Skip to main content

Latest stock market podcasts

Morning Bell 29 June

Jessica Amir
June 29, 2021

As of today, 23% of the world’s population have received their first dose of the COVID-19 vaccine, according to Our World in Data.

 

Overnight, big tech names Zoom, Facebook and Peloton all increased over 4%.

 

Today, the futures are suggesting a negative day for the Aussie share market, given there are two days until the EOFY and three of Australia’s capital cities are in lockdown.

 

What to watch today:

  • With two days until the EOFY, institutional investors are rebalancing their portfolios to sell stocks that have done well over the year, and buy those that have underperformed. With this in mind, stocks that are up 40 to 90% this year include mining stocks Chalice Gold Mines (ASX:CHN), Pilbara Minerals (ASX:PLS) and Codan (ASX:CDA). Banking stocks include Virgin Money (ASX:VUK) and Westpac (ASX:WBC), and building stocks include Reece Group (ASX:REH) and Boral (ASX:BLD). Uniti Group (ASX:UWL) is also one to watch.
  • COVID-19 restrictions and lockdowns are currently in place in Perth, Sydney and Darwin, so watch travel, tourism, hospitality and retail stocks.
  • Prime Minister Scott Morrison has announced that anyone under 40 years old can receive the AstraZeneca vaccine.
  • The iron ore price continued its recovery rising 0.4% to US$215.00.
  • The oil price is down to US$72.00 a barrel.

 

Trading Ideas:

  • Bapcor (ASX:BAP) was upgraded by Citi overnight with a new $9.55 price target.
  • Genetic Signatures (ASX:GSS) was reiterated as a Bell Potter Speculative BUY with a slimmer $2.20 price target.
  • VGI Partners (ASX:VGI), Kogan (ASX:KGN) and Rudbubble (ASX:RBL) are all giving off bullish charting signals according to Trading Central.

 

Morning Bell 20 June

Bell Direct
June 20, 2024

Morning Bell 18 June

Bell Direct
June 18, 2024

Morning Bell 17 June

Bell Direct
June 17, 2024

Weekly Wrap 14 June

Bell Direct
June 14, 2024

Morning Bell 13 June

Bell Direct
June 13, 2024

Morning Bell 12 June

Bell Direct
June 12, 2024

Morning Bell 11 June

Bell Direct
June 11, 2024

Weekly Wrap 7 June

Bell Direct
June 7, 2024

Morning Bell 6 June

Bell Direct
June 6, 2024

Morning Bell 5 June

Bell Direct
June 5, 2024

Morning Bell 4 June

Bell Direct
June 4, 2024

Morning Bell 3 June

Bell Direct
June 3, 2024