Skip to main content

Morning Bell 11 June

Jessica Amir
June 11, 2021

The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.1%.

All three US indices rose overnight, despite an inflationary reading that saw consumer prices rise more than expected.

What to watch today:

  • Food and beverage companies will be in focus, as Victoria ended its lockdown overnight and hospitality ventures reopen. Watch Wesfarmers (ASX:WES) and Coles (ASX:COL).
  • Australia and Singapore could start a travel bubble if more Australians are vaccinated and transmissions fall. Watch travel stocks including Flight Centre (ASX:FLT), Qantas (ASX:QAN), Webjet (ASX:WEB) and Adacel (ASX:ADA).
  • Demand for iron ore is surging. The iron ore price could rise from its current level at US$214 to US$300. Keep an eye on iron ore stocks.

Trading Ideas:

  • Citi has a Buy recommendation on Zip (ASX:Z1P) with a $10.90 price target.
  • Adriatic Metals (ASX:ADT), Nitro Software (ASX:NTO) and Shopping Centres Australasia Property Group (ASX:SCP) are all giving off bullish charting signals according to Trading Central.

How to: Bell Direct’s Technical Insight tool

Jessica Amir
September 6, 2020

How to: Bell Direct’s ETF filter

Bell Direct
September 5, 2020

Weekly Wrap 4 September

Jessica Amir
September 4, 2020

How to: Use Bell Direct’s mFund filter

Bell Direct
September 4, 2020

Morning Bell 4 September

Jessica Amir
September 4, 2020

How to: Market Map

Bell Direct
September 3, 2020

Morning Bell 3 September

Jessica Amir
September 3, 2020

How to: Unusual Volume

Bell Direct
September 2, 2020

Morning Bell 2 September

Jessica Amir
September 2, 2020

How to: Directors’ Interest tool

Bell Direct
September 1, 2020

Morning Bell 1 September

Jessica Amir
September 1, 2020

How to: Changes in Substantial Holdings

Jessica Amir
August 31, 2020