Latest stock market podcasts

Morning Bell 1 September

Bell Direct
September 1, 2020

The Australian dollar has continued to soar, hitting a new two-year high overnight, 73.75 US cents. The reason for that is that the U.S. dollar continues to retreat, as inflation is now being encouraged to rise to over 2%, while interest rates are likely to remain at record lows for some time. Overnight, U.S. indices closed mixed, with the top 30 stocks, the Dow Jones falling 0.8%. The Nasdaq meanwhile gained 0.7%, supported by Apple shares rising 3.4%, and Amazon and Intel rising over 1% each.
The month of August marked great significance as both the broader S&P500 and Dow rose 7% – their best gain since the 1980’s. This came as the ASX200 closed higher for the 5th month, up 2.24% – the best return since 2009.

Commodities:

  • Gold holds steady where it was yesterday at US$1,974
  • Oil fell 0.4% to US$42.82.

What to watch today:

  • Aussie futures set to lose 0.96%, or 58 points at the open
  • The RBA meets today – rates tipped to remain on hold at 0.25%
  • BHP listed in New York lost 1.4%, Rio similarly fell by 1.2%

Trading ideas:

  • Temple & Webster (ASX:TPW) shares soared 18% yesterday to a record all time high – $9.69 after delivering results that were much stronger than expected. Its sales have risen 161%, and Bell Potter have increased its price target to $11.40.
  • PointsBet (ASX:PBH) shares fell about 7% yesterday, but it managed to remain in record high territory at $13.03. Bell Potter have upgraded the stock’s buy rating, and increased the price target to $18.40.
  • Sezzle (ASX:SZL) shares fell 9.4% yesterday to $10.27, after reporting its loss sank from $4.8m to $8.2m in the half year to June 30. However, its active merchants and customers increased 220-340%. Ord Minnett increased Sezzle’s price target to $11.80.

Weekly Wrap 30 October

Bell Direct
October 30, 2020

Morning Bell 30 October

Bell Direct
October 30, 2020

Morning Bell 29 October

Bell Direct
October 29, 2020

Morning Bell 28 October

Bell Direct
October 28, 2020

Morning Bell 27 October

Bell Direct
October 27, 2020

Morning Bell 26 October

Bell Direct
October 26, 2020

Weekly Wrap 23 October

Bell Direct
October 23, 2020

Morning Bell 23 October

Bell Direct
October 23, 2020

Morning Bell 21 October

Bell Direct
October 21, 2020

Morning Bell 20 October

Bell Direct
October 20, 2020

Morning Bell 19 October

Bell Direct
October 19, 2020

Weekly Wrap 16 October

Bell Direct
October 16, 2020