Skip to main content

Latest stock market podcasts

Morning Bell 13 November

Bell Direct
November 13, 2023

US equities closed with a second week of gains, with the Dow Jones up nearly 400 points or 1.15%, the S&P500 up 1.56% and the tech-heavy Nasdaq rallying 2.05% higher, after Microsoft leap to all-time highs during Friday’s session. Equities recovered as treasurer yields stabilised.

All European benchmarks ended the trading week in the red. The STOXX 600 closed Friday 1% lower, with food and beverage stocks leading the losses. All sectors were in negative territory, except for oil and gas stocks.

What to watch today:

  • The Australian market is set to start the week higher, ahead of key economic indicators out this week. The SPI futures are suggesting a rise of 0.34% at the open this morning.
  • In commodities,
    • Crude oil is trading almost 2% higher at US$77 per barrel, mirroring the broader market as equities rebounded on Friday.
    • Gold is more than 1% lower, below US$1,950 an ounce, weighed down by the strong US dollar and Treasury yields, as the US market anticipates a fall in US consumer sentiment, as well as higher inflationary expectations.
    • And iron ore has advanced to US$130 per tonne, its highest level in over 7-months, amid expectations of robust demand and risks to supply.
  • And today watch the share price movements of ANZ (ASX:ANZ), Elders (ASX:ELD) and Incitec Pivot (ASX:IPL) as they’re set to release their earnings reports today.
  • Also watch Macquarie Group (ASX:MQG), which is set to go ex-dividend today. This may see MQG’s share price fall, as investors take their profits.

Trading Ideas:

  • Bell Potter maintains a Buy rating on Life360 (ASX:360) ahead of the release of the companies Q3 results on Wednesday this week. Life360 provides a market leading app for families with features that range from communications to driving safety and location sharing. Bell Potter continue to forecast 2023 revenue and adjusted EBITDA of US$310.8 million and US$13.9 million, consistent with or slightly above guidance, which they expect to be reiterated in the Q3 report. Their price target remains unchanged at $11.00, and at 360’s current share price of $7.96, this implies 38% share price growth in a year.
  • Bell Potter also have a Speculative Buy rating on Avita Medical (ASX:AVH), who develop a range of respiratory and regenerative products. Their valuation is $6.85, which at AVH’s current share price of $3.71, implies 84.6% share price growth in a year.

Morning Bell 19 April

Bell Direct
April 19, 2024

Morning Bell 18 April

Bell Direct
April 18, 2024

Morning Bell 17 April

Bell Direct
April 17, 2024

Morning Bell 16 April

Bell Direct
April 16, 2024

Morning Bell 15 April

Bell Direct
April 15, 2024

Weekly Wrap 12 April

Bell Direct
April 12, 2024

Morning Bell 12 April

Bell Direct
April 12, 2024

Morning Bell 11 April

Bell Direct
April 11, 2024

Morning Bell 10 April

Bell Direct
April 10, 2024

Morning Bell 9 April

Bell Direct
April 9, 2024

Morning Bell 8 April

Bell Direct
April 8, 2024