Skip to main content

Latest stock market podcasts

Morning Bell 13 July

Bell Direct
July 13, 2020

The Aussie share market is eyeing a 1.6% gain at the open, which will help us recoup some of the 2.3% lost last week.

Millions of Australians will receive a second $750 payment from today, with the one-off cash payment going to eligible pensioners, carers and students, which will cost the government over $4 billion. Free childcare ends today after three months, while some parents will receive 100 hours per fortnight subsidised until October 4.

Despite COVID-19 cases in the U.S. rising to a record high, U.S. stocks charged ahead on Friday after Gilead reported its COVID-19 treatment candidate showed an improvement in clinical recovery and 62% reduction in the mortality rate compared to the level of care.

What to watch today:

  • Expect stocks linked to the economic recovery to attempt a slight claw back following Wall Street’s lead.
  • Tomorrow NAB (ASX:NAB) will report its business confidence for June, Consumer confidence data is out on Wednesday and unemployment data is out on Thursday with consensus expecting unemployment will lift from 7.1% to 7.4%, less than the RBA’s forecast of 10%. If data is better than expected, expect the market to rally along with banks and consumer discretionary stocks.

Local Trading ideas:

  • UBS reiterated Nine Entertainment (ASX:NEC) as a buy with a $1.70 target, after the CFO announced his resignation after a family member passed away. At the same time, Nine announced its full year earnings (EBITDA) for FY20 should be $390-$410 million beating UBS’ expectations.
  • Bell Potter increased its buy rating and price target of NAB (ASX:NAB) to $19.90.
  • Bell Potter initiated coverage of Calix (ASX:CXL) as a speculative buy with a $1.10 target as it’s growing organic revenue amid its U.S. expansion into differentiated water treatments. All in all, Calix has five targets, from CO2 emissions in cement manufacture to commercialising its aquaculture and crop protection with a total combined market of $70 billion.

Morning Bell 2 December

Bell Direct
December 2, 2024

Weekly Wrap 29 November

Bell Direct
November 29, 2024

Morning Bell 28 November

Bell Direct
November 28, 2024

Morning Bell 27 November

Bell Direct
November 27, 2024

Bell Direct
November 26, 2024

Morning Bell 25 November

Bell Direct
November 25, 2024

Morning Bell 21 November

Bell Direct
November 21, 2024

Morning Bell 20 November

Bell Direct
November 20, 2024

Morning Bell 19 November

Bell Direct
November 19, 2024

Morning Bell 18 November

Bell Direct
November 18, 2024

Weekly Wrap 15 November

Bell Direct
November 15, 2024

Morning Bell 14 November

Bell Direct
November 14, 2024