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.

Market Update

Julia Lee
December 11, 2017

Market Update 8 December

Julia Lee
December 8, 2017

Market Update

Julia Lee
December 7, 2017

Market Update 6 Dec

Julia Lee
December 6, 2017

Market Update

Julia Lee
December 5, 2017

Market Update

Julia Lee
December 4, 2017

Market Update

Julia Lee
November 28, 2017

November review & Portfolio strategy

Julia Lee
November 27, 2017

Market Update

Julia Lee
November 23, 2017

Market Update

Julia Lee
November 22, 2017