Skip to main content

Morning Bell 25 June

Sophia Mavridis
June 25, 2021

US equities rose overnight after President Joe Biden settled on an infrastructure deal, which is to include $579 billion in spending. All three US equity benchmarks closed higher.

Yesterday, the ASX200 closed in the red, down 23 points, in a session where Woolworths (ASX:WOW) demerged from Endeavour Group (ASX:EDV) who own liquor chains Dan Murphy’s and BWS.

However, following the positive night in the US, the Aussie share market is set to open 0.7% higher.

What to watch today:

  • Travel companies as they continue to underperform due to the current uncertainly amid rising COVID-19 cases in NSW. Premier Gladys Berejiklian reintroduced restrictions this week, and Queensland has shut their border to NSW. So keep an eye on travels stocks such as Flight Centre (ASX:FLT), as well as Qantas (ASX:QAN) which was down almost 2% yesterday.
  • The gold price dipped 0.2% as the mixed Fed outlook puts investors on edge, copper was also down 0.2%, and iron ore is trading 0.02% lower.
  • The oil price however, pushed higher, up 0.3%, so watch energy producers such as Woodside Petroleum (ASX:WPL) and Santos (ASX:STO).
  • The most traded stocks by Bell Direct clients yesterday were Woolworths (ASX:WOW), Afterpay (ASX:APT) and CSL Limited (ASX:CSL).

Trading ideas:

  • Bell Potter have reiterated their BUY recommendation on Acrow Formwork and Construction Services (ASX:ACF), with an increased price target at $0.46. Bell Potter’s positive view towards ACF is based on their leverage to civil infrastructure markets and their transition away from the commoditised residential scaffolding market.
  • Bell Potter have also initiated Tulla Resources (ASX:TUL) as a Speculative BUY. They are a gold development and mineral exploration company. TUL closed yesterday at $0.46 implying 97.8% share price growth.
  • Kogan (ASX:KGN), Appen (ASX:APX) and Alcidion Group (ASX:ALC) are all giving off bullish charting signals according to Trading Central.

Morning Bell 26 April

Sam Kanaan
April 26, 2024

Morning Bell 24 April

Grady Wulff
April 24, 2024

Morning Bell 23 April

Sam Kanaan
April 23, 2024

Morning Bell 22 April

Grady Wulff
April 22, 2024

Morning Bell 19 April

Sam Kanaan
April 19, 2024

Morning Bell 18 April

Grady Wulff
April 18, 2024

Morning Bell 17 April

Grady Wulff
April 17, 2024

Morning Bell 16 April

Sam Kanaan
April 16, 2024

Morning Bell 15 April

Grady Wulff
April 15, 2024

7 Minutes with 7 Executives

Bell Direct
April 12, 2024