Skip to main content

Morning Bell 8 July

Jessica Amir
July 8, 2021

The Aussie share market is set to open higher, with the futures suggesting a modest lift of 0.2% or 11 points.

What to watch today:

  • The NSW Treasury estimates that Sydney’s three week lockdown will cost the NSW economy $2.5 billion, with hospitality hit the hardest. Long term investors could take advantage of stocks pulling back as a result. Watch Endeavour Group (ASX:EDV).
  • The RBA Governor will give a speech on the labour market and interest rates today at 12:30pm AEST.
  • The oil price (WTI) briefly hit a new six year high before pulling back to US$72.00.
  • The iron ore price rose 0.2% to US$214.00.

Trading Ideas:

  • Speciality chemical business DGL Group (ASX:DGL) was reiterated as a Bell Potter BUY with an increased price target of $1.65, implying 18% share price growth in a year. DGL was listed this year on the ASX.
  • Medadviser (ASX:MDR), Ingenia (ASX:INA) and Altium (ASX:ALU) are all giving off bullish charting signals according to Trading Central.

Morning Bell 29 February

Sam Kanaan
February 29, 2024

Morning Bell 28 February

Grady Wulff
February 28, 2024

Morning Bell 27 February

Grady Wulff
February 27, 2024

Morning Bell 26 February

Grady Wulff
February 26, 2024

Weekly Wrap 23 February

Grady Wulff
February 23, 2024

Morning Bell 22 February

Sam Kanaan
February 22, 2024

Morning Bell 21 February

Grady Wulff
February 21, 2024

Morning Bell 20 February

Grady Wulff
February 20, 2024

Morning Bell 19 February

Grady Wulff
February 19, 2024

Weekly Wrap 16 February

Sophia Mavridis
February 16, 2024