Morning Bell 13 August

Bell Direct
August 13, 2020

The Aussie share market is set to gain 0.7% at the open, which should erase yesterday’s fall of 0.1%. Tech stocks on Wall Street rebounded rising 2.1%, with the S&P500 in striking distance of a record high. The UK market rose 2%, with the other major indices following. A big reason for this is global COVID-19 cases are continuing to fall.

What was notable in commodities was that the oil price jumped 2% to US$42.56, its highest level since early March after U.S. oil supply dropped.

What to watch today:
– Australian unemployment data is out for July, it is expected to worsen from 7.4% to 7.8% last month.
– Companies reporting today: AGL Energy (ASX:AGL), AMP (ASX:AMP), Breville (ASX:BRG), Evolution Mining (ASX:EVN), Goodman (ASX:GMG), Telstra (ASX:TLS), QBE (ASX:QBE), Treasury Wine (ASX:TWE) and Woodside Petroleum (ASX:WPL).

Local trading ideas:
– Mesoblast (ASX:MSB) was reiterated as a Bell Potter speculative buy with a $6.00 target.
– Bell Potter downgraded CBA (ASX:CBA) from a buy to a hold with a $78 target.
– WiseTech (ASX:WTC) was downgraded by Citi to a sell.

Weekly Wrap 16 April

Bell Direct
April 16, 2021

Morning Bell 16 April

Bell Direct
April 16, 2021

Morning Bell 15 April

Bell Direct
April 15, 2021

Morning Bell 14 April

Bell Direct
April 14, 2021

Morning Bell 13 April

Bell Direct
April 13, 2021

Morning Bell 12 April

Bell Direct
April 12, 2021

Weekly Wrap 9 April

Bell Direct
April 9, 2021

Morning Bell 9 April

Bell Direct
April 9, 2021

Morning Bell 8 April

Bell Direct
April 8, 2021

Morning Bell 7 April

Bell Direct
April 7, 2021

Morning Bell 6 April

Bell Direct
April 6, 2021