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 20 November

Jessica Amir
November 20, 2020

Morning Bell 18 November

Jessica Amir
November 18, 2020

Morning Bell 17 November

Jessica Amir
November 17, 2020

Morning Bell 16 November

Jessica Amir
November 16, 2020

Weekly Wrap 13 November

Jessica Amir
November 13, 2020

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