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 21 April

Sophia Mavridis
April 21, 2023

Morning Bell 20 April

Grady Wulff
April 20, 2023

Morning Bell 19 April

Grady Wulff
April 19, 2023

Morning Bell 18 April

Sophia Mavridis
April 18, 2023

Morning Bell 17 April

Grady Wulff
April 17, 2023

Weekly Wrap 14 April

Grady Wulff
April 14, 2023

Morning Bell 14 April

Sophia Mavridis
April 14, 2023

Morning Bell 13 April

Grady Wulff
April 13, 2023

Morning Bell 12 April

Grady Wulff
April 12, 2023

Morning Bell 11 April

Sophia Mavridis
April 11, 2023

Morning Bell 6 April

Sophia Mavridis
April 6, 2023

Morning Bell 5 April

Sophia Mavridis
April 5, 2023