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
May 30, 2017

Market Update

Julia Lee
May 29, 2017

Market Update

Julia Lee
May 26, 2017

Market Update

Julia Lee
May 24, 2017

Market Update

Julia Lee
May 23, 2017

Market Update

Julia Lee
May 22, 2017

Market Update

Julia Lee
May 19, 2017

XTBs

Bell Direct
May 17, 2017

Market Update

Julia Lee
May 15, 2017

Market Update

Julia Lee
May 12, 2017

Market Update

Julia Lee
May 11, 2017

Market Update

Julia Lee
May 10, 2017