Skip to main content

Morning Bell 24 June

Jessica Amir
June 24, 2020

The Aussie share market is eyeing a 3rd day of gains with the futures suggesting a 0.2% lift at the open after global equities charged and ratings agency Moody’s affirmed Australia’s AAA rating.

What to watch today:

  • CSR (ASX:CSR) holds its AGM.
  • Following the gold rush, keep an eye on gold companies like Gold Road Resources (ASX:GOR), Newcrest Mining (ASX:NCM), Northern Star Resources (ASX:NST), Evolution Mining (ASX:EVN), IGO Ltd (ASX:IGO) & St Barbara (ASX:SBM).

Local trading ideas:

  • AMP (ASX:AMP) was reiterated as a buy by Bell Potter, increasing its target to $2.50 as AMP is set to receive $1.1 billion following the sales of its life insurance business on 30 June.
  • Woolworths (ASX:WOW) was reiterated as a buy by UBS following the supermarket’s stronger sales numbers announced yesterday, but weaker than expected profit.
  • Perenti Global (ASX:PRN) mining services company was reiterated as a buy by UBS but it dropped its price target to $2.00.
  • Citi reiterated Harvey Norman (ASX:HVN) as a buy with a price target of $4.60.

Market Update

Bell Direct
April 12, 2017

Market Update

Bell Direct
April 11, 2017

Market Update

Bell Direct
April 10, 2017

Market Update

Julia Lee
April 7, 2017

Market Update

Julia Lee
April 6, 2017

Market Update

Julia Lee
April 5, 2017

Market Update

Julia Lee
April 4, 2017

Market Update

Julia Lee
April 3, 2017

Market Update

Julia Lee
March 31, 2017

Market Update

Julia Lee
March 30, 2017

March Overview

Julia Lee
March 28, 2017