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.

Morning Bell 6 April

Paulina Peters
April 6, 2022

Morning Bell 5 April

Sophia Mavridis
April 5, 2022

Morning Bell 4 April

Sophia Mavridis
April 4, 2022

Weekly Wrap 1 April

Sophia Mavridis
April 1, 2022

Morning Bell 31 March

Paulina Peters
March 31, 2022

Morning Bell 30 March

Sophia Mavridis
March 30, 2022

Morning Bell 29 March

Paulina Peters
March 29, 2022

Morning Bell 28 March

Sophia Mavridis
March 28, 2022

Weekly Wrap 25 March

Sophia Mavridis
March 25, 2022

Morning Bell 24 March

Sophia Mavridis
March 24, 2022

Morning Bell 23 March

Paulina Peters
March 23, 2022