Skip to main content

Latest stock market podcasts

Morning Bell 8 February

Bell Direct
February 8, 2024

Wall St closed higher overnight as investors react to further earnings season results. The S&P 500 rose 0.82%, edging closer to the 5000 level, the Dow Jones gained 0.4% and the tech-heavy Nasdaq rallied nearly 1%.

In terms of US stocks Microsoft and Nvidia added 2% each with Alphabet and Amazon rising by 1% each.

Over in Europe, markets closed lower following uncertainty over the rate cut outlook. The STOXX600 closed 0.3% lower with most sectors finishing the trading session lower. Oil and gas stocks were down 1%, with auto stocks up half a percent. Germany’s DAX fell 0.65%, the French CAC lost 0.36% and over in the UK the FTSE100 ended the trading session 0.65% lower.

Locally yesterday, markets closed 0.45% higher, with gains led by the utilities and real estate sectors of 1.74% and 1.11% respectively. This was slightly offset by the energy sector which retreated 0.95%.

What to watch today:

  • The Australian share market is set to open flat at market open this morning.
  • On the commodities front this morning,
    • Oil is trading 1.03% higher at 74 US dollars and 7 cents a barrel as investors continue looking at the situation in the Middle East.
    • Gold is trading flat at 2035 US dollars and 15 cents an ounce as investors await for further clues regarding monetary policy.
    • And iron ore is trading 1.53% lower at 128 US dollars and 50 cents a tonne

Trading Ideas:

  • Bell Potter maintains a buy rating on Australian Agricultural Co. (ASX:AAC) and has increased its 12-month price target to $2. The buy rating is maintained as cattle prices have rebounded strongly and US meat pricing indicators remain fairly firm. AAC is trading at a 40% discount, despite a 50% rally in the heavy steer indicator and an 87% rally in the EYCI post balance date.
  • And Trading Central has identified a bullish signal on Austal Ltd (ASX:ASB), indicating that the stock price may rise from the close of $2.10 to the range of $2.37-$2.45 on a pattern formed over 33 days, according to the standard principles of technical analysis.

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