Skip to main content

Morning Bell 24 September

Jessica Amir
September 24, 2020

The Aussie share market is eyeing a red start with a fall of almost 1% at the open.

U.S. equities fell lower overnight as lawmakers struggled to progress a new stimulus deal, despite the Fed Reserve calling upon fiscal help to support the U.S. economy.

What to watch today:

  • With the rise of the U.S. dollar, keep an eye on the ETF USD and companies that could benefit from the fall of the Aussie dollar including ResMed (ASX:RMD), CSL (ASX:CSL) and James Hardie (ASX:JHX).

Local trading ideas:

  • Service Steam (ASX:SSM) was upgraded by Bell Potter as a buy with a $2.30 price target after NBN Co. announced $4.5b of new network investments, which will see additional fibre laid out for connections, upgrades to business networks and large-scale investments across regional areas which will provide tailwind for SSM.
  • Agri chemical company Nufarm (ASX:NUF), was upgraded by UBS as a buy with a new $5.25 price target.
  • Harvey Norman (ASX:HVN), Domino’s Pizza (ASX:DMP) and Reece (ASX:REH) are giving off strong bullish charting signals according to Trading Central.

Morning Bell 14 August

Grady Wulff
August 14, 2024

Morning Bell 13 August

Bell Direct
August 13, 2024

Morning Bell 12 August

Grady Wulff
August 12, 2024

Weekly Wrap 9 August

Grady Wulff
August 9, 2024

Morning Bell 9 August

Sam Kanaan
August 9, 2024

Morning Bell 8 August

Bell Direct
August 8, 2024

Morning Bell 31 July

Sam Kanaan
July 31, 2024

Morning Bell 30 July

Sam Kanaan
July 30, 2024

Morning Bell 29 July

Grady Wulff
July 29, 2024

Weekly Wrap 26 July

Grady Wulff
July 26, 2024