Skip to main content

Morning Bell 21 June

Jessica Amir
June 21, 2021

The Aussie share market is set to open lower, with the futures suggesting the market will fall 1.5%.

What to watch today:

  • Australian Retail sales data is out today for May.
  • Today marks the 8th last trading day before the EOFY.
  • Lumber prices hit a record high in May of US$1,700 per thousand board feet. Watch lumber and wood producers, including Big River Industries (ASX:BRI), Wesfarmers (ASX:WES) and Midway (ASX:MWY).
  • The oil price holds at US$71.84, up by 0.3%.
  • The iron ore price fell 1.6% and trades at US$217.
  • The copper price fell to a two month low, losing 1.2% and falling 7% over the week, as China is expected to sell their reserves in copper, aluminum and zinc.
  • Most traded stocks by Bell Direct clients yesterday: Galaxy Resources (ASX:GXY) and Chalice Mining (ASX:CHN).

Trading Ideas:

  • Avita Therapeutics (ASX:AVH) was reiterated as a Bell Potter BUY with a $9.80 target, implying 75% share price growth in a year.
  • Bubs Australia (ASX:BUB), Xero (ASX:XRO) and AMP (ASX:AMP) are all giving off bullish charting signals according to Trading Central.

Morning Bell 23 September

Sophia Mavridis
September 23, 2022

Closing Bell 21 September

Grady Wulff
September 21, 2022

Morning Bell 21 September

Grady Wulff
September 21, 2022

Closing Bell 20 September

Grady Wulff
September 20, 2022

Morning Bell 20 September

Paulina Peters
September 20, 2022

Closing Bell 19 September

Grady Wulff
September 19, 2022

Morning Bell 19 September

Grady Wulff
September 19, 2022

Weekly Wrap 16 September

Grady Wulff
September 16, 2022

Morning Bell 16 September

Sophia Mavridis
September 16, 2022

Morning Bell 15 September

Sophia Mavridis
September 15, 2022

Closing Bell 14 September

Grady Wulff
September 14, 2022

Morning Bell 14 September

Grady Wulff
September 14, 2022