Skip to main content

Morning Bell 9 March

Jessica Amir
March 9, 2021

The Aussie share market is expected to lift 0.7% if the futures are correct with the focus to be on commodity and cyclicals stocks.

What to watch today:

  • DDH1 (ASX:DDH) is expected to float on the ASX today at 1pm, the second biggest IPO this year.
  • Lithium major and UBS buy, Galaxy Resources (ASX:GXY) is set to bounce after releasing its Preliminary Economic Assessment for its Quebec project in Canada. This allows Galaxy to advance the project straight into engineering phase. • Resilient iron ore stocks could see a rally as the iron ore price rose 0.3% to US$173
  • Oil stocks are likely to take a breather as the oil price fell over 2% overnight to US$64.
  • Gold slumped to a new nine month low losing 1.2%

Economic news this week:

  • Business confidence figures are released today
  • New home sales data for Feb is out

Trading ideas:

  • Calix (ASX:CXL) was given a big upgrade by Bell Potter overnight with a new $2.94 target.
  • Praemium (ASX:PPS), Lovisa (ASX:LOV) and Humm (ASX:HUM) are giving off bullish charting signals according to Trading Central.

Equity Investor

Julia Lee
May 16, 2018

Market Update

Julia Lee
May 10, 2018

Equity Investor 7 May

Julia Lee
May 8, 2018

Market Update

Julia Lee
April 26, 2018

Market Update

Julia Lee
April 26, 2018

Equity Investor 23 April 2018

Bell Direct
April 24, 2018

Market Update

Julia Lee
April 18, 2018

Equity Investor 16 April

Julia Lee
April 17, 2018

Market Update

Julia Lee
April 12, 2018

LIC video – understand the basics

Bell Direct
April 11, 2018