Skip to main content

Morning Bell 7 July

Sophia Mavridis
July 7, 2021

Yesterday, the RBA held the cash rate at 0.1%, where it is likely to stay until 2024. After the announcement, the Aussie share market continued to fall until the close, ending 53 points lower.

Today, the Aussie share market is set to open flat. The futures are suggesting a fall of 11 points or 0.2%, down to 7,162 points.

What to watch today:

  • Sydney Airport (ASX:SYD) has seen a lot of movement this week. On Monday, SYD’s share price jumped almost 34% after they announced an all cash $22.6 billion buy out offer from infrastructure investors.
  • Mineral Resources (ASX:MIN) announced they will be drilling its own natural gas supply in Perth. The project aims to provide energy security for the company’s future mining operations at a lower cost. Yesterday MIN closed 0.4% higher.
  • NSW Premier Gladys Berejiklian is set to extend the current lockdown, originally set to end this Friday.
  • The oil price is trading 1.9% lower, gold is trading 0.2% higher and the iron ore price is trading 2.4% higher.
  • The most traded stocks by Bell Direct clients were Woodside Petroleum (ASX:WPL), Brainchip (ASX:BRN), and Australia and New Zealand Bank (ASX:ANZ).

Trading ideas:

  • Bell Potter have upgraded their recommendation on Uniti Group (ASX:UWL) from a HOLD to a BUY, with an increased price target of $3.60 (previously $3.20).
  • Citi have a BUY recommendation on Ramsay Heath Care (ASX:RHC) with a $76 price target.
  • Bullish charting signals have been identified in Cyprium Metals (ASX:CYM), Dropsuite (ASX:DSE) and CleanSpace Holdings (ASX:CSX) according to Trading Central.

Technical Insights Tutorial

Bell Direct
March 7, 2016

Daily Trading Idea Tutorial

Bell Direct
March 7, 2016

Market Insights 26 Feb

Julia Lee
February 26, 2016

Small Cap CEO Interview: Ahalife

Bell Direct
February 24, 2016

Bell Potter: Hybrid stocks

Bell Direct
January 28, 2016

Bell Potter outlook: resources

Bell Direct
January 26, 2016

Richard Hemming: small cap dividend stocks

Richard Hemming
January 22, 2016

Bell Potter Financials Outlook

Bell Direct
January 22, 2016

Travel Sector Outlook

Bell Direct
January 22, 2016