Morning Bell 5 July

Jessica Amir
July 5, 2021

The Aussie share market is set to start the week flat.

As COVID-19 cases in NSW increase, many are questioning if Sydney’s two week lockdown will be extended on Friday.

What to watch today:

  • The Trans -Tasman bubble will resume today. Residents from South Australia, ACT, Tasmania and Victoria will be allowed to travel to New Zealand, provided they have not visited a designated hotspot.
  • In company news, Tabcorp (ASX:TAH) announced it is to demerge its Lotteries and Keno into an ASX listed business. The gambling industry has been successful amid the rise of lockdown leisure, which supports (ASX:TAH) shares. (ASX:TAH) shares are up 33% this year. Other gambling companies to watch include Aristocrat Leisure (ASX:ALL) and Jumbo Interactive (ASX:JIN).
  • In economic news, the RBA are set to meet tomorrow.
  • On Thursday, the US Fed are set to release their last meeting minutes.
  • The iron ore price rose 0.3% to US$212.00. On Wall Street, BHP (ASX:BHP) and Rio Tinto (ASX:RIO) traded higher. The Aussie listed stocks are expected to follow.
  • The gold price rose 0.3% to US$1,787.
  • The oil price traded at US$75.00, at its highest level since October 2018.
  • The copper price rose 1%.

Trading Ideas:

  • Imdex (ASX:IMD) was reiterated as a Bell Potter BUY with a $2.35 target, implying 18% yearly upside.
  • Transurban (ASX:TCR), Syrah Resources (ASX:SYR) and Musgrave Minerals (ASX:MGV) are all giving off bullish charting signals according to Trading Central.

Weekly Wrap 23 July

Jessica Amir
July 23, 2021

Morning Bell 23 July

Jessica Amir
July 23, 2021

Morning Bell 22 July

Jessica Amir
July 22, 2021

Morning Bell 21 July

Sophia Mavridis
July 21, 2021

Morning Bell 20 July

Paulina Peters
July 20, 2021

Morning Bell 19 July

Jessica Amir
July 19, 2021

Weekly Wrap 16 July

Jessica Amir
July 16, 2021

Morning Bell 16 July

Sophia Mavridis
July 16, 2021

Morning Bell 15 July

Paulina Peters
July 15, 2021

Morning Bell 14 July

Jessica Amir
July 14, 2021

Morning Bell 13 July

Jessica Amir
July 13, 2021