Skip to main content

Latest stock market podcasts

Morning Bell 3 November

Sophia Mavridis
November 3, 2021

Yesterday, the ASX200 fell about 46 points in a volatile session. Real Estate shares rebounded, while Materials dropped the most. Goodman Group (ASX:GMG) advanced 5.6%, after a positive trading update. Whitehaven Coal (ASX:WHC) was the worst performer. Its shares fell alongside the price of Chinese thermal coal.

In New York overnight, the three major benchmarks closed at a record for the third session in a row. Investors are waiting on a key Federal Reserve decision.

Following US equities, the SPI futures are suggesting the Aussie share market will rise 0.97% at the open.

What to watch today:

  • In economic news, yesterday, the RBA held the cash rate at its record 0.10%. The RBA also discontinued its monetary policy measures, its yield curve control, and they will drop the 10-point target on the 3-year bond, expiring 2024.
  • Services PMI was released this morning for October, increasing to 52 from 45.5 in September. This indicates a return to expansion, after three months of contraction due to lockdown restrictions.
  • AGMs today include Domino’s Pizza (ASX:DMP), Worley (ASX:WOR), Cedar Woods Property (ASX:CWP) and Tyro Payments (ASX:TYR).
  • The most traded stocks by Bell Direct clients yesterday were Westpac (ASX:WBC) and Commonwealth Bank of Australia (ASX:CBA), as financials fell, and investors took profits.
  • Iron ore declined overnight, with BHP and Rio Tinto closing lower in both London and New York. Expect ASX-listed BHP and RIO to follow. The seaborne iron ore price is currently trading more than 3% lower at US$99.
  • Oil is also trading lower as markets await OPEC’s meeting. Spot gold is trading lower, below $1,790 amid a weaker dollar. And the coal price has tumbled 6%, as China aims to boost coal production.

 Trading ideas:

  • Bell Potter have upgraded software design company Altium (ASX:ALU) from a HOLD to a BUY and have increased their price target by 31% to $42.50, taking into account earnings changes as well as market movements and time creep. ALU closed yesterday at $37.33, implying 13.8% share price growth in a year.
  • Bullish charting signals have been identified in Evolve Education Group (ASX:EVO), Aristocrat Leisure (ALL) and Australian Strategic Materials (ASX:ASM), according to Trading Central.

Morning Bell 27 January

Sophia Mavridis
January 27, 2022

Morning Bell 25 January

Paulina Peters
January 25, 2022

Morning Bell 24 January

Paulina Peters
January 24, 2022

Weekly Wrap 21 January

Sophia Mavridis
January 21, 2022

Morning Bell 20 January

Sophia Mavridis
January 20, 2022

Morning Bell 19 January

Sophia Mavridis
January 19, 2022

Morning Bell 18 January

Paulina Peters
January 18, 2022

Morning Bell 17 January

Sophia Mavridis
January 17, 2022

Weekly Wrap 14 January

Sophia Mavridis
January 14, 2022

Morning Bell 13 January

Paulina Peters
January 13, 2022

Morning Bell 12 January

Sophia Mavridis
January 12, 2022

Morning Bell 11 January

Paulina Peters
January 11, 2022