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 24 February

Bell Direct
February 23, 2020

Morning Bell 21 February

Bell Direct
February 20, 2020

Morning Bell 20 February

Bell Direct
February 19, 2020

Morning Bell 19 February

Bell Direct
February 18, 2020

Morning Bell 18 February

Bell Direct
February 17, 2020

Morning Bell 17 February

Bell Direct
February 16, 2020

Weekly Wrap 14 February

Bell Direct
February 14, 2020

Morning Bell 14 February

Bell Direct
February 13, 2020

Morning Bell 11 February

Bell Direct
February 10, 2020

Morning Bell 10 February

Bell Direct
February 9, 2020