Morning Bell 13 October

Bell Direct
October 13, 2020

Another positive day is on the cards for the Aussie share market, with the ASX200 set to lift 0.8%.

Overnight in the U.S., optimism was high ahead of third quarter earnings being released with JPMorgan Chase and Delta Air reporting as early as tomorrow. Sentiment is also high on hopes of a stimulus package being inked, which will provide individuals with $1,200 of pocket money.

What to watch today:

  1. The oil price fell 3% to US$39.53 as U.S. production began to be restored after being shut off after Hurricane Delta.
  2. Gold slipped from its three-week high and trades at US$1,927.
  3. Iron ore fell 1.2% to US$124.
  4. AGM season ramps up locally, with CBA (ASX:CBA), Telstra (ASX:TSL) and EBOS Group (ASX:EBO) holding theirs today.

 

As for Trading ideas that may be worth a look:

  • UBS increased Bapcor’s (ASX:BAP) price target to $8.55. Citi also reiterated the car part accessory business Bapcor as a Buy with a revved up $8.80 target.
  • Ahead of ANZ reporting financial year results in two weeks, Bell Potter upgraded the big four bank with a $20.50 target, and reiterated its Buy rating.
  • Alliance Aviation Services (ASX:AQZ), Emvision Medical Devices (ASX:EMV) and Catapult Group (ASX:CAT) are all showing bullish charting signals – according to Trading Central.

Morning Bell 30 August

Jessica Amir
August 30, 2021

Weekly Wrap 27 August

Jessica Amir
August 27, 2021

Morning Bell 27 August

Sophia Mavridis
August 27, 2021

Morning Bell 26 August

Paulina Peters
August 26, 2021

Morning Bell 25 August

Jessica Amir
August 25, 2021

Morning Bell 24 August

Jessica Amir
August 24, 2021

Morning Bell 23 August

Jessica Amir
August 23, 2021

Weekly Wrap 20 August

Jessica Amir
August 20, 2021

Morning Bell 20 August

Sophia Mavridis
August 20, 2021

Morning Bell 19 August

Paulina Peters
August 19, 2021

Morning Bell 18 August

Jessica Amir
August 18, 2021