Morning Bell 23 July

Jessica Amir
July 23, 2021

Yesterday the Aussie share market closed at record high of 7,386 points after the market rose 1.1%.

This morning, the futures are suggesting the market will fall 0.2%.

What to watch today,

  • The iron ore price is down 2%, pulling back for the second session. Stocks such as BHP (ASX:BHP) and Fortescue Metals (ASX:FMG) are expected to pull back.
  • The oil price jumped 2% to US$71, helping energy stocks rebound from Monday‚Äôs sell off.
  • Copper is up 1.5%, while coal prices dipped for the second day, peeling back off its decade high.
  • The Services PMI Flash for July will be released today. The services sector was in growth territory prior to the lockdowns.

Trading Ideas:

  • Zip (ASX:Z1P) is a Citi BUY with a $10.25 price target, implying 35% share price growth in a year.
  • Bell Potter has reiterated Cluey (ASX:CLU) as a Speculative BUY stock, with a $1.70 price target, implying 50% share price growth in a year.
  • Uniti Group (ASX:UWL) Adriatic Metals (ASX:ADT) and Alcidion (ASX:ALC) are all giving off bullish charting signals according to Trading Central.

Morning Bell 20 September

Jessica Amir
September 20, 2021

Weekly Wrap 17 September

Jessica Amir
September 17, 2021

Morning Bell 17 September

Paulina Peters
September 17, 2021

Morning Bell 16 September

Jessica Amir
September 16, 2021

Morning Bell 15 September

Jessica Amir
September 15, 2021

Morning Bell 14 September

Sophia Mavridis
September 14, 2021

Morning Bell 13 September

Jessica Amir
September 13, 2021

Weekly Wrap 10 September

Jessica Amir
September 10, 2021

Morning Bell 10 September

Sophia Mavridis
September 10, 2021

Morning Bell 9 September

Paulina Peters
September 9, 2021

Morning Bell 8 September

Jessica Amir
September 8, 2021

Morning Bell 7 September

Jessica Amir
September 7, 2021