Skip to main content

Morning Bell 2 October

Jessica Amir
October 2, 2020

The Aussie share market is eyeing a fall of 0.5% at the open.

For the first day of October in the U.S. it was a bumpy one, with equities briefly dipping into the red after a U.S. stimulus vote was delayed to next Thursday, with traders hoping it would be done sooner.

What to watch today:

  • On the economic side, retail sales are out today and are expected to fall 4.2%.
  • The oil price has fallen 4% to US$38.
  • Gold rebounded, lifting 0.9% to US$1,912.
  • The iron ore price lifted 2%.

Trading ideas:

  • Alumina (ASX:AWC) was upgraded by Citi as a buy with a new $1.80 target.
  • SSR Mining (ASX:SSR) was initiated as a UBS buy with a $33 target, following its merger with Alacer.
  • Sezzle (ASX:SZL), Netwealth (ASX:NWL) and Paradigm Biopharmaceuticals (ASX:PAR) are all showing bullish charting signals according to Trading Central.

Morning Bell 13 November

Jessica Amir
November 13, 2020

Morning Bell 12 November

Jessica Amir
November 12, 2020

Morning Bell 11 November

Jessica Amir
November 11, 2020

Morning Bell 10 November

Jessica Amir
November 10, 2020

Morning Bell 9 November

Jessica Amir
November 9, 2020

Weekly Wrap 6 November

Jessica Amir
November 6, 2020

Morning Bell 6 November

Jessica Amir
November 6, 2020

Morning Bell 5 November

Jessica Amir
November 5, 2020

Morning Bell 4 November

Jessica Amir
November 4, 2020

Morning Bell 3 November

Jessica Amir
November 3, 2020

Morning Bell 2 November

Jessica Amir
November 2, 2020