main content

Morning Bell 19 October

Jessica Amir
October 19, 2021

The Aussie share market is set to open higher, with the futures suggesting a fall of 0.3%.

What to watch today:

  • Stocks exposed to China will be a focus today, as Chinese industrial production and economic growth both slowed more than expected. Australian companies such as commodity giants BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG), who export to China, would have noticed less commodity sales.
  • In company news, BHP (ASX:BHP), Northern Star Resources (ASX:NST) and Stockland (ASX:SGP) are set to report quarterly numbers.
  • BHP (ASX:BHP) announced the proposed merger of its Petroleum business with Woodside Petroleum (ASX:WPL) will likely go ahead in November 2021, creating a global top 10 energy company. Most analysts have BHP as a HOLD, except Macquarie who have BHP as a BUY with a 12-month price target of $56.
  • Oil holds its new 7-year high at US$82.29, and the price of platinum has risen 2%. Watch Zimplans (ASX:ZMI), Challice Mining (ASX:CHN) and Podium Minerals (ASX:POD). Palladium is up almost 3%, so you could also watch CHN, Liontown Resources (ASX:LTR) and Impact Minerals (ASX:IPT).

Trading Ideas:

  • Bell Potter reiterated Temple and Webster (ASX:TPW) as a HOLD with a 12-month price target of $12.75.
  • Bullish charting signals have been identified in Mayne Pharma (ASX:MYX), Centaurus (ASX:CTM) and Emyria (ASX:EMD) according to Trading Central.

Morning Bell 2 June

Jessica Amir
June 2, 2021

Morning Bell 1 June

Paulina Peters
June 1, 2021

Morning Bell 31 May

Paulina Peters
May 31, 2021

Weekly Wrap 28 May

Jessica Amir
May 28, 2021

Morning Bell 28 May

Sophia Mavridis
May 28, 2021

Morning Bell 27 May

Paulina Peters
May 27, 2021

Morning Bell 26 May

Jessica Amir
May 26, 2021

Morning Bell 25 May

Jessica Amir
May 25, 2021

Morning Bell 24 May

Jessica Amir
May 24, 2021

Weekly Wrap 21 May

Jessica Amir
May 21, 2021

Morning Bell 21 May

Sophia Mavridis
May 21, 2021