Skip to main content

Morning Bell 20 October

Jessica Amir
October 20, 2021

US stocks travelled higher overnight, boosted by stronger than expected earnings.

This morning, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.7%.

What to watch today:

  • In company news, Atlas Arteria (ASX:ALX) reported a 9.7% jump in toll revenue in the quarter, as traffic is picking up.
  • Gold stocks to watch include Evolution Mining (ASX:EVN) which reported higher than expected production in the quarter and OZ Minerals (ASX:OZL) which announced copper production is tracking in line with guidance, while it expected gold production to increase. The copper price is also trading at a record all-time high.
  • Flight Centre (ASX:FLT) is set to hold its AGM today.
  • The oil price hit a new 7-year high overnight at US$83, after rising 0.7% overnight and 30% in two months. Watch Australis Oil & Gas (ASX:ATS) and Global Energy Ventures (ASX:GEV). Also watch this week’s best performing energy stocks, including Beach Energy (ASX:BPT) which is up 3.5% and Whitehaven Coal (ASX:WHC) which is up approximately 2%.

Trading Ideas:

  • The owner of Autobarn, Midas and Burson Autoparts, Bapcor (ASX:BAP) was reiterated as a Citi BUY stock with an increased 12-month target price of $8.75, implying 14% share price growth from yesterday’s close.
  • Bullish charting signals have been seen in Imugene (ASX:IMU), Lake Resources (ASX:LKE) and Nearmap (ASX:NEA), according to Trading Central.

Morning Bell 27 November

Grady Wulff
November 27, 2023

Weekly Wrap 24 November

Grady Wulff
November 24, 2023

Morning Bell 24 November

Sam Kanaan
November 24, 2023

Morning Bell 23 November

Grady Wulff
November 23, 2023

Morning Bell 22 November

Grady Wulff
November 22, 2023

Morning Bell 21 November

Sam Kannan
November 21, 2023

Morning Bell 20 November

Grady Wulff
November 20, 2023

Weekly Wrap 17 November

Grady Wulff
November 17, 2023

Morning Bell 17 November

Sam Kanaan
November 17, 2023

Morning Bell 16 November

Sam Kanaan
November 16, 2023

Morning Bell 15 November

Grady Wulff
November 15, 2023