Skip to main content

Latest stock market podcasts

Morning Bell 30 November

Paulina Peters
November 30, 2021

The ASX200 closed in the red yesterday, down 0.5%, in what was a rollercoaster session for the benchmark index, driven by investor fears about the new omicron COVID-19 variant.

Only two of the eleven sectors were higher, materials and information technology. While the real estate and energy sectors came under pressure, down 1.4% each.

The biggest gainers included HUB24 (ASX:HUB), Bapcor (ASX:BAP) and Domino’s Pizza (ASX:DMP). Mineral Resources (ASX:MIN) lifted 3.4% after the company announced it had entered into a port and rail agreement. And healthcare company, Healius (ASX:HLS) benefited from elevated demand for COVID-19 testing services. Travel stocks suffered as Aussie states initiated tougher quarantine rules on arrivals from nine African countries. The largest falls however, were for shopping centre owners, Unibail-Rodamco-Westfield (ASX:URW) and Vicinity Centres (ASX:VCX).

In the US, all three benchmarks closed higher and recovered from Friday’s sell-off. This follows President Joe Biden stating that that economic lockdowns in response to the omicron COVID-19 variant are currently off the table. Mega-cap tech stocks were amongst the biggest winners.

Today, the Aussie share market is set to rise amid a broad rebound in equities and commodities. The futures are suggesting a lift of 0.6%.

What to watch today:

  • Economic data out today includes building permits and private sector credit.
  • Looking at commodities, following its worse day in 2021, oil prices bounced back on Monday. The WTI gained 2.6% to settle at US$69.95 a barrel. The gold price eased, as the dollar firmed, and the spot iron ore price traded down 4% to US$96.50 a tonne.
  • KFC owner, Collins Foods (ASX:CKF), is set to release its half year results. While no guidance has been given, the business plans to build 9 to 12 KFC restaurants in Australia this financial year. Macquarie is bullish on the stock, currently holding an outperform rating and $14.75 price target.
  • Companies holding their AGMs today include Starpharma (ASX:SPL), Orocobre (ASX:ORE) and Omni Bridgeway (ASX:OBL).
  • Spark Infrastructure Group (ASX:SKI) is set to go ex-dividend today.

Trading Ideas:

  • Bell Potter have maintained their BUY rating on technology hardware and equipment company, EROAD (ASX:ERD) with a decreased price target of $5.95 (previously $6.05). This follows EROAD’s mixed first half 2022 result, which was impacted by slightly higher operating and R&D costs, while group revenue was up 4.8% year-on-year. Separately, EROAD is in the early stages of expanding its platform offering and enterprise sales initiatives in North America and Australia. EROAD closed flat yesterday at $4.70, which implies 26.6% share price growth in a year.
  • Bullish charting signals have been identified in Bannerman Energy (ASX:BMN), Redbubble (ASX:RBL) and Sparc Technologies (ASX:SPN), and that’s according to Trading Central.

Morning Bell 5 March

Bell Direct
March 5, 2024

Morning Bell 4 March

Bell Direct
March 4, 2024

Weekly Wrap 1 March

Bell Direct
March 1, 2024

Morning Bell 1 March

Bell Direct
March 1, 2024

Morning Bell 29 February

Bell Direct
February 29, 2024

Morning Bell 28 February

Bell Direct
February 28, 2024

Morning Bell 27 February

Bell Direct
February 27, 2024

Morning Bell 26 February

Bell Direct
February 26, 2024

Weekly Wrap 23 February

Bell Direct
February 23, 2024

Morning Bell 22 February

Bell Direct
February 22, 2024

Morning Bell 21 February

Bell Direct
February 21, 2024

Morning Bell 20 February

Bell Direct
February 20, 2024